Suburb Profile Report for Kilmore VIC (3764)

Kilmore House: Median price $441,000, Annual capital growth 4.98%, Number of sales 120, Weekly median advertised rent $370

Kilmore Unit: Median price $330,000, Annual capital growth 3.74%, Number of sales 14, Weekly median advertised rent $310

  • 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.

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Over the last year, property investments in Kilmore, 3764 have given investors a capital gain of -1.45%. This compares badly with the 4.41% for VIC as a whole.

Comparing Kilmore,3764 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Sellers are offering property buyers an average discount of -6.24% to buyers in Kilmore at the moment, which is less than average for the rest of VIC.

Kilmore is 146th on a list of best yielding suburbs for rents in VIC with a 4.36% return

Kilmore is in the bottom 20% in VIC when comparing median price capital growth over the last year. Kilmore gave property investors a dismal capital gain figure when compared to the rest of the state, with -0.75%.

Across a shorter period, Kilmore, 3764 has seen a median price increase of 0.00% over the last quarter.

Property investors looking for a bargain in Kilmore should be aiming for at least -2.45% off the asking price, which is the average vendor discount being achieved at the moment.

A $310 per week rent on the median house gives suburb investors a gross yield of circa 4.88%, without taking into account capital value appreciation, which has been averaging out at 3.74%.

Information supplied by:


April 2019

M
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W
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Striking growth in old suburb

Postcode: 3764

Median house price: $440,000

Three-year growth: 30.3%

Rental yield: %

The suburb of Kilmore is situated within a town that is one of the oldest inland towns in the state. It has a strong Irish heritage, which is celebrated throughout the area.

The suburb logged remarkable growth over the year to February 2019 – a whopping 15.3% boost in house prices. Even then, the median price remains fairly low at under $450,000.

Among the highlights are the local post office, court house, police barracks and Whitburgh Cottage, all of which were constructed in the late 1800s. In fact, Whitburgh Cottage houses a museum showcasing 19th century knickknacks.

Kilmore’s focus on its history certainly doesn’t mean it’s stuck in the past. The commercial scene is centred on Sydney Street, where there are shops, hotels and supermarkets. Kilmore Creek runs along this street as well, and residents can lie back and relax in the local park.

Metrics i HOUSE UNIT
$441,000 $330,000
1.38% 0.00%
-1.45% -0.75%
4.98% 3.74%
$370 $310
120 14
4.36% 4.88%
66.6071428571429 63.6923076923077

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), Very good (U)
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Demographics
Total population 6677
Median household income ($/weekly) 1203
Median age of persons 37
Median housing loan repayment ($/monthly) 1627
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 1029 15.4
    25-34 years 704 10.5
    35-44 years 948 14.2
    45-54 years 943 14.1
    55-64 years 690 10.3
    Others 2364 35.4
    Age Group
    Census Count Percent(%)
    Registered Married 2350 51.3
    Not Married 1733 37.8
    Defacto Relationship 496 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 5633 87.6
    Croatia 50 0.8
    Papua New Guinea 78 1.2
    United Kingdom 263 4.1
    Other 83 1.3
    Others 320 5.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 49 0.8
    Christianity 4415 71.8
    Hinduism 19 0.3
    Other Religious Groups 35 0.6
    No Religion 1622 26.4
    Others 12 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 228 11.3
    $600-$799 231 11.4
    $1,250-$1,499 176 8.7
    $1,500-$1,999 300 14.8
    $2,000-$2,499 209 10.3
    Others 880 43.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1903 37.9
    Not in the labour force 1854 36.9
    Employed, worked part-time 898 17.9
    Employed, away from work 199 4.0
    Unemployed, looking for work 166 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 329 11.0
    Professionals 423 14.1
    Technicians & trades workers 543 18.1
    Community & personal service workers 340 11.3
    Clerical & administrative workers 457 15.2
    Others 908 30.3
    Occupation
    Census Count Percent(%)
    Pre-school 132 7.7
    Infants/Primary 646 37.5
    Secondary 632 36.7
    Technical or Further Educational Institution 131 7.6
    University or other Tertiary Institutions 137 8.0
    Others 44 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5631 92.4
    Semi-detached, row or terrace house, townhouse 186 3.1
    Flat, unit or apartment 217 3.6
    Caravan, cabin, houseboat 48 0.8
    House or flat attached to a shop, office 7 0.1
    Others 4 0.1
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1010 45.3
    Fully owned 700 31.4
    Rented 490 22.0
    Other tenure type 32 1.4
    Tenure Type
Census 2011, ABS
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