Suburb Profile Report for Baxter VIC (3911)

Baxter House: Median price $536,000, Annual capital growth 8.76%, Number of sales 45, Weekly median advertised rent $375

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

Source: CoreLogic

  • House Report
  • Expert Report

Baxter, 3911 ranked 31th in VIC when comparing growth in median property values or capital gain over the last 12 months. Baxter is one of 2098 in our list for VIC

Across a shorter period, Baxter, 3911 has seen a median price increase of 0.00% over the last quarter.

Property investors looking for a bargain in Baxter should be aiming for at least -2.43% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $380 mark per week – giving a return of 3.73% based on the median price in Suburb

Information supplied by:


July 2017

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House prices in Baxter are quite low, with a median of under $450,000. Thus, for many buyers, settling here could be a solution to Melbourne’s affordability problem.Full summary

Fringe suburb leverages its affordability
Median house price: $420,000
Three-year growth: 28.83%
Rental yield: 4.33%

On the outskirts of Melbourne’s urban district, Baxter may be regarded as a rural suburb, but it certainly shows as much potential as its city counterparts.

In fact, this distinction may be working to Baxter’s advantage as house prices are quite low here – a median of under $450,000. Thus, for many buyers, it could be a solution to Melbourne’s affordability problem. It is just an hour’s drive to the CBD – a move that residents may be willing to make to save on housing costs.

As a result, the suburb has been reporting consistent growth for the past 5 years at an average annual rate of 7.5%. At 4.3%, investor returns are considerable as well. Baxter is served by a railway station, as well as buses. There are also several primary schools and a kindergarten for families with young children.

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Metrics i HOUSE UNIT
$536,000 N/A
1.13% N/A
27.47% N/A
8.76% N/A
$375 N/A
45 N/A
3.64% N/A
24.29 N/A

Source: CoreLogic

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 2146
Median household income ($/weekly) 1128
Median age of persons 37
Median housing loan repayment ($/monthly) 1517
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 233 10.9
    25-34 years 336 15.7
    35-44 years 272 12.7
    45-54 years 337 15.7
    55-64 years 295 13.7
    Others 673 31.4
    Age Group
    Census Count Percent(%)
    Not Married 736 44.5
    Registered Married 696 42.1
    Defacto Relationship 223 13.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 1693 83.5
    New Zealand 23 1.1
    Papua New Guinea 40 2.0
    United Kingdom 174 8.6
    Other 26 1.3
    Others 72 3.6
    Country of Birth
    Census Count Percent(%)
    Christianity 1208 63.0
    No Religion 671 35.0
    Other Religious Groups 20 1.0
    Buddhism 15 0.8
    Islam 3 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 79 10.9
    $800-$999 86 11.8
    $1,000-$1,249 79 10.9
    $1,250-$1,499 79 10.9
    $1,500-$1,999 118 16.3
    Others 285 39.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 697 40.7
    Not in the labour force 531 31.0
    Employed, worked part-time 346 20.2
    Employed, away from work 70 4.1
    Unemployed, looking for work 68 4.0
    Person Characteristics
  • Census Count Percent(%)
    Professionals 112 10.1
    Technicians & trades workers 240 21.7
    Clerical & administrative workers 163 14.7
    Sales 115 10.4
    Labourers 147 13.3
    Others 331 29.9
    Occupation
    Census Count Percent(%)
    Pre-school 30 6.9
    Infants/Primary 147 33.9
    Secondary 132 30.5
    Technical or Further Educational Institution 60 13.9
    University or other Tertiary Institutions 45 10.4
    Others 19 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1967 96.5
    Flat, unit or apartment 66 3.2
    House or flat attached to a shop, office 5 0.2
    Semi-detached, row or terrace house, townhouse 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 408 50.9
    Fully owned 239 29.8
    Rented 152 19.0
    Other tenure type 3 0.4
    Tenure Type
Census 2011, ABS
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