Suburb Profile Report for The Basin VIC (3154)

The Basin House: Median price $655,000, Annual capital growth 6.91%, Number of sales 54, Weekly median advertised rent $388

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report

At number 1676th in the list of Australian suburbs ordered by increase in median house value over the last year, The Basin, 3154 is in the top 40% with a property value increase of 7.20% recorded in median house prices.

The Basin,3154 has offered an average of 7.20% return per annum in house price rises to property investors over the last three years.

The Basin3154 is located in VIC which offers an average discount of -5.08% to property investors. The Basin itself is showing figures that indicate -6.38% is the average achievable by property buyers investing in the suburb.

At number 216 in a list of fastest selling suburbs, The Basin is in the TOP 10% of suburbs in Australia with an average of days on market 35.86 for properties listed there.

Property investors should expect to get $387.5 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$655,000 N/A
0.77% N/A
7.20% N/A
6.91% N/A
$388 N/A
54 N/A
3.08% N/A
35.86 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 4229
Median household income ($/weekly) 1454
Median age of persons 37
Median housing loan repayment ($/monthly) 1625
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 574 13.6
    25-34 years 560 13.2
    35-44 years 689 16.3
    45-54 years 646 15.3
    55-64 years 566 13.4
    Others 1194 28.2
    Age Group
    Census Count Percent(%)
    Registered Married 1611 51.7
    Not Married 1113 35.7
    Defacto Relationship 393 12.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3399 83.8
    Greece 43 1.1
    Papua New Guinea 57 1.4
    United Kingdom 324 8.0
    Other 60 1.5
    Others 174 4.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 33 0.9
    Christianity 2194 57.8
    Hinduism 21 0.6
    Other Religious Groups 31 0.8
    No Religion 1510 39.8
    Others 5 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 125 9.5
    $1,250-$1,499 135 10.3
    $1,500-$1,999 215 16.4
    $2,000-$2,499 178 13.6
    $2,500-$2,999 119 9.1
    Others 537 41.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1442 44.7
    Not in the labour force 805 25.0
    Employed, worked part-time 739 22.9
    Employed, away from work 139 4.3
    Unemployed, looking for work 99 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 277 11.9
    Professionals 407 17.5
    Technicians & trades workers 466 20.1
    Community & personal service workers 228 9.8
    Clerical & administrative workers 371 16.0
    Others 573 24.7
    Occupation
    Census Count Percent(%)
    Pre-school 97 9.8
    Infants/Primary 368 37.3
    Secondary 264 26.7
    Technical or Further Educational Institution 96 9.7
    University or other Tertiary Institutions 119 12.1
    Others 43 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3887 97.1
    Flat, unit or apartment 65 1.6
    Semi-detached, row or terrace house, townhouse 47 1.2
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 784 54.2
    Fully owned 492 34.0
    Rented 167 11.5
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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Recent sales & rentals