Suburb Profile Report for Miners Rest VIC (3352)

Miners Rest House: Median price $430,000, Annual capital growth 4.57%, Number of sales 76, Weekly median advertised rent $380

  • 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

Over the last year, property investments in Miners Rest, 3352 have given investors a capital gain of 6.17%. This compares favourably with the 2.87% for VIC as a whole.

While Miners Rest,3352 ranked number 296th in VIC for increase in median house value (annualised) increase, it is ranked 525th over the last 5 years.

Miners Rest, 3352 is offering VIC ‘s 463th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.

In the last year 76 properties changed hands in Miners Rest, which puts it as the 306th most active market in VIC when comparing the number of sales per suburb.

Using the current median advertised rental of $380 and the average annual increase in value of a median property of 4.57%, investors should hope to achieve an overall return of 4.60%

Metrics i HOUSE UNIT
$430,000 N/A
1.90% N/A
6.17% N/A
4.57% N/A
$380 N/A
76 N/A
4.60% N/A
56.0307692307692 N/A

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 : Good (H), Balanced (U)
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Demographics
Total population 2542
Median household income ($/weekly) 1483
Median age of persons 30
Median housing loan repayment ($/monthly) 1629
Average household size 2.8
  • Census Count Percent(%)
    0-4 years 271 10.7
    5-14 years 381 15.0
    25-34 years 535 21.0
    35-44 years 403 15.9
    45-54 years 295 11.6
    Others 657 25.8
    Age Group
    Census Count Percent(%)
    Registered Married 1005 56.9
    Not Married 521 29.5
    Defacto Relationship 239 13.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2314 94.0
    China 8 0.3
    Papua New Guinea 19 0.8
    United Kingdom 59 2.4
    Other 14 0.6
    Others 48 1.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 11 0.5
    Christianity 1697 72.1
    Islam 10 0.4
    Other Religious Groups 7 0.3
    No Religion 622 26.4
    Others 6 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 65 8.2
    $1,000-$1,249 87 11.0
    $1,250-$1,499 99 12.5
    $1,500-$1,999 156 19.8
    $2,000-$2,499 128 16.2
    Others 254 32.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 921 49.7
    Employed, worked part-time 433 23.4
    Not in the labour force 371 20.0
    Employed, away from work 83 4.5
    Unemployed, looking for work 45 2.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 266 18.5
    Technicians & trades workers 262 18.2
    Clerical & administrative workers 199 13.8
    Sales 156 10.9
    Labourers 167 11.6
    Others 387 26.9
    Occupation
    Census Count Percent(%)
    Pre-school 65 10.5
    Infants/Primary 258 41.7
    Secondary 166 26.8
    Technical or Further Educational Institution 45 7.3
    University or other Tertiary Institutions 74 12.0
    Others 11 1.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2423 99.4
    Semi-detached, row or terrace house, townhouse 9 0.4
    Flat, unit or apartment 3 0.1
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 557 64.5
    Fully owned 185 21.4
    Rented 119 13.8
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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