Suburb Profile Report for Mansfield VIC (3722)

Mansfield House: Median price $385,000, Annual capital growth 4.77%, Number of sales 72, Weekly median advertised rent $340

Mansfield Unit: Median price $255,000, Annual capital growth 1.96%, Number of sales 16, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2220th in the list of Australian suburbs ordered by increase in median house value over the last year, Mansfield, 3722 is in the BOTTOM 50% with a property value increase of 6.21% recorded in median house prices.

The five-year average increase in median property values for Mansfield,3722 has given property investors a potential capital gain of 25.00% across each of those five years.

Sellers are offering property buyers an average discount of -5.00% to buyers in Mansfield at the moment, which is less than average for the rest of VIC.

With the median price for a house in Mansfield being $385000 and the advertised rent reaching $340 the gross rental yield for property investors calculates out to be 4.59%

Investment property in Mansfield has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -19.05%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Mansfield has fallen somewhat when compared to the 5 year average annual rate.

Metrics i HOUSE UNIT
$385,000 $255,000
1.45% -7.69%
6.21% -19.05%
4.77% 1.96%
$340 $320
72 16
4.59% 6.53%
95.03 N/A

Source: CoreLogic

DSR Score for property investment : Good (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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