Suburb Profile Report for Metung VIC (3904)

Metung House: Median price $398,000, Annual capital growth 4.37%, Number of sales 27, Weekly median advertised rent $340

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

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

  • House Report

At number 687th in the list of Australian suburbs ordered by increase in median house value over the last year, Metung, 3904 is in the top 20% with a property value increase of 7.57% recorded in median house prices.

While Metung,3904 ranked number 44th in VIC for increase in median house value (annualised) increase, it is ranked 493th over the last 5 years.

Metung3904 is located in VIC which offers an average discount of -6.82% to property investors. Metung itself is showing figures that indicate -8.10% is the average achievable by property buyers investing in the suburb.

The VIC suburb of Metung, 3904 is in the East Gippsland (S) local government area.

Metrics i HOUSE UNIT
$398,000 N/A
6.49% N/A
7.57% N/A
4.37% N/A
$340 N/A
27 N/A
4.44% N/A
83.375 N/A

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

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 1221
Median household income ($/weekly) 873
Median age of persons 55
Median housing loan repayment ($/monthly) 1300
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 100 8.2
    35-44 years 115 9.4
    45-54 years 151 12.4
    55-64 years 267 21.9
    65-74 years 237 19.4
    Others 351 28.7
    Age Group
    Census Count Percent(%)
    Registered Married 542 61.1
    Not Married 237 26.7
    Defacto Relationship 108 12.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 965 82.9
    Greece 13 1.1
    Papua New Guinea 13 1.1
    United Kingdom 114 9.8
    Other 12 1.0
    Others 47 4.0
    Country of Birth
    Census Count Percent(%)
    Christianity 727 67.4
    No Religion 343 31.8
    Buddhism 6 0.6
    Other Religious Groups 3 0.3
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 71 16.8
    $600-$799 59 14.0
    $800-$999 49 11.6
    $1,000-$1,249 45 10.7
    $2,000-$2,499 36 8.5
    Others 162 38.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 478 47.9
    Employed, worked full-time 257 25.8
    Employed, worked part-time 204 20.5
    Employed, away from work 32 3.2
    Unemployed, looking for work 26 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 81 16.3
    Professionals 85 17.1
    Technicians & trades workers 86 17.3
    Community & personal service workers 66 13.3
    Clerical & administrative workers 63 12.7
    Others 116 23.3
    Occupation
    Census Count Percent(%)
    Pre-school 16 8.4
    Infants/Primary 68 35.6
    Secondary 58 30.4
    Technical or Further Educational Institution 31 16.2
    University or other Tertiary Institutions 14 7.3
    Others 4 2.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1020 97.4
    Flat, unit or apartment 9 0.9
    House or flat attached to a shop, office 8 0.8
    Semi-detached, row or terrace house, townhouse 7 0.7
    Caravan, cabin, houseboat 3 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 258 53.8
    Being purchased 125 26.0
    Rented 94 19.6
    Other tenure type 3 0.6
    Tenure Type
Census 2011, ABS
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