Suburb Profile Report for Officer VIC (3809)

Officer House: Median price $476,000, Annual capital growth 5.49%, Number of sales 232, Weekly median advertised rent $380

Officer Unit: Median price $395,500, Annual capital growth N/A, Number of sales 17, Weekly median advertised rent $348

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 11.73% which means that Officer, 3809 has done well for property investors by showing a capital gain of 36.59% over the last year

Taking the average capital gain, or increase in median house value, Officer,3809 has racked up an average of 36.59% over the period. This ranks it number 337th in the whole country for real estate investors looking at median house price increases.

Officer, 3809 is offering VIC ‘s 4th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this VIC.

Often selling an investment property can take time, and in Officer the average time real estate has been on the market is 29.59 days.

Investment property in Officer 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 8.21%

If we look at median property appreciation over just the last three months, Officer has given property investors a paper return of 1.78%. This puts Suburb as 192 on a list of fastest fasting appreciating suburbs in VIC

Officer, 3809’s gross rental yield is 4.57%

Metrics i HOUSE UNIT
$476,000 $395,500
8.80% 1.78%
36.59% 8.21%
5.49% N/A
$380 $348
232 17
4.15% 4.57%
29.59 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
Find a mortgage broker in Officer VIC
Demographics
Total population 1760
Median household income ($/weekly) 1752
Median age of persons 31
Median housing loan repayment ($/monthly) 2080
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 251 14.3
    25-34 years 314 17.8
    35-44 years 238 13.5
    45-54 years 237 13.5
    55-64 years 210 11.9
    Others 511 29.0
    Age Group
    Census Count Percent(%)
    Registered Married 645 49.8
    Not Married 461 35.6
    Defacto Relationship 190 14.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1377 81.8
    Papua New Guinea 22 1.3
    Sri Lanka 18 1.1
    United Kingdom 104 6.2
    Other 36 2.1
    Others 126 7.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 19 1.2
    Christianity 1074 67.5
    Hinduism 10 0.6
    Islam 14 0.9
    No Religion 465 29.2
    Others 8 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 44 8.1
    $1,250-$1,499 50 9.2
    $1,500-$1,999 99 18.3
    $2,000-$2,499 101 18.7
    $2,500-$2,999 55 10.2
    Others 192 35.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 666 50.0
    Not in the labour force 303 22.8
    Employed, worked part-time 281 21.1
    Employed, away from work 51 3.8
    Unemployed, looking for work 30 2.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 140 14.1
    Professionals 169 17.0
    Technicians & trades workers 192 19.3
    Clerical & administrative workers 173 17.4
    Labourers 92 9.2
    Others 229 23.0
    Occupation
    Census Count Percent(%)
    Pre-school 37 8.2
    Infants/Primary 138 30.7
    Secondary 159 35.4
    Technical or Further Educational Institution 47 10.5
    University or other Tertiary Institutions 51 11.4
    Others 17 3.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1583 94.6
    Semi-detached, row or terrace house, townhouse 81 4.8
    Flat, unit or apartment 10 0.6
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 336 56.5
    Fully owned 148 24.9
    Rented 108 18.2
    Other tenure type 3 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals