Suburb Profile Report for Mount Pleasant VIC (3350)

Mount Pleasant House: Median price $288,595, Annual capital growth 4.37%, Number of sales 53, Weekly median advertised rent $290

Mount Pleasant Unit: Median price $267,500, Annual capital growth N/A, Number of sales 23, Weekly median advertised rent $288

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

Source: CoreLogic

  • House Report
  • Unit Report

Mount Pleasant is in the bottom 10% in VIC when comparing median price capital growth over the last year. Mount Pleasant gave property investors a dismal capital gain figure when compared to the rest of the state, with -7.50%.

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

Mount Pleasant3350 is located in VIC which offers an average discount of -5.08% to property investors. Mount Pleasant itself is showing figures that indicate -6.15% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Mount Pleasant the average time real estate has been on the market is 54.51 days.

Mount Pleasant, 3350’s gross rental yield is 5.23%

The five-year average increase in median property values for Mount Pleasant,3350 has given property investors a potential capital gain of 52.86% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that Mount Pleasant is offering property investors an average of -4.70. This rate of discount on properties puts Suburb at number 43th in terms of most discounted suburbs in VIC

Residents and property investors in Mount Pleasant have been waiting around 136.63 days to sell a property.

Mount Pleasant, 3350’s gross rental yield is 5.59%

Metrics i HOUSE UNIT
$288,595 $267,500
-1.54% 0.47%
-7.50% N/A
4.37% N/A
$290 $288
53 23
5.23% 5.59%
54.51 136.63

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 2122
Median household income ($/weekly) 905
Median age of persons 31
Median housing loan repayment ($/monthly) 1127
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 299 14.1
    20-24 years 214 10.1
    25-34 years 290 13.7
    35-44 years 292 13.8
    45-54 years 261 12.3
    Others 766 36.1
    Age Group
    Census Count Percent(%)
    Not Married 770 50.8
    Registered Married 566 37.3
    Defacto Relationship 181 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 1801 91.0
    Croatia 17 0.9
    Papua New Guinea 18 0.9
    United Kingdom 53 2.7
    Other 45 2.3
    Others 45 2.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 14 0.7
    Christianity 1170 62.2
    Islam 11 0.6
    Other Religious Groups 7 0.4
    No Religion 669 35.6
    Others 9 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 106 14.3
    $600-$799 101 13.6
    $800-$999 94 12.7
    $1,000-$1,249 84 11.3
    $1,500-$1,999 90 12.1
    Others 267 36.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 588 37.8
    Employed, worked full-time 501 32.2
    Employed, worked part-time 334 21.5
    Unemployed, looking for work 79 5.1
    Employed, away from work 54 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 184 20.6
    Technicians & trades workers 146 16.4
    Community & personal service workers 108 12.1
    Clerical & administrative workers 107 12.0
    Labourers 105 11.8
    Others 242 27.1
    Occupation
    Census Count Percent(%)
    Pre-school 37 6.2
    Infants/Primary 191 32.1
    Secondary 148 24.9
    Technical or Further Educational Institution 51 8.6
    University or other Tertiary Institutions 147 24.7
    Others 21 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1817 90.9
    Semi-detached, row or terrace house, townhouse 146 7.3
    Flat, unit or apartment 35 1.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 300 37.7
    Being purchased 269 33.8
    Fully owned 223 28.1
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals