Suburb Profile Report for Mansfield VIC (3722)

Mansfield House: Median price $456,000, Annual capital growth 5.80%, Number of sales 58, Weekly median advertised rent $380

Mansfield Unit: Median price $327,500, Annual capital growth 3.09%, Number of sales 18, Weekly median advertised rent $350

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

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

  • House Report
  • Unit Report

VIC has seen average median house prices change by 4.41% which means that Mansfield, 3722 has done well for property investors by showing a capital gain of 7.17% over the last year

Over the longer term, Mansfield has seen property prices show investors a 20.56% return over the last 3 years. This is worse than over the last 12 months

Mansfield3722 is located in VIC which offers an average discount of -6.34% to property investors. Mansfield itself is showing figures that indicate -7.65% is the average achievable by property buyers investing in the suburb.

The VIC suburb of Mansfield, 3722 is in the Mansfield (S) local government area.

Mansfield is in the bottom 20% in VIC when comparing median price capital growth over the last year. Mansfield gave property investors a dismal capital gain figure when compared to the rest of the state, with -1.65%.

When looking at the potential capital gains offered to property investors over the last 3 years, Mansfield comes in at number 177th in VIC.

At number 71th of VIC’s most discounted properties, Mansfield is in the bottom 30% of the state/territory when listing in order of most discounted to least.

Residents and property investors in Mansfield have been waiting around 149 days to sell a property.

Mansfield, 3722’s gross rental yield is 5.56%

Metrics i HOUSE UNIT
$456,000 $327,500
-0.55% -3.68%
7.17% -1.65%
5.80% 3.09%
$380 $350
58 18
4.33% 5.56%
117.933333333333 149

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

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 4359
Median household income ($/weekly) 920
Median age of persons 44
Median housing loan repayment ($/monthly) 1300
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 515 11.8
    35-44 years 519 11.9
    45-54 years 687 15.8
    55-64 years 626 14.4
    65-74 years 446 10.2
    Others 1567 35.9
    Age Group
    Census Count Percent(%)
    Registered Married 1544 50.1
    Not Married 1231 39.9
    Defacto Relationship 307 10.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3812 90.8
    Greece 47 1.1
    Papua New Guinea 43 1.0
    United Kingdom 155 3.7
    Other 43 1.0
    Others 96 2.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 0.7
    Christianity 2800 69.8
    Judaism 8 0.2
    Other Religious Groups 16 0.4
    No Religion 1152 28.7
    Others 8 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 150 9.7
    $400-$599 210 13.6
    $600-$799 180 11.7
    $800-$999 176 11.4
    $1,500-$1,999 201 13.1
    Others 622 40.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1210 35.3
    Not in the labour force 1200 35.0
    Employed, worked part-time 835 24.4
    Employed, away from work 135 3.9
    Unemployed, looking for work 45 1.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 329 15.1
    Professionals 294 13.5
    Technicians & trades workers 419 19.2
    Community & personal service workers 250 11.5
    Labourers 255 11.7
    Others 634 29.1
    Occupation
    Census Count Percent(%)
    Pre-school 79 9.3
    Infants/Primary 310 36.3
    Secondary 290 34.0
    Technical or Further Educational Institution 91 10.7
    University or other Tertiary Institutions 45 5.3
    Others 38 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3607 90.6
    Semi-detached, row or terrace house, townhouse 273 6.9
    Flat, unit or apartment 67 1.7
    Caravan, cabin, houseboat 11 0.3
    House or flat attached to a shop, office 14 0.4
    Others 9 0.2
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 655 40.4
    Being purchased 535 33.0
    Rented 415 25.6
    Other tenure type 17 1.0
    Tenure Type
Census 2011, ABS
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