Suburb Profile Report for Bacchus Marsh VIC (3340)

Bacchus Marsh House: Median price $480,000, Annual capital growth 6.64%, Number of sales 122, Weekly median advertised rent $360

Bacchus Marsh Unit: Median price $277,500, Annual capital growth 2.95%, Number of sales 22, Weekly median advertised rent $305

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

With a capital gain of 15.52% for the last 12 months, Bacchus Marsh, 3340 has performed for property investments than its average annual 6.64% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Bacchus Marsh has given property investors a paper return of 3.90%. This puts Suburb as 98 on a list of fastest fasting appreciating suburbs in VIC

Bacchus Marsh, 3340 is offering VIC ‘s 523th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.

On average over the past year, suburb has had 10.17 sales per month, which equates to 122 per year.

With the median price for a house in Bacchus Marsh being $480000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.90%

Over the last year, property investments in Bacchus Marsh, 3340 have given investors a capital gain of -9.02%. This compares very badly with the 2.97% for VIC as a whole.

The five-year average increase in median property values for Bacchus Marsh,3340 has given property investors a potential capital gain of 8.82% across each of those five years.

Sellers are offering property buyers an average discount of -9.05% to buyers in Bacchus Marsh at the moment, which is less than average for the rest of VIC.

In the last year 22 properties changed hands in Bacchus Marsh, which puts it as the 241th most active market in VIC when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $15860 per annum or $305 every week.

Metrics i HOUSE UNIT
$480,000 $277,500
3.90% -2.63%
15.52% -9.02%
6.64% 2.95%
$360 $305
122 22
3.90% 5.72%
48.59 67.16

Source: CoreLogic

Disclaimer: The data presented here is the latest available data at the time of upload each month. Please note that data is routinely updated by our partners, so may change month to month.

DSR Score for property investment : Good (H), Good (U)
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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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