Suburb Profile Report for Traralgon VIC (3844)

Traralgon House: Median price $281,500, Annual capital growth 2.54%, Number of sales 545, Weekly median advertised rent $290

Traralgon Unit: Median price $195,000, Annual capital growth 0.44%, Number of sales 51, Weekly median advertised rent $230

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

Source: CoreLogic

  • House Report
  • Unit Report

Traralgon, 3844 ranked 594th in VIC when comparing growth in median property values or capital gain over the last 12 months. Traralgon is one of 2098 in our list for VIC

Across a shorter period, Traralgon, 3844 has seen a median price increase of -0.71% over the last quarter.

Traralgon3844 is located in VIC which offers an average discount of -5.04% to property investors. Traralgon itself is showing figures that indicate -6.08% is the average achievable by property buyers investing in the suburb.

Renters in Suburb are facing rents around $3480 per annum or $290 every week.

Property value increases in Traralgon have tracked lower than the VIC average of 8.36% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Traralgon comes in at number 364th in VIC.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Traralgon, 3844. Typically our figures indicate that -8.05% is being offered, which puts this VIC suburb at 162th most discounted overall in Australia.

A $230 per week rent on the median house gives suburb investors a gross yield of circa 6.13%, without taking into account capital value appreciation, which has been averaging out at 0.44%.

Metrics i HOUSE UNIT
$281,500 $195,000
-0.71% 2.63%
2.36% -7.14%
2.54% 0.44%
$290 $230
545 51
5.36% 6.13%
122.09 145.67

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Traralgon VIC
Demographics
Total population 23834
Median household income ($/weekly) 1125
Median age of persons 36
Median housing loan repayment ($/monthly) 1317
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 3132 13.1
    25-34 years 3459 14.5
    35-44 years 3090 13.0
    45-54 years 3171 13.3
    55-64 years 2631 11.0
    Others 8351 35.0
    Age Group
    Census Count Percent(%)
    Registered Married 7969 47.6
    Not Married 6801 40.6
    Defacto Relationship 1961 11.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 19352 86.6
    New Zealand 212 0.9
    Papua New Guinea 274 1.2
    United Kingdom 875 3.9
    Other 433 1.9
    Others 1197 5.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 206 1.0
    Christianity 14816 68.9
    Hinduism 133 0.6
    Islam 95 0.4
    No Religion 6136 28.5
    Others 109 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 983 12.0
    $600-$799 831 10.2
    $1,000-$1,249 766 9.4
    $1,500-$1,999 1071 13.1
    $2,000-$2,499 711 8.7
    Others 3823 46.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 6771 37.9
    Not in the labour force 6240 35.0
    Employed, worked part-time 3429 19.2
    Employed, away from work 724 4.1
    Unemployed, looking for work 684 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1940 17.8
    Technicians & trades workers 1984 18.2
    Clerical & administrative workers 1570 14.4
    Sales 1149 10.5
    Labourers 1129 10.3
    Others 3153 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 398 7.7
    Infants/Primary 1966 37.8
    Secondary 1536 29.5
    Technical or Further Educational Institution 586 11.3
    University or other Tertiary Institutions 554 10.7
    Others 159 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 19828 91.2
    Flat, unit or apartment 1367 6.3
    Semi-detached, row or terrace house, townhouse 280 1.3
    Caravan, cabin, houseboat 267 1.2
    House or flat attached to a shop, office 8 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 3488 39.3
    Fully owned 2861 32.2
    Rented 2467 27.8
    Other tenure type 66 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals