Suburb Profile Report for Koondrook VIC (3580)

Koondrook House: Median price $220,000, Annual capital growth 13.31%, Number of sales 21, Weekly median advertised rent N/A

  • 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.

  • House Report

If you compare the increase in value of investment property in Koondrook, 3580 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -16.98%.

If we look at median property appreciation over just the last three months, Koondrook has given property investors a paper return of -7.95%. This puts Suburb as 678 on a list of fastest fasting appreciating suburbs in VIC

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.90% offered to property buyers. Sellers in Koondrook itself are offering an average vendor discount of -7.05% to real estate investors.

Metrics i HOUSE UNIT
$220,000 N/A
-7.95% N/A
-16.98% N/A
13.31% N/A
N/A N/A
21 N/A
N/A N/A
110.529411764706 N/A

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.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 1094
Median household income ($/weekly) 714
Median age of persons 50
Median housing loan repayment ($/monthly) 1192
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 124 11.3
    35-44 years 101 9.2
    45-54 years 159 14.5
    55-64 years 198 18.1
    65-74 years 180 16.4
    Others 333 30.4
    Age Group
    Census Count Percent(%)
    Registered Married 447 55.4
    Not Married 277 34.3
    Defacto Relationship 83 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 987 94.8
    New Zealand 5 0.5
    Papua New Guinea 8 0.8
    United Kingdom 16 1.5
    Other 6 0.6
    Others 19 1.8
    Country of Birth
    Census Count Percent(%)
    Christianity 681 69.3
    No Religion 295 30.0
    Buddhism 6 0.6
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 46 11.4
    $400-$599 70 17.4
    $600-$799 54 13.4
    $800-$999 55 13.6
    $1,000-$1,249 46 11.4
    Others 132 32.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 376 43.8
    Employed, worked full-time 269 31.3
    Employed, worked part-time 165 19.2
    Employed, away from work 29 3.4
    Unemployed, looking for work 20 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 97 20.8
    Technicians & trades workers 69 14.8
    Community & personal service workers 50 10.7
    Machinery operators & drivers 41 8.8
    Labourers 85 18.2
    Others 124 26.6
    Occupation
    Census Count Percent(%)
    Pre-school 19 10.1
    Infants/Primary 79 41.8
    Secondary 67 35.4
    Technical or Further Educational Institution 11 5.8
    University or other Tertiary Institutions 9 4.8
    Others 4 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 977 97.8
    Flat, unit or apartment 9 0.9
    House or flat attached to a shop, office 8 0.8
    Caravan, cabin, houseboat 5 0.5
    Semi-detached, row or terrace house, townhouse 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 229 53.1
    Being purchased 125 29.0
    Rented 77 17.9
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table