Suburb Profile Report for Riddells Creek VIC (3431)

Riddells Creek House: Median price $565,000, Annual capital growth 6.52%, Number of sales 40, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report

Riddells Creek, 3431 ranked 53th in VIC when comparing growth in median property values or capital gain over the last 12 months. Riddells Creek is one of 2098 in our list for VIC

The five-year average increase in median property values for Riddells Creek,3431 has given property investors a potential capital gain of 50.67% across each of those five years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.00% offered to property buyers. Sellers in Riddells Creek itself are offering an average vendor discount of -2.83% to real estate investors.

Residents and property investors in Riddells Creek have been waiting around 38.65 days to sell a property.

With the median price for a house in Riddells Creek being $565000 and the advertised rent reaching $380 the gross rental yield for property investors calculates out to be 3.50%

Metrics i HOUSE UNIT
$565,000 N/A
10.24% N/A
25.56% N/A
6.52% N/A
$380 N/A
40 N/A
3.50% N/A
38.65 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3752
Median household income ($/weekly) 1637
Median age of persons 39
Median housing loan repayment ($/monthly) 1733
Average household size 3
  • Census Count Percent(%)
    5-14 years 580 15.5
    25-34 years 313 8.3
    35-44 years 556 14.8
    45-54 years 663 17.7
    55-64 years 540 14.4
    Others 1102 29.4
    Age Group
    Census Count Percent(%)
    Registered Married 1589 57.9
    Not Married 893 32.5
    Defacto Relationship 264 9.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 3230 88.0
    Greece 28 0.8
    Papua New Guinea 41 1.1
    United Kingdom 229 6.2
    Other 39 1.1
    Others 105 2.9
    Country of Birth
    Census Count Percent(%)
    Christianity 2341 67.1
    No Religion 1118 32.0
    Buddhism 16 0.5
    Islam 7 0.2
    Other Religious Groups 7 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 99 8.9
    $1,250-$1,499 99 8.9
    $1,500-$1,999 182 16.4
    $2,000-$2,499 146 13.1
    $2,500-$2,999 130 11.7
    Others 457 41.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1241 43.1
    Not in the labour force 764 26.5
    Employed, worked part-time 685 23.8
    Employed, away from work 133 4.6
    Unemployed, looking for work 57 2.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 249 12.1
    Professionals 399 19.4
    Technicians & trades workers 404 19.7
    Community & personal service workers 223 10.9
    Clerical & administrative workers 300 14.6
    Others 478 23.3
    Occupation
    Census Count Percent(%)
    Pre-school 75 7.3
    Infants/Primary 386 37.7
    Secondary 300 29.3
    Technical or Further Educational Institution 101 9.9
    University or other Tertiary Institutions 130 12.7
    Others 32 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3523 98.2
    Flat, unit or apartment 60 1.7
    Improvised home, tent, sleepers out 5 0.1
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 659 53.8
    Fully owned 456 37.3
    Rented 102 8.3
    Other tenure type 7 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals