Suburb Profile Report for Bacchus Marsh VIC (3340)

Bacchus Marsh House: Median price $409,000, Annual capital growth 5.29%, Number of sales 162, Weekly median advertised rent $330

Bacchus Marsh Unit: Median price $295,000, Annual capital growth 5.24%, Number of sales 37, Weekly median advertised rent $273

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Bacchus Marsh have tracked close to the VIC average of 11.73% over the last 12 months.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Bacchus Marsh has increased when compared to the 5 year average annual rate.

On average over the past year, suburb has had 13.50 sales per month, which equates to 162 per year.

Bacchus Marsh is 186th on a list of best yielding suburbs for rents in VIC with a 4.20% return

At number 943th in the list of Australian suburbs ordered by increase in median house value over the last year, Bacchus Marsh, 3340 is in the BOTTOM 50% with a property value increase of 3.15% recorded in median house prices.

If we look at median property appreciation over just the last three months, Bacchus Marsh has given property investors a paper return of -0.67%. This puts Suburb as 287 on a list of fastest fasting appreciating suburbs in VIC

Advertised rents are around the $272.5 mark per week – giving a return of 4.80% based on the median price in Suburb

Metrics i HOUSE UNIT
$409,000 $295,000
2.76% -0.67%
13.61% 3.15%
5.29% 5.24%
$330 $273
162 37
4.20% 4.80%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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Demographics
Total population 5759
Median household income ($/weekly) 972
Median age of persons 41
Median housing loan repayment ($/monthly) 1517
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 692 12.0
    25-34 years 612 10.6
    35-44 years 744 12.9
    45-54 years 790 13.7
    55-64 years 759 13.2
    Others 2163 37.6
    Age Group
    Census Count Percent(%)
    Registered Married 2031 46.8
    Not Married 1930 44.5
    Defacto Relationship 378 8.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 4704 86.1
    Indonesia 40 0.7
    Papua New Guinea 89 1.6
    United Kingdom 323 5.9
    Other 65 1.2
    Others 245 4.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 0.8
    Christianity 3693 69.9
    Hinduism 18 0.3
    Other Religious Groups 38 0.7
    No Religion 1473 27.9
    Others 20 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 213 10.1
    $400-$599 290 13.8
    $600-$799 222 10.5
    $800-$999 217 10.3
    $1,500-$1,999 233 11.1
    Others 932 44.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1765 39.5
    Employed, worked full-time 1614 36.1
    Employed, worked part-time 795 17.8
    Employed, away from work 166 3.7
    Unemployed, looking for work 126 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 269 10.4
    Professionals 467 18.1
    Technicians & trades workers 406 15.7
    Clerical & administrative workers 380 14.7
    Sales 258 10.0
    Others 798 31.0
    Occupation
    Census Count Percent(%)
    Pre-school 90 7.7
    Infants/Primary 406 34.6
    Secondary 380 32.4
    Technical or Further Educational Institution 71 6.1
    University or other Tertiary Institutions 179 15.3
    Others 47 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4918 90.1
    Flat, unit or apartment 399 7.3
    Semi-detached, row or terrace house, townhouse 93 1.7
    Caravan, cabin, houseboat 45 0.8
    House or flat attached to a shop, office 4 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 818 36.1
    Fully owned 809 35.7
    Rented 627 27.6
    Other tenure type 14 0.6
    Tenure Type
Census 2011, ABS
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