Suburb Profile Report for Darley VIC (3340)

Darley House: Median price $505,000, Annual capital growth 8.24%, Number of sales 146, Weekly median advertised rent $358

Darley Unit: Median price $317,500, Annual capital growth 11.85%, Number of sales 12, Weekly median advertised rent $295

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

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

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With a capital gain of 8.60% for the last 12 months, Darley, 3340 has performed for property investments than its average annual 8.24% property growth over the last 5 years.

Across a shorter period, Darley, 3340 has seen a median price increase of -0.98% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Darley, 3340. Typically our figures indicate that -7.60% is being offered, which puts this VIC suburb at 1088th most discounted overall in Australia.

On average over the past year, suburb has had 12.17 sales per month, which equates to 146 per year.

Darley, 3340 ranked 137th in VIC when comparing growth in median property values or capital gain over the last 12 months. Darley is one of 2099 in our list for VIC

When looking at the potential capital gains offered to property investors over the last 3 years, Darley comes in at number 112th in VIC.

On average over the past year, suburb has had 1.00 sales per month, which equates to 12 per year.

Darley, 3340’s gross rental yield is 4.83%

Information supplied by:


March 2019

M
O

W
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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
$505,000 $317,500
-0.98% 4.10%
8.60% 1.11%
8.24% 11.85%
$358 $295
146 12
3.68% 4.83%
75.8396946564886 N/A

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

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