Suburb Profile Report for Noble Park VIC (3174)

Noble Park House: Median price $600,000, Annual capital growth 7.05%, Number of sales 230, Weekly median advertised rent $380

Noble Park Unit: Median price $444,000, Annual capital growth 5.69%, Number of sales 140, Weekly median advertised rent $350

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

At number 3623th in the list of Australian suburbs ordered by increase in median house value over the last year, Noble Park, 3174 is in the BOTTOM 20% with a property value increase of -13.04% recorded in median house prices.

Noble Park,3174 was ranked 3269 in Australia by increase in median property value over the quarter.

Property buyers and investors in Noble Park 3174 should be seeing an average reduction in asking price of around -8.74% . This means that Noble Park is holding prices well when compared to other suburbs in VIC.

On average over the past year, suburb has had 19.17 sales per month, which equates to 230 per year.

Noble Park is 373th on a list of best yielding suburbs for rents in VIC with a 3.29% return

Investment property in Noble Park has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -5.53%

Across a shorter period, Noble Park, 3174 has seen a median price increase of -1.33% over the last quarter.

Noble Park3174 is located in VIC which offers an average discount of -6.24% to property investors. Noble Park itself is showing figures that indicate -8.44% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Noble Park have been waiting around 65.0672 days to sell a property.

Situated 25.26km from the CBD, Noble Park is one of Greater Dandenong (C) localities in the postcode 3174.

Metrics i HOUSE UNIT
$600,000 $444,000
-3.23% -1.33%
-13.04% -5.53%
7.05% 5.69%
$380 $350
230 140
3.29% 4.10%
77.1448275862069 65.0672268907563

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 28377
Median household income ($/weekly) 901
Median age of persons 35
Median housing loan repayment ($/monthly) 1500
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 3015 10.6
    25-34 years 5435 19.2
    35-44 years 3818 13.5
    45-54 years 3354 11.8
    55-64 years 2982 10.5
    Others 9773 34.4
    Age Group
    Census Count Percent(%)
    Not Married 10723 49.5
    Registered Married 9945 45.9
    Defacto Relationship 1012 4.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 10713 39.9
    Indonesia 2410 9.0
    Sri Lanka 1498 5.6
    Viet Nam 2292 8.5
    Other 3355 12.5
    Others 6587 24.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 4769 18.2
    Christianity 13378 51.1
    Islam 2424 9.3
    Other Religious Groups 1062 4.1
    No Religion 3535 13.5
    Others 1017 3.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1224 13.3
    $600-$799 1182 12.9
    $800-$999 1026 11.2
    $1,000-$1,249 1019 11.1
    $1,500-$1,999 995 10.8
    Others 3738 40.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 9499 43.0
    Employed, worked full-time 7229 32.7
    Employed, worked part-time 3458 15.6
    Unemployed, looking for work 1196 5.4
    Employed, away from work 730 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1423 12.5
    Technicians & trades workers 1667 14.6
    Clerical & administrative workers 1539 13.5
    Machinery operators & drivers 1602 14.0
    Labourers 1956 17.1
    Others 3231 28.3
    Occupation
    Census Count Percent(%)
    Infants/Primary 1743 27.9
    Secondary 1537 24.6
    Technical or Further Educational Institution 885 14.2
    University or other Tertiary Institutions 1122 18.0
    Other type of educational institution 578 9.2
    Others 384 6.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 17284 64.5
    Flat, unit or apartment 7173 26.8
    Semi-detached, row or terrace house, townhouse 2325 8.7
    House or flat attached to a shop, office 15 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 3808 38.8
    Fully owned 3081 31.4
    Being purchased 2866 29.2
    Other tenure type 51 0.5
    Tenure Type
Census 2011, ABS
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