Suburb Profile Report for Longwarry VIC (3816)

Longwarry House: Median price $410,000, Annual capital growth 5.64%, Number of sales 67, 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

If you compare the increase in value of investment property in Longwarry, 3816 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 3.02%.

Across a shorter period, Longwarry, 3816 has seen a median price increase of -4.09% over the last quarter.

Longwarry, 3816 is offering VIC ‘s 325th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

In the last year 67 properties changed hands in Longwarry, which puts it as the 332th most active market in VIC when comparing the number of sales per suburb.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.44%, without taking into account capital value appreciation, which has been averaging out at 5.64%.

Metrics i HOUSE UNIT
$410,000 N/A
-4.09% N/A
3.02% N/A
5.64% N/A
$350 N/A
67 N/A
4.44% N/A
82.5 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 : Above average (H), Below average (U)
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Demographics
Total population 1437
Median household income ($/weekly) 1075
Median age of persons 35
Median housing loan repayment ($/monthly) 1517
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 193 13.4
    25-34 years 203 14.1
    35-44 years 194 13.5
    45-54 years 218 15.2
    55-64 years 149 10.4
    Others 480 33.4
    Age Group
    Census Count Percent(%)
    Registered Married 461 45.0
    Not Married 425 41.5
    Defacto Relationship 138 13.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1175 88.9
    Indonesia 9 0.7
    Papua New Guinea 16 1.2
    United Kingdom 61 4.6
    Other 13 1.0
    Others 48 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 5 0.4
    Christianity 812 64.3
    Hinduism 4 0.3
    Other Religious Groups 10 0.8
    No Religion 429 34.0
    Others 3 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 59 13.1
    $800-$999 53 11.8
    $1,000-$1,249 48 10.7
    $1,250-$1,499 48 10.7
    $1,500-$1,999 68 15.1
    Others 174 38.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 426 40.3
    Not in the labour force 348 33.0
    Employed, worked part-time 210 19.9
    Unemployed, looking for work 42 4.0
    Employed, away from work 30 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 81 12.2
    Technicians & trades workers 122 18.4
    Clerical & administrative workers 78 11.7
    Machinery operators & drivers 75 11.3
    Labourers 122 18.4
    Others 186 28.0
    Occupation
    Census Count Percent(%)
    Pre-school 34 11.3
    Infants/Primary 124 41.3
    Secondary 73 24.3
    Technical or Further Educational Institution 38 12.7
    University or other Tertiary Institutions 22 7.3
    Others 9 3.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1283 96.4
    Semi-detached, row or terrace house, townhouse 33 2.5
    Flat, unit or apartment 12 0.9
    House or flat attached to a shop, office 3 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 250 50.3
    Fully owned 153 30.8
    Rented 88 17.7
    Other tenure type 6 1.2
    Tenure Type
Census 2011, ABS
Chart Table