Suburb Profile Report for Mount Evelyn VIC (3796)

Mount Evelyn House: Median price $631,500, Annual capital growth 6.76%, Number of sales 116, Weekly median advertised rent $420

  • 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

Investment property in Mount Evelyn has done pretty 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 -5.22%

Mount Evelyn,3796 was ranked 3305 in Australia by increase in median property value over the quarter.

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.90% offered to property buyers. Sellers in Mount Evelyn itself are offering an average vendor discount of -5.34% to real estate investors.

On average over the past year, suburb has had 9.67 sales per month, which equates to 116 per year.

A $420 per week rent on the median house gives suburb investors a gross yield of circa 3.46%, without taking into account capital value appreciation, which has been averaging out at 6.76%.

Metrics i HOUSE UNIT
$631,500 N/A
-3.17% N/A
-5.22% N/A
6.76% N/A
$420 N/A
116 N/A
3.46% N/A
40.8125 N/A

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 : Excellent (H), Good (U)
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Demographics
Total population 9375
Median household income ($/weekly) 1418
Median age of persons 36
Median housing loan repayment ($/monthly) 1651
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1451 15.5
    25-34 years 1149 12.3
    35-44 years 1439 15.4
    45-54 years 1451 15.5
    55-64 years 1090 11.6
    Others 2794 29.8
    Age Group
    Census Count Percent(%)
    Registered Married 3584 52.3
    Not Married 2523 36.8
    Defacto Relationship 741 10.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 7800 85.8
    New Zealand 153 1.7
    Papua New Guinea 76 0.8
    United Kingdom 605 6.7
    Other 100 1.1
    Others 358 3.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 89 1.0
    Christianity 5070 59.7
    Hinduism 7 0.1
    Other Religious Groups 54 0.6
    No Religion 3261 38.4
    Others 7 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 247 8.9
    $1,000-$1,249 279 10.1
    $1,250-$1,499 294 10.6
    $1,500-$1,999 514 18.6
    $2,000-$2,499 321 11.6
    Others 1108 40.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3006 42.6
    Not in the labour force 1909 27.1
    Employed, worked part-time 1627 23.1
    Employed, away from work 301 4.3
    Unemployed, looking for work 211 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 516 10.5
    Professionals 773 15.7
    Technicians & trades workers 1087 22.0
    Clerical & administrative workers 726 14.7
    Labourers 494 10.0
    Others 1334 27.1
    Occupation
    Census Count Percent(%)
    Pre-school 203 8.0
    Infants/Primary 930 36.5
    Secondary 799 31.3
    Technical or Further Educational Institution 281 11.0
    University or other Tertiary Institutions 248 9.7
    Others 90 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8738 96.9
    Semi-detached, row or terrace house, townhouse 194 2.2
    Flat, unit or apartment 73 0.8
    House or flat attached to a shop, office 10 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1802 58.5
    Fully owned 907 29.4
    Rented 336 10.9
    Other tenure type 36 1.2
    Tenure Type
Census 2011, ABS
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