Suburb Profile Report for Orbost VIC (3888)

Orbost House: Median price $172,500, Annual capital growth 1.08%, Number of sales 44, Weekly median advertised rent $250

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

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Investment property in Orbost 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 8.83%

Taking the average capital gain, or increase in median house value, Orbost,3888 has racked up an average of 8.83% over the period. This ranks it number 1892th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Orbost is giving property investors an average Vendor Discount of around -8.13%. This puts suburb at number 100th in VIC when ranking the most discounted suburbs.

Orbost, 3888’s gross rental yield is 7.54%

Metrics i HOUSE UNIT
$172,500 N/A
3.92% N/A
8.83% N/A
1.08% N/A
$250 N/A
44 N/A
7.54% N/A
108.666666666667 N/A

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Orbost VIC
Demographics
Total population 2493
Median household income ($/weekly) 683
Median age of persons 44
Median housing loan repayment ($/monthly) 910
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 338 13.6
    35-44 years 293 11.7
    45-54 years 308 12.3
    55-64 years 343 13.8
    65-74 years 318 12.8
    Others 894 35.8
    Age Group
    Census Count Percent(%)
    Registered Married 848 47.6
    Not Married 749 42.1
    Defacto Relationship 183 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2199 92.7
    Japan 21 0.9
    Papua New Guinea 19 0.8
    United Kingdom 70 2.9
    Other 23 1.0
    Others 41 1.7
    Country of Birth
    Census Count Percent(%)
    Christianity 1333 60.0
    No Religion 857 38.6
    Buddhism 20 0.9
    Other Religious Groups 13 0.6
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 154 16.8
    $400-$599 175 19.1
    $600-$799 118 12.9
    $800-$999 101 11.0
    $1,500-$1,999 81 8.9
    Others 286 31.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 956 50.5
    Employed, worked full-time 498 26.3
    Employed, worked part-time 327 17.3
    Employed, away from work 58 3.1
    Unemployed, looking for work 55 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 134 15.3
    Professionals 105 12.0
    Technicians & trades workers 110 12.5
    Community & personal service workers 125 14.3
    Labourers 128 14.6
    Others 275 31.4
    Occupation
    Census Count Percent(%)
    Pre-school 46 9.1
    Infants/Primary 213 42.0
    Secondary 163 32.1
    Technical or Further Educational Institution 38 7.5
    University or other Tertiary Institutions 37 7.3
    Others 10 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2259 97.5
    Semi-detached, row or terrace house, townhouse 42 1.8
    Flat, unit or apartment 11 0.5
    Caravan, cabin, houseboat 6 0.3
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 451 45.6
    Rented 271 27.4
    Being purchased 256 25.9
    Other tenure type 10 1.0
    Tenure Type
Census 2011, ABS
Chart Table