Suburb Profile Report for Avoca VIC (3467)

Avoca House: Median price $215,000, Annual capital growth 5.79%, Number of sales 19, Weekly median advertised rent $240

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report

VIC has seen average median house prices change by -1.69% which means that Avoca, 3467 has not done well for property investors by showing a capital gain of 7.50% over the last year

Avoca,3467 was ranked 3565 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -8.56% to buyers in Avoca at the moment, which is less than average for the rest of VIC.

Advertised rents are around the $240 mark per week – giving a return of 5.80% based on the median price in Suburb

Metrics	HOUSE	UNIT
Median price	$215,000	N/A
Quarterly growth	-4.44%	N/A
12-month growth	7.50%	N/A
Average Annual Growth	5.79%	N/A
Weekly median advertised rent	$240	N/A
Number of sales	19	N/A
Gross rental yield	5.80%	N/A
Days on market	58	N/A

Your estimated repayment
$831.84/monthDo you qualify?

Based on the median price for this suburb and an 80% LVR loan over 25 yrs with 3.18% interest rate.

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