Suburb Profile Report for Traralgon VIC (3844)

Traralgon House: Median price $292,000, Annual capital growth 2.59%, Number of sales 645, Weekly median advertised rent $290

Traralgon Unit: Median price $216,000, Annual capital growth 2.46%, Number of sales 67, Weekly median advertised rent $245

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

VIC has seen average median house prices change by 7.88% which means that Traralgon, 3844 has done well for property investors by showing a capital gain of 4.29% over the last year

Across a shorter period, Traralgon, 3844 has seen a median price increase of 0.86% over the last quarter.

At number 312th of VIC’s most discounted properties, Traralgon is in the middle of the state/territory when listing in order of most discounted to least.

The VIC suburb of Traralgon, 3844 is in the Latrobe local government area.

Giving property investors a a solid capital gain of 20.00% for the last year, Traralgon, 3844 is the 122th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Traralgon has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Traralgon is offering property investors an average of -4.82. This rate of discount on properties puts Suburb at number 53th in terms of most discounted suburbs in VIC

Using the current median advertised rental of $245 and the average annual increase in value of a median property of 2.46%, investors should hope to achieve an overall return of 5.90%

Metrics i HOUSE UNIT
$292,000 $216,000
0.86% 8.00%
4.29% 20.00%
2.59% 2.46%
$290 $245
645 67
5.16% 5.90%
111.14 137.13

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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
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Recent sales & rentals