Suburb Profile Report for Echuca VIC (3564)

Echuca House: Median price $360,000, Annual capital growth 3.47%, Number of sales 186, Weekly median advertised rent $360

Echuca Unit: Median price $255,500, Annual capital growth 2.64%, Number of sales 53, Weekly median advertised rent $280

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

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

  • Expert Report
  • House Report
  • Unit Report

Investment property in Echuca has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -2.70%

Across a shorter period, Echuca, 3564 has seen a median price increase of -2.70% over the last quarter.

Echuca, 3564 is offering VIC ‘s 460th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.

Echuca, 3564 ranked 321th in VIC when comparing growth in median property values or capital gain over the last 12 months. Echuca is one of 2099 in our list for VIC

The five-year average increase in median property values for Echuca,3564 has given property investors a potential capital gain of 6.46% across each of those five years.

Echuca, 3564 is offering VIC ‘s 177th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.

Situated 187.63km from the CBD, Echuca is one of Campaspe (S) localities in the postcode 3564.

Andrew Lochhead Information supplied by:

Andrew Lochhead
Century 21

M (03) 5482 3433
O 0406 403 433

W http://www.century21.com.au/echuca/
E [email protected]
Selling points: 
Echuca's warm climate and its location along the Murray River, lined with parks and native forests, makes it a fantastic place to call home, with swimming, water skiing and fishing being popular activities. The Port Of Echuca tourist attraction including working paddle steamers and wharf area, creates a vibrant and energetic living environment that will have you feeling like you’re always on holidays. Partnering outstanding restaurants, cafes, shops and hotels with great weather year round, makes Echuca the perfect place to call home.
 
Most sought-after properties: 
As Echuca is a town with great community spirit, making it an ideal location to raise a family. For this reason the most sort after properties are family homes. Those wishing to spend higher amounts are looking for family homes with modern fixtures and fittings, as well as sizeable yards. Home buyers looking at the lower price bracket are searching for family homes with renovation potential.
 
Most common properties:  
Common properties in Echuca vary depending on the location you are looking in. If you are looking in the central, south or east of Echuca you will commonly find both brick veneer and weatherboard family homes featuring 3 to 4 bedrooms. It is also common to find 2 to 3 bedroom units, ideal for people wanting to enter the property market, purchase an investment property or downsize. Moving to the outer regions of Echuca you will find the newer estates consisting of modern family homes with sizeable yards.
 
Top amenities: 
Echuca has many well regarded public and private schools, providing high quality education for your children. With the high number of tourists visiting the town each year, Echuca has many shops, cafes, hotels and supermarkets that can service all your needs. If keeping active is your thing, Echuca has many sporting facilities, parks and walking tracks that can be taken advantage of. Step back in time as you enter the Port Of Echuca, complete with historic buildings, traditional shops and cafes, working paddle steamers and the opportunity to take a ride on a horse drawn carriage.
 
Local industry and business:
Residents of Echuca either work within the local community or commute to other towns within the region. Local traders include shop owners and staff, ranging from cafes, shops and banks, as well as many hospitality employees catering for the tourist market. With the growth of the town in recent years, this has provided ample work opportunities for tradesman as well. Surrounded by a large farming region and being part of the ‘food bowl’ provides a great opportunity for members of the community to work in the farming industry. Fonterra, Heinz and Kagome factories in town provide great employment opportunities for the community.
 
Recent changes: 
The Echuca hospital is receiving a $65.6 million redevelopment that will provide members of Echuca community and their families with brand new surgical, paediatric and maternity wards, new Emergency Department and Radiology Department together with a range of both new and expanded services. 
The Port Of Echuca is experiencing a multimillion dollar revitalisation project, designed to increase tourism by an additional 22,000 visitors per year, as well as securing jobs for members of the community. 
 
Best streets:
The best areas to buy are in central Echuca and the North of Echuca, known as the Port Precinct. These are the most sought after locations because of their close proximity to the Echuca CBD, the tourist centre, sporting facilities and the Murray River. Hot streets within these areas include Watson, Dickson, Crofton, Connelly, Henry, Landsborough, Yarra, Murray, Francis and Hopwood.
 
Public transport: 
Echuca has a 3 regular bus services that travel throughout the town and surrounding area. Commencing at the bus terminal in Hare Street, Echuca, buses travel to the east, south, west and central areas of Echuca, as well as across the Murray River to the township of Moama. With regular services and easy to read timetables, public transport in Echuca is highly beneficial for those living in the town.
 
Main arteries: 
Echuca’s main central business district is situated along Hare Street and spreads out into Pakenham Street and other side streets. It consists of a mix of commercial shops, cafes, hotels, supermarkets, banks, churches and historic buildings such as the former post office with its distinctive clock tower built in 1870.
If you’re looking for the tourist hub of Echuca, drive along High Street, both North and South of Heygarth Street. Southbound along High Street you will find motels, churches, cinema and supermarket. Heading North you’ll enter the historic port precinct complete with historic buildings housing a range of hotels, eateries and speciality shops.
Metrics i HOUSE UNIT
$360,000 $255,500
-2.70% 0.20%
-2.70% -5.02%
3.47% 2.64%
$360 $280
186 53
5.20% 5.70%
76.5474452554745 102.259259259259

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

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Echuca VIC
Demographics
Total population 13707
Median household income ($/weekly) 927
Median age of persons 40
Median housing loan repayment ($/monthly) 1500
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1954 14.3
    25-34 years 1379 10.1
    35-44 years 1804 13.2
    45-54 years 1895 13.8
    55-64 years 1644 12.0
    Others 5031 36.7
    Age Group
    Census Count Percent(%)
    Registered Married 4729 49.4
    Not Married 3821 39.9
    Defacto Relationship 1022 10.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 12095 93.7
    Japan 40 0.3
    Papua New Guinea 143 1.1
    United Kingdom 292 2.3
    Other 71 0.6
    Others 266 2.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 49 0.4
    Christianity 8931 73.1
    Islam 10 0.1
    Other Religious Groups 31 0.3
    No Religion 3181 26.0
    Others 19 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 461 9.9
    $400-$599 687 14.8
    $600-$799 536 11.6
    $800-$999 520 11.2
    $1,500-$1,999 531 11.4
    Others 1904 41.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3940 38.4
    Employed, worked full-time 3598 35.1
    Employed, worked part-time 2009 19.6
    Employed, away from work 422 4.1
    Unemployed, looking for work 284 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 740 12.3
    Professionals 905 15.0
    Technicians & trades workers 943 15.6
    Community & personal service workers 718 11.9
    Labourers 827 13.7
    Others 1894 31.4
    Occupation
    Census Count Percent(%)
    Pre-school 202 7.0
    Infants/Primary 1191 41.3
    Secondary 907 31.4
    Technical or Further Educational Institution 292 10.1
    University or other Tertiary Institutions 192 6.7
    Others 101 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10945 87.9
    Flat, unit or apartment 1014 8.1
    Semi-detached, row or terrace house, townhouse 428 3.4
    Caravan, cabin, houseboat 42 0.3
    House or flat attached to a shop, office 16 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1757 34.7
    Being purchased 1629 32.2
    Rented 1621 32.0
    Other tenure type 57 1.1
    Tenure Type
Census 2011, ABS
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