Suburb Profile Report for Kerang VIC (3579)

Kerang House: Median price $230,000, Annual capital growth 4.97%, Number of sales 93, Weekly median advertised rent $250

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

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

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If you compare the increase in value of investment property in Kerang, 3579 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 37.31%.

When looking at the potential capital gains offered to property investors over the last 3 years, Kerang comes in at number 136th in VIC.

At number 86th of VIC’s most discounted properties, Kerang is in the bottom 20% of the state/territory when listing in order of most discounted to least.

Kerang, 3579’s gross rental yield is 5.65%

Metrics i HOUSE UNIT
$230,000 N/A
12.20% N/A
37.31% N/A
4.97% N/A
$250 N/A
93 N/A
5.65% N/A
130.21052631579 N/A

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

DSR Score for property investment : Above average (H), Above average (U)
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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
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 722 47.3
    Rented 409 26.8
    Being purchased 386 25.3
    Other tenure type 8 0.5
    Tenure Type
Census 2011, ABS
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