Suburb Profile Report for Kilmore VIC (3764)

Kilmore House: Median price $435,000, Annual capital growth 5.10%, Number of sales 125, Weekly median advertised rent $360

Kilmore Unit: Median price $330,000, Annual capital growth 3.58%, Number of sales 13, Weekly median advertised rent $300

  • 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.

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  • House Report
  • Unit Report

Kilmore is an average performer in VIC when comparing median price capital growth over the last year. Kilmore gave property investors a good capital gain figure when compared to the rest of the state, with 1.99%.

A 33.64% growth in median value for property investors in Kilmore,3764 puts this suburb at number 597th in terms of best performing suburbs in VIC

Kilmore3764 is located in VIC which offers an average discount of -6.90% to property investors. Kilmore itself is showing figures that indicate -6.52% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Kilmore have been waiting around 63.6218 days to sell a property.

With the median price for a house in Kilmore being $435000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 4.30%

Investment property in Kilmore has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.76%

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

Property investors looking for a bargain in Kilmore should be aiming for at least -3.22% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Kilmore have been waiting around 45.8333 days to sell a property.

Using the current median advertised rental of $300 and the average annual increase in value of a median property of 3.58%, investors should hope to achieve an overall return of 4.73%

Information supplied by:


April 2019

M
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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
$435,000 $330,000
-3.33% 0.00%
1.99% 4.76%
5.10% 3.58%
$360 $300
125 13
4.30% 4.73%
63.6218487394958 45.8333333333333

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 : Above average (H), Above average (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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