Suburb Profile Report for Traralgon VIC (3844)

Traralgon House: Median price $320,000, Annual capital growth 3.02%, Number of sales 527, Weekly median advertised rent $330

Traralgon Unit: Median price $218,500, Annual capital growth 2.72%, Number of sales 69, Weekly median advertised rent $250

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

VIC has seen average median house prices change by 2.87% which means that Traralgon, 3844 has done well for property investors by showing a capital gain of 5.79% over the last year

Traralgon,3844 has offered an average of 5.79% return per annum in house price rises to property investors over the last three years.

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 -4.87% is being offered, which puts this VIC suburb at 2467th most discounted overall in Australia.

In the last year 527 properties changed hands in Traralgon, which puts it as the 10th most active market in VIC when comparing the number of sales per suburb.

The VIC suburb of Traralgon, 3844 is in the Latrobe (C) (Vic.) local government area.

Traralgon, 3844 ranked 181th in VIC when comparing growth in median property values or capital gain over the last 12 months. Traralgon is one of 2099 in our list for VIC

Taking the average capital gain, or increase in median house value, Traralgon,3844 has racked up an average of 4.05% over the period. This ranks it number 694th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Traralgon is offering property investors an average of -5.98. This rate of discount on properties puts Suburb at number 34th in terms of most discounted suburbs in VIC

Property investors should expect to get $250 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$320,000 $218,500
-1.54% 1.63%
5.79% 4.05%
3.02% 2.72%
$330 $250
527 69
5.36% 5.95%
77.8944723618091 96.2857142857143

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (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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