Suburb Profile Report for Stratford VIC (3862)

Stratford House: Median price $302,500, Annual capital growth 3.13%, Number of sales 44, Weekly median advertised rent $320

  • 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.

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  • House Report

Investment property in Stratford has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 18.63%

The five-year average increase in median property values for Stratford,3862 has given property investors a potential capital gain of 16.57% across each of those five years.

Our latest figures would indicate that property sellers in Stratford are currently offering property investors an average price cut of -3.99% below the asking price at the moment.

Residents and property investors in Stratford have been waiting around 79.225 days to sell a property.

With the median price for a house in Stratford being $302500 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 5.50%

Information supplied by:




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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
$302,500 N/A
1.26% N/A
18.63% N/A
3.13% N/A
$320 N/A
44 N/A
5.50% N/A
79.225 N/A

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), Balanced (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
Chart Table