Suburb Profile Report for Darley VIC (3340)

Darley House: Median price $535,000, Annual capital growth 6.84%, Number of sales 138, Weekly median advertised rent $350

Darley Unit: Median price $310,000, Annual capital growth 8.07%, Number of sales 17, Weekly median advertised rent $320

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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With a capital gain of 5.21% for the last 12 months, Darley, 3340 has performed for property investments than its average annual 6.84% property growth over the last 5 years.

Darley,3340 has offered an average of 5.21% return per annum in house price rises to property investors over the last three years.

Our latest figures would indicate that property sellers in Darley are currently offering property investors an average price cut of -7.01% below the asking price at the moment.

In the last year 138 properties changed hands in Darley, which puts it as the 162th most active market in VIC when comparing the number of sales per suburb.

The VIC suburb of Darley, 3340 is in the Moorabool (S) local government area.

Darley is in the bottom 40% in VIC when comparing median price capital growth over the last year. Darley gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.37%.

Darley,3340 was ranked 752 in Australia by increase in median property value over the quarter.

At number 753 in a list of fastest selling suburbs, Darley is just in the bottom half of suburbs in Australia with an average of days on market 81.8182 for properties listed there.

Information supplied by:


March 2019

M
O

W
E

Bacchus March spot sticks it out

Postcode: 3340

Median unit price: $325,000

Three-year growth: 18.2%

Rental yield: 5.4%

The peaceful suburb of Darley is the most highly populated locality in Bacchus Marsh. Having been settled in the 1830s, it is also the oldest settlement in this area.

Darley’s low median unit price is a drawing card for buyers at only $325,000. This could help account for the consistent positive trend the suburb has shown despite the downslide that has been observed throughout Victoria.

Many residents of Darley capitalise on its excellent location, which is bounded in the south by the Western Freeway. The suburb also contains two primary schools, Darley Primary School and Pentland Hills Primary School. Sports are played on the Darley Oval, which acts as the base of the Darley Football Club. Albert Street is the suburb’s commercial centre, and is also home of the local IGA supermarket.

Metrics i HOUSE UNIT
$535,000 $310,000
2.88% 0.65%
5.21% 1.37%
6.84% 8.07%
$350 $320
138 17
3.40% 5.37%
102.872 81.8181818181818

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 7417
Median household income ($/weekly) 1387
Median age of persons 35
Median housing loan repayment ($/monthly) 1606
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1210 16.3
    25-34 years 843 11.4
    35-44 years 1108 14.9
    45-54 years 1160 15.6
    55-64 years 849 11.4
    Others 2248 30.3
    Age Group
    Census Count Percent(%)
    Registered Married 2769 52.0
    Not Married 2021 37.9
    Defacto Relationship 537 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 6225 87.5
    New Zealand 39 0.5
    Papua New Guinea 82 1.2
    United Kingdom 371 5.2
    Other 94 1.3
    Others 301 4.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 37 0.5
    Christianity 4596 67.8
    Hinduism 18 0.3
    Islam 20 0.3
    No Religion 2089 30.8
    Others 23 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 200 9.2
    $1,000-$1,249 220 10.1
    $1,500-$1,999 340 15.7
    $2,000-$2,499 251 11.6
    $2,500-$2,999 209 9.6
    Others 952 43.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2270 41.6
    Not in the labour force 1701 31.2
    Employed, worked part-time 1102 20.2
    Employed, away from work 193 3.5
    Unemployed, looking for work 186 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 371 10.4
    Professionals 519 14.6
    Technicians & trades workers 633 17.8
    Community & personal service workers 395 11.1
    Clerical & administrative workers 545 15.3
    Others 1099 30.9
    Occupation
    Census Count Percent(%)
    Pre-school 111 5.7
    Infants/Primary 777 39.8
    Secondary 665 34.1
    Technical or Further Educational Institution 127 6.5
    University or other Tertiary Institutions 203 10.4
    Others 67 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7005 98.1
    Flat, unit or apartment 72 1.0
    Semi-detached, row or terrace house, townhouse 65 0.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1284 53.6
    Fully owned 698 29.2
    Rented 400 16.7
    Other tenure type 12 0.5
    Tenure Type
Census 2011, ABS
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