Suburb Profile Report for Mallacoota VIC (3892)

Mallacoota House: Median price $450,000, Annual capital growth 4.93%, Number of sales 33, Weekly median advertised rent $1,300

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

Source: Monthly data update for Jun 2021 as supplied by CoreLogic. Data is reported to the period ending Mar 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Property value increases in Mallacoota have tracked just lower than the VIC average of 10.96% over the last 12 months.

A 38.46% growth in median value for property investors in Mallacoota,3892 puts this suburb at number 25th in terms of best performing suburbs in VIC

Our latest figures would indicate that property sellers in Mallacoota are currently offering property investors an average price cut of -6.21% below the asking price at the moment.

In the last year 33 properties changed hands in Mallacoota, which puts it as the 536th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Mallacoota being $450000 and the advertised rent reaching $1300 the gross rental yield for property investors calculates out to be 15.02%

Metrics i HOUSE UNIT
$450,000 N/A
16.88% N/A
6.51% N/A
4.93% N/A
$1,300 N/A
33 N/A
15.02% N/A
156.461538461538 N/A

Source: Monthly data update for Jun 2021 as supplied by CoreLogic. Data is reported to the period ending Mar 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Below average (H), Balanced (U)
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Demographics
Total population 1031
Median household income ($/weekly) 662
Median age of persons 54
Median housing loan repayment ($/monthly) 1395
Average household size 2
  • Census Count Percent(%)
    5-14 years 103 10.0
    35-44 years 96 9.3
    45-54 years 156 15.1
    55-64 years 237 23.0
    65-74 years 153 14.8
    Others 287 27.8
    Age Group
    Census Count Percent(%)
    Registered Married 373 48.0
    Not Married 308 39.6
    Defacto Relationship 96 12.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 830 83.2
    Greece 15 1.5
    Papua New Guinea 15 1.5
    United Kingdom 70 7.0
    Other 20 2.0
    Others 48 4.8
    Country of Birth
    Census Count Percent(%)
    No Religion 458 49.0
    Christianity 444 47.5
    Buddhism 15 1.6
    Other Religious Groups 15 1.6
    Hinduism 3 0.3
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 55 13.2
    $400-$599 86 20.6
    $600-$799 60 14.4
    $800-$999 52 12.4
    $1,000-$1,249 37 8.9
    Others 128 30.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 429 50.2
    Employed, worked full-time 184 21.5
    Employed, worked part-time 183 21.4
    Unemployed, looking for work 34 4.0
    Employed, away from work 25 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 59 15.1
    Professionals 51 13.0
    Technicians & trades workers 67 17.1
    Community & personal service workers 50 12.8
    Labourers 66 16.9
    Others 98 25.1
    Occupation
    Census Count Percent(%)
    Pre-school 11 6.7
    Infants/Primary 75 46.0
    Secondary 48 29.4
    Technical or Further Educational Institution 10 6.1
    University or other Tertiary Institutions 15 9.2
    Others 4 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 696 75.3
    Flat, unit or apartment 189 20.5
    Caravan, cabin, houseboat 26 2.8
    House or flat attached to a shop, office 13 1.4
    Semi-detached, row or terrace house, townhouse 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 265 57.5
    Being purchased 100 21.7
    Rented 93 20.2
    Other tenure type 3 0.7
    Tenure Type
Census 2011, ABS
Chart Table