Suburb Profile Report for Mount Clear VIC (3350)

Mount Clear House: Median price $380,000, Annual capital growth 5.13%, Number of sales 81, Weekly median advertised rent $360

Mount Clear Unit: Median price $256,000, Annual capital growth 3.53%, Number of sales 14, Weekly median advertised rent $270

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

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

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 3.83% for the last year, Mount Clear, 3350 is the 1093th highest performer in Australia in this respect.

When looking at the potential capital gains offered to property investors over the last 3 years, Mount Clear comes in at number 371th in VIC.

Vendor discounting in Mount Clear is giving property investors an average Vendor Discount of around -5.86%. This puts suburb at number 412th in VIC when ranking the most discounted suburbs.

On average over the past year, suburb has had 6.75 sales per month, which equates to 81 per year.

Mount Clear, 3350’s gross rental yield is 4.93%

Mount Clear has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -9.38% to date .

Across a shorter period, Mount Clear, 3350 has seen a median price increase of -0.39% over the last quarter.

Our latest figures would indicate that property sellers in Mount Clear are currently offering property investors an average price cut of -2.55% below the asking price at the moment.

Residents and property investors in Mount Clear have been waiting around 39.5294 days to sell a property.

Renters in Suburb are facing rents around $14040 per annum or $270 every week.

Metrics i HOUSE UNIT
$380,000 $256,000
0.00% -0.39%
3.83% -9.38%
5.13% 3.53%
$360 $270
81 14
4.93% 5.48%
55.6578947368421 39.5294117647059

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

DSR Score for property investment : 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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