Suburb Profile Report for Leopold VIC (3224)

Leopold House: Median price $506,000, Annual capital growth 5.59%, Number of sales 211, Weekly median advertised rent $410

Leopold Unit: Median price $393,750, Annual capital growth 5.66%, Number of sales 16, Weekly median advertised rent $340

  • 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

If you compare the increase in value of investment property in Leopold, 3224 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 5.42%.

Leopold,3224 was ranked 974 in Australia by increase in median property value over the quarter.

Vendor discounting in Leopold is giving property investors an average Vendor Discount of around -5.61%. This puts suburb at number 445th in VIC when ranking the most discounted suburbs.

Renters in Suburb are facing rents around $21320 per annum or $410 every week.

Property investors who have had real estate in Leopold, 3224 should be 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 14.13%

Over the longer term, Leopold has seen property prices show investors a 27.02% return over the last 3 years. This is worse than over the last 12 months

At number 126 in a list of fastest selling suburbs, Leopold is in the TOP 10% of suburbs in Australia with an average of days on market 54.0769 for properties listed there.

Advertised rents are around the $340 mark per week – giving a return of 4.49% based on the median price in Suburb

Metrics i HOUSE UNIT
$506,000 $393,750
1.71% 5.28%
5.42% 14.13%
5.59% 5.66%
$410 $340
211 16
4.21% 4.49%
57.6631578947368 54.0769230769231

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 : Good (H), Above average (U)
Find a mortgage broker in Leopold VIC
Demographics
Total population 10111
Median household income ($/weekly) 1191
Median age of persons 39
Median housing loan repayment ($/monthly) 1565
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1394 13.8
    25-34 years 1205 11.9
    35-44 years 1408 13.9
    45-54 years 1325 13.1
    55-64 years 1195 11.8
    Others 3584 35.4
    Age Group
    Census Count Percent(%)
    Registered Married 4237 57.6
    Not Married 2440 33.2
    Defacto Relationship 681 9.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 8486 86.8
    Japan 93 1.0
    Papua New Guinea 101 1.0
    United Kingdom 558 5.7
    Other 106 1.1
    Others 433 4.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 64 0.7
    Christianity 6666 71.7
    Islam 40 0.4
    Other Religious Groups 22 0.2
    No Religion 2490 26.8
    Others 13 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 369 11.3
    $600-$799 348 10.6
    $800-$999 338 10.3
    $1,500-$1,999 523 16.0
    $2,000-$2,499 355 10.8
    Others 1345 41.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2906 37.3
    Not in the labour force 2744 35.2
    Employed, worked part-time 1642 21.1
    Employed, away from work 299 3.8
    Unemployed, looking for work 202 2.6
    Person Characteristics
  • Census Count Percent(%)
    Professionals 732 15.1
    Technicians & trades workers 935 19.3
    Community & personal service workers 565 11.7
    Clerical & administrative workers 697 14.4
    Sales 552 11.4
    Others 1366 28.2
    Occupation
    Census Count Percent(%)
    Pre-school 179 7.6
    Infants/Primary 880 37.6
    Secondary 702 30.0
    Technical or Further Educational Institution 259 11.1
    University or other Tertiary Institutions 236 10.1
    Others 85 3.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8885 93.5
    Flat, unit or apartment 384 4.0
    Caravan, cabin, houseboat 141 1.5
    Semi-detached, row or terrace house, townhouse 97 1.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1619 45.3
    Fully owned 1416 39.6
    Rented 498 13.9
    Other tenure type 44 1.2
    Tenure Type
Census 2011, ABS
Chart Table