Suburb Profile Report for Ararat VIC (3377)

Ararat House: Median price $217,750, Annual capital growth 4.42%, Number of sales 170, Weekly median advertised rent $290

Ararat Unit: Median price $186,250, Annual capital growth 15.12%, Number of sales 14, Weekly median advertised rent $248

  • 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

Property investors who have had real estate in Ararat, 3377 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.67%

Comparing Ararat,3377 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Property investors looking for a bargain in Ararat should be aiming for at least -5.52% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 170 properties changed hands in Ararat, which puts it as the 118th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Ararat being $217750 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 6.93%

Across a shorter period, Ararat, 3377 has seen a median price increase of 0.00% over the last quarter.

Advertised rents are around the $247.5 mark per week – giving a return of 6.91% based on the median price in Suburb

Metrics i HOUSE UNIT
$217,750 $186,250
1.28% 0.00%
11.67% N/A
4.42% 15.12%
$290 $248
170 14
6.93% 6.91%
81.1774193548387 N/A

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 : Balanced (H), Balanced (U)
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Demographics
Total population 8076
Median household income ($/weekly) 851
Median age of persons 43
Median housing loan repayment ($/monthly) 1000
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 968 12.0
    35-44 years 1036 12.8
    45-54 years 1139 14.1
    55-64 years 1097 13.6
    65-74 years 822 10.2
    Others 3014 37.3
    Age Group
    Census Count Percent(%)
    Registered Married 2668 48.0
    Not Married 2334 42.0
    Defacto Relationship 554 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 7020 90.8
    Papua New Guinea 121 1.6
    Philippines 39 0.5
    United Kingdom 197 2.5
    Other 101 1.3
    Others 250 3.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 42 0.6
    Christianity 4787 68.5
    Hinduism 19 0.3
    Islam 36 0.5
    No Religion 2079 29.8
    Others 25 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 299 10.9
    $400-$599 425 15.5
    $600-$799 392 14.3
    $800-$999 299 10.9
    $1,500-$1,999 279 10.1
    Others 1055 38.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2900 45.9
    Employed, worked full-time 1962 31.1
    Employed, worked part-time 1092 17.3
    Employed, away from work 226 3.6
    Unemployed, looking for work 136 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 373 11.4
    Professionals 406 12.4
    Technicians & trades workers 454 13.8
    Community & personal service workers 539 16.4
    Labourers 587 17.9
    Others 919 28.0
    Occupation
    Census Count Percent(%)
    Pre-school 129 8.7
    Infants/Primary 603 40.4
    Secondary 494 33.1
    Technical or Further Educational Institution 113 7.6
    University or other Tertiary Institutions 108 7.2
    Others 44 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 6682 94.3
    Flat, unit or apartment 244 3.4
    Semi-detached, row or terrace house, townhouse 102 1.4
    House or flat attached to a shop, office 31 0.4
    Caravan, cabin, houseboat 28 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1231 41.6
    Being purchased 941 31.8
    Rented 768 25.9
    Other tenure type 21 0.7
    Tenure Type
Census 2011, ABS
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