Suburb Profile Report for Quarry Hill VIC (3550)

Quarry Hill House: Median price $401,000, Annual capital growth 5.82%, Number of sales 45, Weekly median advertised rent $305

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

Quarry Hill is in the TOP 30% in VIC when comparing median price capital growth over the last year. Quarry Hill gave property investors a good capital gain figure when compared to the rest of the state, with 14.74%.

The five-year average increase in median property values for Quarry Hill,3550 has given property investors a potential capital gain of 21.52% 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 -5.19% offered to property buyers. Sellers in Quarry Hill itself are offering an average vendor discount of -5.60% to real estate investors.

In the last year 45 properties changed hands in Quarry Hill, which puts it as the 436th most active market in VIC when comparing the number of sales per suburb.

Advertised rents are around the $305 mark per week – giving a return of 3.96% based on the median price in Suburb

Metrics i HOUSE UNIT
$401,000 N/A
11.85% N/A
14.74% N/A
5.82% N/A
$305 N/A
45 N/A
3.96% N/A
104.76 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 2339
Median household income ($/weekly) 1186
Median age of persons 34
Median housing loan repayment ($/monthly) 1207
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 293 12.5
    25-34 years 309 13.2
    35-44 years 336 14.4
    45-54 years 311 13.3
    55-64 years 244 10.4
    Others 846 36.2
    Age Group
    Census Count Percent(%)
    Not Married 745 44.4
    Registered Married 732 43.6
    Defacto Relationship 200 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2051 93.2
    Croatia 8 0.4
    Papua New Guinea 11 0.5
    United Kingdom 49 2.2
    Other 16 0.7
    Others 65 3.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 1.9
    Christianity 1359 64.1
    Islam 6 0.3
    Other Religious Groups 13 0.6
    No Religion 696 32.8
    Others 6 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 86 10.4
    $800-$999 96 11.6
    $1,000-$1,249 85 10.3
    $1,250-$1,499 80 9.7
    $1,500-$1,999 117 14.1
    Others 363 43.9
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 666 37.6
    Not in the labour force 520 29.4
    Employed, worked part-time 452 25.5
    Employed, away from work 74 4.2
    Unemployed, looking for work 59 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 136 11.4
    Professionals 333 27.9
    Technicians & trades workers 163 13.7
    Community & personal service workers 146 12.2
    Clerical & administrative workers 155 13.0
    Others 261 21.9
    Occupation
    Census Count Percent(%)
    Pre-school 47 7.5
    Infants/Primary 195 31.3
    Secondary 140 22.4
    Technical or Further Educational Institution 51 8.2
    University or other Tertiary Institutions 177 28.4
    Others 14 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1990 91.6
    Flat, unit or apartment 149 6.9
    Semi-detached, row or terrace house, townhouse 21 1.0
    House or flat attached to a shop, office 12 0.6
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 324 36.4
    Being purchased 286 32.2
    Fully owned 279 31.4
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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