Suburb Profile Report for Ararat VIC (3377)

Ararat House: Median price $246,750, Annual capital growth 3.61%, Number of sales 178, Weekly median advertised rent $290

Ararat Unit: Median price $200,000, Annual capital growth 16.83%, Number of sales 19, Weekly median advertised rent $280

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

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

  • House Report
  • Unit Report

Property value increases in Ararat have tracked just higher than the VIC average of 9.37% over the last 12 months.

Taking the average capital gain, or increase in median house value, Ararat,3377 has racked up an average of 12.16% over the period. This ranks it number 648th in the whole country for real estate investors looking at median house price increases.

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.44% offered to property buyers. Sellers in Ararat itself are offering an average vendor discount of -4.11% to real estate investors.

Ararat is 15th on a list of best yielding suburbs for rents in VIC with a 6.11% return

Investment property in Ararat has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -3.38%

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

In the last year 19 properties changed hands in Ararat, which puts it as the 289th most active market in VIC when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$246,750 $200,000
0.71% 0.00%
12.16% -3.38%
3.61% 16.83%
$290 $280
178 19
6.11% 7.28%
80.3162393162393 66.25

Source: Monthly data update for Apr 2021 as supplied by CoreLogic. Data is reported to the period ending Jan 2021. 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 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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