Suburb Profile Report for Mount Clear VIC (3350)

Mount Clear House: Median price $412,900, Annual capital growth 4.32%, Number of sales 65, Weekly median advertised rent $360

Mount Clear Unit: Median price $311,000, Annual capital growth 6.03%, Number of sales 10, Weekly median advertised rent $310

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

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property value increases in Mount Clear have tracked close to the VIC average of 8.39% over the last 12 months.

Mount Clear,3350 has offered an average of 7.25% return per annum in house price rises to property investors over the last three years.

Mount Clear, 3350 is offering VIC ‘s 444th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.

Property investors should expect to get $360 weekly from the median priced house in this suburb.

At number 170th in the list of Australian suburbs ordered by increase in median house value over the last year, Mount Clear, 3350 is in the top 20% with a property value increase of 16.04% recorded in median house prices.

If we look at median property appreciation over just the last three months, Mount Clear has given property investors a paper return of 8.36%. This puts Suburb as 23 on a list of fastest fasting appreciating suburbs in VIC

Metrics i HOUSE UNIT
$412,900 $311,000
-2.27% 8.36%
7.25% 16.04%
4.32% 6.03%
$360 $310
65 10
4.53% 5.18%
42.6981132075472 78.1818181818182

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 2905
Median household income ($/weekly) 1106
Median age of persons 35
Median housing loan repayment ($/monthly) 1500
Average household size 2.5
  • Census Count Percent(%)
    20-24 years 344 11.8
    25-34 years 390 13.4
    35-44 years 334 11.5
    45-54 years 364 12.5
    55-64 years 361 12.4
    Others 1111 38.3
    Age Group
    Census Count Percent(%)
    Registered Married 1005 46.5
    Not Married 949 43.9
    Defacto Relationship 207 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 2482 89.3
    Croatia 28 1.0
    Indonesia 29 1.0
    United Kingdom 79 2.8
    Other 61 2.2
    Others 101 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 19 0.7
    Christianity 1741 65.9
    Hinduism 19 0.7
    Islam 20 0.8
    No Religion 822 31.1
    Others 19 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 115 11.5
    $600-$799 109 10.9
    $800-$999 101 10.1
    $1,500-$1,999 137 13.7
    $2,000-$2,499 98 9.8
    Others 438 43.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 814 35.2
    Not in the labour force 794 34.4
    Employed, worked part-time 504 21.8
    Unemployed, looking for work 105 4.5
    Employed, away from work 94 4.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 339 24.0
    Technicians & trades workers 206 14.6
    Community & personal service workers 172 12.2
    Clerical & administrative workers 199 14.1
    Sales 149 10.6
    Others 345 24.5
    Occupation
    Census Count Percent(%)
    Pre-school 38 4.7
    Infants/Primary 197 24.5
    Secondary 189 23.5
    Technical or Further Educational Institution 48 6.0
    University or other Tertiary Institutions 306 38.0
    Others 27 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2421 90.4
    Semi-detached, row or terrace house, townhouse 243 9.1
    Flat, unit or apartment 13 0.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 359 33.3
    Being purchased 358 33.2
    Fully owned 357 33.1
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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