Suburb Profile Report for Nhill VIC (3418)

Nhill House: Median price $110,000, Annual capital growth 1.70%, Number of sales 39, Weekly median advertised rent $240

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

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Property investors who have had real estate in Nhill, 3418 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -31.68%

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

A $240 per week rent on the median house gives suburb investors a gross yield of circa 11.35%, without taking into account capital value appreciation, which has been averaging out at 1.70%.

Metrics i HOUSE UNIT
$110,000 N/A
-6.78% N/A
-31.68% N/A
1.70% N/A
$240 N/A
39 N/A
11.35% N/A
70.5882352941177 N/A

Source: Monthly data update for Sep 2020 as supplied by CoreLogic. Data is reported to the period ending Jun 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 2277
Median household income ($/weekly) 881
Median age of persons 46
Median housing loan repayment ($/monthly) 817
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 275 12.1
    35-44 years 282 12.4
    45-54 years 313 13.7
    55-64 years 267 11.7
    65-74 years 281 12.3
    Others 860 37.8
    Age Group
    Census Count Percent(%)
    Registered Married 939 55.5
    Not Married 666 39.4
    Defacto Relationship 87 5.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 2014 91.4
    Indonesia 28 1.3
    South Africa 21 1.0
    United Kingdom 32 1.5
    Other 63 2.9
    Others 45 2.0
    Country of Birth
    Census Count Percent(%)
    Christianity 1740 81.5
    No Religion 344 16.1
    Buddhism 23 1.1
    Islam 16 0.7
    Hinduism 11 0.5
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 135 15.8
    $600-$799 121 14.2
    $800-$999 101 11.8
    $1,000-$1,249 90 10.6
    $1,500-$1,999 85 10.0
    Others 321 37.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 749 40.7
    Employed, worked full-time 662 36.0
    Employed, worked part-time 339 18.4
    Employed, away from work 66 3.6
    Unemployed, looking for work 25 1.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 226 21.2
    Professionals 141 13.2
    Technicians & trades workers 124 11.6
    Clerical & administrative workers 116 10.9
    Labourers 207 19.4
    Others 251 23.6
    Occupation
    Census Count Percent(%)
    Infants/Primary 178 40.8
    Secondary 171 39.2
    Technical or Further Educational Institution 26 6.0
    University or other Tertiary Institutions 20 4.6
    Other type of educational institution 26 6.0
    Others 15 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2016 95.5
    Flat, unit or apartment 83 3.9
    Caravan, cabin, houseboat 5 0.2
    Semi-detached, row or terrace house, townhouse 3 0.1
    House or flat attached to a shop, office 3 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 484 53.5
    Being purchased 220 24.3
    Rented 190 21.0
    Other tenure type 11 1.2
    Tenure Type
Census 2011, ABS
Chart Table