Suburb Profile Report for Avoca VIC (3467)

Avoca House: Median price $257,500, Annual capital growth 6.85%, Number of sales 24, Weekly median advertised rent N/A

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

Avoca has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 37.70% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Avoca comes in at number 98th in VIC.

Our latest figures would indicate that property sellers in Avoca are currently offering property investors an average price cut of -6.75% below the asking price at the moment.

Metrics	HOUSE	UNIT
Median price	$257,500	N/A
Quarterly growth	11.96%	N/A
12-month growth	37.70%	N/A
Average Annual Growth	6.85%	N/A
Weekly median advertised rent	N/A	N/A
Number of sales	24	N/A
Gross rental yield	N/A	N/A
Days on market	158.111111111111	N/A

DSR Score for property investment : Above average (H), Above average (U)

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Demographics

Total population	1263
Median household income ($/weekly)	620
Median age of persons	49
Median housing loan repayment ($/monthly)	1009
Average household size	2.2

Census	Count	Percent(%)
5-14 years	148	11.7
35-44 years	152	12.0
45-54 years	144	11.4
55-64 years	226	17.9
65-74 years	185	14.6
Others	408	32.3

Age Group

Census	Count	Percent(%)
Registered Married	483	52.0
Not Married	363	39.1
Defacto Relationship	83	8.9

Social Marital Status

Census	Count	Percent(%)
Australia	1112	91.4
China	5	0.4
Malta	5	0.4
United Kingdom	62	5.1
Other	9	0.7
Others	23	1.9

Country of Birth

Census	Count	Percent(%)
Buddhism	10	0.9
Christianity	837	72.4
Hinduism	3	0.3
Other Religious Groups	14	1.2
No Religion	289	25.0
Others	3	0.3

Religious Affiliation

Census	Count	Percent(%)
$300-$399	70	15.0
$400-$599	103	22.1
$600-$799	68	14.6
$800-$999	57	12.2
$1,000-$1,249	36	7.7
Others	133	28.5

Gross Household Income (Weekly)

Census	Count	Percent(%)
Not in the labour force	522	51.7
Employed, worked full-time	263	26.1
Employed, worked part-time	163	16.2
Employed, away from work	33	3.3
Unemployed, looking for work	28	2.8

Person Characteristics

Census	Count	Percent(%)
Managers	83	18.1
Professionals	54	11.8
Technicians & trades workers	65	14.2
Community & personal service workers	57	12.4
Labourers	74	16.1
Others	126	27.5

Occupation

Census	Count	Percent(%)
Pre-school	23	9.2
Infants/Primary	98	39.0
Secondary	89	35.5
Technical or Further Educational Institution	15	6.0
University or other Tertiary Institutions	20	8.0
Others	6	2.4

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	1110	96.0
Caravan, cabin, houseboat	15	1.3
House or flat attached to a shop, office	14	1.2
Flat, unit or apartment	12	1.0
Semi-detached, row or terrace house, townhouse	5	0.4
Others	0	0.0