Suburb Profile Report for Strathmerton VIC (3641)

Strathmerton House: Median price $195,000, Annual capital growth 12.11%, Number of sales 11, Weekly median advertised rent $310

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

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

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House Report

Strathmerton has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 2.63% to date .

The five-year average increase in median property values for Strathmerton,3641 has given property investors a potential capital gain of 5.41% across each of those five years.

Using the current median advertised rental of $310 and the average annual increase in value of a median property of 12.11%, investors should hope to achieve an overall return of 8.27%

Metrics	HOUSE	UNIT
Median price	$195,000	N/A
Quarterly growth	N/A	N/A
12-month growth	2.63%	N/A
Average Annual Growth	12.11%	N/A
Weekly median advertised rent	$310	N/A
Number of sales	11	N/A
Gross rental yield	8.27%	N/A
Days on market	N/A	N/A

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

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Demographics

Total population	942
Median household income ($/weekly)	948
Median age of persons	38
Median housing loan repayment ($/monthly)	1064
Average household size	2.6

Census	Count	Percent(%)
5-14 years	174	18.5
25-34 years	107	11.4
35-44 years	133	14.1
45-54 years	149	15.8
55-64 years	134	14.2
Others	244	25.9

Age Group

Census	Count	Percent(%)
Registered Married	346	53.3
Not Married	224	34.5
Defacto Relationship	79	12.2

Social Marital Status

Census	Count	Percent(%)
Australia	775	87.3
New Zealand	12	1.4
Papua New Guinea	45	5.1
Philippines	11	1.2
United Kingdom	18	2.0
Others	27	3.0

Country of Birth

Census	Count	Percent(%)
Christianity	595	71.3
No Religion	226	27.1
Other Religious Groups	8	1.0
Buddhism	3	0.4
Islam	3	0.4
Others	0	0.0

Religious Affiliation

Census	Count	Percent(%)
$400-$599	45	14.6
$800-$999	37	12.0
$1,000-$1,249	41	13.3
$1,250-$1,499	37	12.0
$1,500-$1,999	36	11.7
Others	112	36.4

Gross Household Income (Weekly)

Census	Count	Percent(%)
Employed, worked full-time	284	42.4
Not in the labour force	221	33.0
Employed, worked part-time	115	17.2
Employed, away from work	32	4.8
Unemployed, looking for work	18	2.7

Person Characteristics

Census	Count	Percent(%)
Managers	121	28.0
Technicians & trades workers	41	9.5
Community & personal service workers	32	7.4
Machinery operators & drivers	38	8.8
Labourers	104	24.1
Others	96	22.2

Occupation

Census	Count	Percent(%)
Pre-school	19	8.2
Infants/Primary	106	45.5
Secondary	79	33.9
Technical or Further Educational Institution	17	7.3
University or other Tertiary Institutions	6	2.6
Others	6	2.6

Type of Educational Institution Attending

Census	Count	Percent(%)
Separate house	871	98.2
Flat, unit or apartment	11	1.2
Semi-detached, row or terrace house, townhouse	5	0.6
Caravan, cabin, houseboat	0	0.0
Improvised home, tent, sleepers out	0	0.0
Others	0	0.0