Suburb Profile Report for Alfredton VIC (3350)

Alfredton House: Median price $425,000, Annual capital growth 3.43%, Number of sales 241, Weekly median advertised rent $350

Alfredton Unit: Median price $227,500, Annual capital growth 2.59%, Number of sales 20, Weekly median advertised rent $230

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

Investment property in Alfredton has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 3.66%

Alfredton,3350 was ranked 2806 in Australia by increase in median property value over the quarter.

The most recent median price for Alfredton is $425000, with sellers offering an average of -3.48% off the asking price.

In the last year 241 properties changed hands in Alfredton, which puts it as the 85th most active market in VIC when comparing the number of sales per suburb.

Situated 106.35km from the CBD, Alfredton is one of Ballarat (C) localities in the postcode 3350.

Property value increases in Alfredton have tracked lower than the VIC average of 3.42% over the last 12 months.

The five-year average increase in median property values for Alfredton,3350 has given property investors a potential capital gain of 18.18% across each of those five years.

Sellers are offering property buyers an average discount of -11.01% to buyers in Alfredton at the moment, which is less than average for the rest of VIC.

In the last year 20 properties changed hands in Alfredton, which puts it as the 263th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $230 mark per week – giving a return of 5.26% based on the median price in Suburb

Metrics i HOUSE UNIT
$425,000 $227,500
-1.16% 8.33%
3.66% -9.05%
3.43% 2.59%
$350 $230
241 20
4.28% 5.26%
53.42 52.8

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 : Very good (H), Good (U)
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Demographics
Total population 7194
Median household income ($/weekly) 1384
Median age of persons 35
Median housing loan repayment ($/monthly) 1517
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1143 15.9
    25-34 years 808 11.2
    35-44 years 1054 14.6
    45-54 years 1047 14.6
    55-64 years 756 10.5
    Others 2387 33.2
    Age Group
    Census Count Percent(%)
    Registered Married 2752 55.7
    Not Married 1805 36.6
    Defacto Relationship 381 7.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 6251 90.1
    Indonesia 65 0.9
    Papua New Guinea 64 0.9
    United Kingdom 179 2.6
    Other 98 1.4
    Others 283 4.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 48 0.7
    Christianity 4792 72.5
    Hinduism 49 0.7
    Other Religious Groups 29 0.4
    No Religion 1665 25.2
    Others 31 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 204 9.4
    $600-$799 203 9.4
    $1,250-$1,499 206 9.5
    $1,500-$1,999 355 16.4
    $2,000-$2,499 252 11.6
    Others 949 43.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2095 39.4
    Not in the labour force 1674 31.5
    Employed, worked part-time 1189 22.4
    Employed, away from work 198 3.7
    Unemployed, looking for work 157 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 437 12.5
    Professionals 804 23.1
    Technicians & trades workers 470 13.5
    Clerical & administrative workers 500 14.4
    Sales 413 11.9
    Others 860 24.7
    Occupation
    Census Count Percent(%)
    Pre-school 170 8.2
    Infants/Primary 741 35.7
    Secondary 671 32.3
    Technical or Further Educational Institution 113 5.4
    University or other Tertiary Institutions 316 15.2
    Others 65 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6222 93.4
    Flat, unit or apartment 319 4.8
    Semi-detached, row or terrace house, townhouse 97 1.5
    House or flat attached to a shop, office 22 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1046 44.2
    Fully owned 779 32.9
    Rented 533 22.5
    Other tenure type 7 0.3
    Tenure Type
Census 2011, ABS
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