Suburb Profile Report for Alfredton VIC (3350)

Alfredton House: Median price $478,975, Annual capital growth 4.88%, Number of sales 230, Weekly median advertised rent $395

Alfredton Unit: Median price $276,000, Annual capital growth 5.53%, Number of sales 25, Weekly median advertised rent $280

  • 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.

  • House Report
  • Unit Report

VIC has seen average median house prices change by 2.87% which means that Alfredton, 3350 has done well for property investors by showing a capital gain of 8.86% over the last year

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

At number 507th of VIC’s most discounted properties, Alfredton is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Advertised rents are around the $395 mark per week – giving a return of 4.29% based on the median price in Suburb

With a capital gain of 12.65% for the last 12 months, Alfredton, 3350 has performed for property investments than its average annual 5.53% property growth over the last 5 years.

Over the longer term, Alfredton has seen property prices show investors a 24.04% return over the last 3 years. This is worse than over the last 12 months

At number 31 in a list of fastest selling suburbs, Alfredton is in the TOP 10% of suburbs in Australia with an average of days on market 34.7333 for properties listed there.

Alfredton is 54th on a list of best yielding suburbs for rents in VIC with a 5.28% return

Metrics i HOUSE UNIT
$478,975 $276,000
3.01% 6.98%
8.86% 12.65%
4.88% 5.53%
$395 $280
230 25
4.29% 5.28%
51.3969849246231 34.7333333333333

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), Very 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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