Suburb Profile Report for Mansfield VIC (3722)

Mansfield House: Median price $471,000, Annual capital growth 7.05%, Number of sales 48, Weekly median advertised rent $390

Mansfield Unit: Median price $352,500, Annual capital growth 8.12%, Number of sales 15, Weekly median advertised rent $350

  • 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
  • Unit Report

Mansfield has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 13.49% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Mansfield comes in at number 161th in VIC.

Our latest figures would indicate that property sellers in Mansfield are currently offering property investors an average price cut of -6.81% below the asking price at the moment.

At number 3239 in a list of fastest selling suburbs, Mansfield is in the bottom 20% of suburbs in Australia with an average of days on market 115.526 for properties listed there.

Situated 130.27km from the CBD, Mansfield is one of Mansfield (S) localities in the postcode 3722.

Over the last year, property investments in Mansfield, 3722 have given investors a capital gain of 27.03%. This compares very favourably with the 0.68% for VIC as a whole.

Mansfield,3722 was ranked 1287 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Mansfield is offering property investors an average of -6.31. This rate of discount on properties puts Suburb at number 153th in terms of most discounted suburbs in VIC

Property investors should expect to get $350 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$471,000 $352,500
3.06% -4.73%
13.49% 27.03%
7.05% 8.12%
$390 $350
48 15
4.31% 5.16%
115.526315789474 108

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 : Balanced (H), Above average (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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