Suburb Profile Report for Stratford VIC (3862)

Stratford House: Median price $320,000, Annual capital growth 4.32%, Number of sales 45, Weekly median advertised rent $320

  • 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.

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  • House Report

If you compare the increase in value of investment property in Stratford, 3862 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 25.49%.

A 35.02% growth in median value for property investors in Stratford,3862 puts this suburb at number 7th in terms of best performing suburbs in VIC

LACK OF BUYER INTEREST may well be the reason that Stratford is offering property investors an average of -6.90. This rate of discount on properties puts Suburb at number 539th in terms of most discounted suburbs in VIC

Often selling an investment property can take time, and in Stratford the average time real estate has been on the market is 100.9 days.

With the median price for a house in Stratford being $320000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 5.20%

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Stratford, VIC – Culture abounds in Gippsland suburb

Postcode: 3862

Median house price: $273,750

Three-year growth: 2.3%

Rental yield: 14.8%

Located along the Avon River in the mesmerising Gippsland region of Victoria, Stratford has everything that a peaceful town has to offer without being too far removed.

In addition to a local supermarket, the surrounding suburbs of Sale and Maffra provide further shopping and amenities.

Access to a major motorway allows residents to be connected to work opportunities and enjoy the restaurants, cafes and outdoors attractions of the greater region. A local train station provides transport to Melbourne CBD. The annual Shakespeare on the River Festival speaks for the suburb’s arts and cultural streak. There are many riverfront parks and recreation reserves, with further activities on offer in the region, such as horse riding.

Metrics i HOUSE UNIT
$320,000 N/A
17.43% N/A
25.49% N/A
4.32% N/A
$320 N/A
45 N/A
5.20% N/A
100.9 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 2614
Median household income ($/weekly) 996
Median age of persons 42
Median housing loan repayment ($/monthly) 1300
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 386 14.8
    25-34 years 276 10.6
    35-44 years 322 12.3
    45-54 years 364 13.9
    55-64 years 445 17.0
    Others 822 31.4
    Age Group
    Census Count Percent(%)
    Registered Married 1043 57.9
    Not Married 571 31.7
    Defacto Relationship 187 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2216 91.0
    New Zealand 20 0.8
    Papua New Guinea 33 1.4
    United Kingdom 78 3.2
    Other 16 0.7
    Others 71 2.9
    Country of Birth
    Census Count Percent(%)
    Christianity 1567 67.4
    No Religion 717 30.8
    Buddhism 22 0.9
    Other Religious Groups 13 0.6
    Islam 6 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 101 12.0
    $600-$799 99 11.7
    $800-$999 96 11.4
    $1,000-$1,249 77 9.1
    $1,500-$1,999 105 12.5
    Others 365 43.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 697 36.3
    Not in the labour force 670 34.9
    Employed, worked part-time 407 21.2
    Employed, away from work 96 5.0
    Unemployed, looking for work 51 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 202 16.8
    Professionals 167 13.9
    Technicians & trades workers 233 19.4
    Community & personal service workers 129 10.7
    Clerical & administrative workers 130 10.8
    Others 341 28.4
    Occupation
    Census Count Percent(%)
    Pre-school 37 6.7
    Infants/Primary 230 41.4
    Secondary 183 32.9
    Technical or Further Educational Institution 54 9.7
    University or other Tertiary Institutions 40 7.2
    Others 12 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2315 97.5
    Flat, unit or apartment 26 1.1
    House or flat attached to a shop, office 24 1.0
    Caravan, cabin, houseboat 9 0.4
    Semi-detached, row or terrace house, townhouse 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 412 44.3
    Fully owned 386 41.5
    Rented 129 13.9
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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