Suburb Profile Report for Edithvale VIC (3196)

Edithvale House: Median price $900,000, Annual capital growth 7.91%, Number of sales 60, Weekly median advertised rent $500

Edithvale Unit: Median price $701,500, Annual capital growth 6.41%, Number of sales 53, Weekly median advertised rent $450

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

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

  • House Report
  • Unit Report

Investment property in Edithvale 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 -4.46%

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

Vendor discounting in Edithvale is giving property investors an average Vendor Discount of around -6.31%. This puts suburb at number 338th in VIC when ranking the most discounted suburbs.

At number 638 in a list of fastest selling suburbs, Edithvale is in the TOP 20% of suburbs in Australia with an average of days on market 56.9024 for properties listed there.

A $500 per week rent on the median house gives suburb investors a gross yield of circa 2.89%, without taking into account capital value appreciation, which has been averaging out at 7.91%.

Over the last year, property investments in Edithvale, 3196 have given investors a capital gain of 1.59%. This compares favourably with the 0.68% for VIC as a whole.

If we look at median property appreciation over just the last three months, Edithvale has given property investors a paper return of -0.92%. This puts Suburb as 229 on a list of fastest fasting appreciating suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Edithvale is offering property investors an average of -6.31. This rate of discount on properties puts Suburb at number 44th in terms of most discounted suburbs in VIC

Residents and property investors in Edithvale have been waiting around 66.4516 days to sell a property.

With the median price for a house in Edithvale being $701500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.34%

Metrics i HOUSE UNIT
$900,000 $701,500
4.77% -0.92%
-4.46% 1.59%
7.91% 6.41%
$500 $450
60 53
2.89% 3.34%
56.9024390243903 66.4516129032258

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 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 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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