Suburb Profile Report for Kerang VIC (3579)

Kerang House: Median price $178,500, Annual capital growth 2.27%, Number of sales 68, Weekly median advertised rent $220

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

Are you moving house? Our tip: move your mortgage too.

House Report

Property investors who have had real estate in Kerang, 3579 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.48%

Over the longer term, Kerang has seen property prices show investors a 19.00% return over the last 3 years. This is worse than over the last 12 months

Kerang, 3579 is offering VIC ‘s 50th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.

In the last year 68 properties changed hands in Kerang, which puts it as the 326th most active market in VIC when comparing the number of sales per suburb.

Kerang, 3579’s gross rental yield is 6.41%

Metrics	HOUSE	UNIT
Median price	$178,500	N/A
Quarterly growth	2.00%	N/A
12-month growth	3.48%	N/A
Average Annual Growth	2.27%	N/A
Weekly median advertised rent	$220	N/A
Number of sales	68	N/A
Gross rental yield	6.41%	N/A
Days on market	155.366666666667	N/A

Your estimated repayment
$690.62/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 : Balanced (H), Below average (U)

Find another suburb

Find a mortgage broker in Kerang VIC

Demographics

Total population	3872
Median household income ($/weekly)	733
Median age of persons	47
Median housing loan repayment ($/monthly)	867
Average household size	2.2

Census	Count	Percent(%)
5-14 years	477	12.3
35-44 years	403	10.4
45-54 years	492	12.7
55-64 years	519	13.4
65-74 years	461	11.9
Others	1520	39.3

Age Group

Census	Count	Percent(%)
Registered Married	1399	50.3
Not Married	1176	42.3
Defacto Relationship	207	7.4

Social Marital Status

Census	Count	Percent(%)
Australia	3382	93.9
Papua New Guinea	23	0.6
South Africa	25	0.7
United Kingdom	65	1.8
Other	24	0.7
Others	82	2.3

Country of Birth

Census	Count	Percent(%)
Buddhism	21	0.6
Christianity	2563	74.2
Hinduism	3	0.1
Islam	3	0.1
No Religion	862	24.9
Others	3	0.1

Religious Affiliation

Census	Count	Percent(%)
$300-$399	210	14.8
$400-$599	263	18.5
$600-$799	196	13.8
$800-$999	147	10.4
$1,000-$1,249	149	10.5
Others	455	32.0

Gross Household Income (Weekly)

Census	Count	Percent(%)
Not in the labour force	1364	46.1
Employed, worked full-time	888	30.0
Employed, worked part-time	542	18.3
Employed, away from work	96	3.2
Unemployed, looking for work	71	2.4

Person Characteristics

Census	Count	Percent(%)
Managers	214	14.0
Professionals	237	15.5
Technicians & trades workers	210	13.8
Clerical & administrative workers	178	11.7
Labourers	193	12.7
Others	493	32.3

Occupation

Census	Count	Percent(%)
Pre-school	46	6.7
Infants/Primary	296	42.9
Secondary	260	37.7
Technical or Further Educational Institution	46	6.7
University or other Tertiary Institutions	29	4.2
Others	13	1.9

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	3272	93.1
Flat, unit or apartment	140	4.0
Semi-detached, row or terrace house, townhouse	45	1.3
Caravan, cabin, houseboat	29	0.8
House or flat attached to a shop, office	29	0.8
Others	0	0.0