Suburb Profile Report for Noble Park VIC (3174)

Noble Park House: Median price $674,500, Annual capital growth 9.54%, Number of sales 230, Weekly median advertised rent $370

Noble Park Unit: Median price $426,000, Annual capital growth 6.78%, Number of sales 301, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Noble Park has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.42%

When looking at the potential capital gains offered to property investors over the last 3 years, Noble Park comes in at number 46th in VIC.

Noble Park, 3174 is offering VIC ‘s 246th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.

Property investors who have had real estate in Noble Park, 3174 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 12.11%

Noble Park,3174 has offered an average of 12.11% return per annum in house price rises to property investors over the last three years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.58% offered to property buyers. Sellers in Noble Park itself are offering an average vendor discount of -4.53% to real estate investors.

Often selling an investment property can take time, and in Noble Park the average time real estate has been on the market is 47.14 days.

Renters in Suburb are facing rents around $3840 per annum or $320 every week.

Metrics i HOUSE UNIT
$674,500 $426,000
3.77% 2.65%
12.42% 12.11%
9.54% 6.78%
$370 $320
230 301
2.85% 3.91%
51.47 47.14

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (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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Recent sales & rentals