Suburb Profile Report for Kerang VIC (3579)

Kerang House: Median price $168,000, Annual capital growth 1.71%, Number of sales 79, Weekly median advertised rent $230

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

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House Report

At number 3291th in the list of Australian suburbs ordered by increase in median house value over the last year, Kerang, 3579 is in the BOTTOM 20% with a property value increase of -4.00% recorded in median house prices.

If we look at median property appreciation over just the last three months, Kerang has given property investors a paper return of 0.60%. This puts Suburb as 427 on a list of fastest fasting appreciating suburbs in VIC

Property investors looking for a bargain in Kerang should be aiming for at least -9.54% off the asking price, which is the average vendor discount being achieved at the moment.

The VIC suburb of Kerang, 3579 is in the Gannawarra (S) local government area.

Metrics	HOUSE	UNIT
Median price	$168,000	N/A
Quarterly growth	0.60%	N/A
12-month growth	-4.00%	N/A
Average Annual Growth	1.71%	N/A
Weekly median advertised rent	$230	N/A
Number of sales	79	N/A
Gross rental yield	7.12%	N/A
Days on market	123.06	N/A

DSR Score for property investment : Balanced (H), Below 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