Suburb Profile Report for Edithvale VIC (3196)

Edithvale House: Median price $1,013,500, Annual capital growth 9.12%, Number of sales 76, Weekly median advertised rent $470

Edithvale Unit: Median price $645,000, Annual capital growth 7.10%, Number of sales 80, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Edithvale 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 14.84%

When looking at the potential capital gains offered to property investors over the last 3 years, Edithvale comes in at number 62th in VIC.

Property investors should expect to get $470 weekly from the median priced house in this suburb.

Over the last year, property investments in Edithvale, 3196 have given investors a capital gain of 11.59%. This compares favourably with the 6.72% for VIC as a whole.

Comparing Edithvale,3196 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

A $370 per week rent on the median house gives suburb investors a gross yield of circa 2.98%, without taking into account capital value appreciation, which has been averaging out at 7.10%.

Metrics i HOUSE UNIT
$1,013,500 $645,000
-0.15% 3.61%
14.84% 11.59%
9.12% 7.10%
$470 $370
76 80
2.41% 2.98%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 5449
Median household income ($/weekly) 1299
Median age of persons 39
Median housing loan repayment ($/monthly) 1900
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 613 11.2
    25-34 years 699 12.8
    35-44 years 923 16.9
    45-54 years 762 14.0
    55-64 years 530 9.7
    Others 1923 35.3
    Age Group
    Census Count Percent(%)
    Registered Married 1920 48.0
    Not Married 1654 41.4
    Defacto Relationship 425 10.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 4190 79.9
    Indonesia 43 0.8
    Papua New Guinea 91 1.7
    United Kingdom 368 7.0
    Other 142 2.7
    Others 408 7.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 56 1.1
    Christianity 3396 69.2
    Islam 32 0.7
    Other Religious Groups 31 0.6
    No Religion 1363 27.8
    Others 28 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 185 9.7
    $600-$799 189 10.0
    $1,500-$1,999 255 13.4
    $2,000-$2,499 188 9.9
    $2,500-$2,999 183 9.6
    Others 898 47.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1737 40.7
    Not in the labour force 1401 32.8
    Employed, worked part-time 845 19.8
    Employed, away from work 161 3.8
    Unemployed, looking for work 126 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 363 13.2
    Professionals 630 23.0
    Technicians & trades workers 434 15.8
    Clerical & administrative workers 454 16.6
    Sales 276 10.1
    Others 584 21.3
    Occupation
    Census Count Percent(%)
    Pre-school 97 8.3
    Infants/Primary 385 32.8
    Secondary 345 29.4
    Technical or Further Educational Institution 117 10.0
    University or other Tertiary Institutions 187 15.9
    Others 43 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3902 76.8
    Semi-detached, row or terrace house, townhouse 718 14.1
    Flat, unit or apartment 421 8.3
    House or flat attached to a shop, office 40 0.8
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 822 40.3
    Fully owned 699 34.3
    Rented 510 25.0
    Other tenure type 7 0.3
    Tenure Type
Census 2011, ABS
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