Suburb Profile Report for Alfredton VIC (3350)

Alfredton House: Median price $415,000, Annual capital growth 3.15%, Number of sales 234, Weekly median advertised rent $350

Alfredton Unit: Median price $210,000, Annual capital growth 4.37%, Number of sales 17, Weekly median advertised rent $243

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

Giving property investors a an unimpressive capital gain of 1.22% for the last year, Alfredton, 3350 is the 2540th highest performer in Australia in this respect.

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.

Vendor discounting in Alfredton is giving property investors an average Vendor Discount of around -3.64%. This puts suburb at number 512th in VIC when ranking the most discounted suburbs.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

VIC has seen average median house prices change by 7.50% which means that Alfredton, 3350 has done well for property investors by showing a capital gain of -11.60% 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 fallen somewhat when compared to the 5 year average annual rate.

Property investors looking for a bargain in Alfredton should be aiming for at least -5.93% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Alfredton being $210000 and the advertised rent reaching $242.5 the gross rental yield for property investors calculates out to be 6.00%

Metrics i HOUSE UNIT
$415,000 $210,000
0.00% 2.44%
1.22% -11.60%
3.15% 4.37%
$350 $243
234 17
4.39% 6.00%
59.69 121.26

Source: CoreLogic

DSR Score for property investment : 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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