Suburb Profile Report for Pearcedale VIC (3912)

Pearcedale House: Median price $650,000, Annual capital growth 6.53%, Number of sales 43, Weekly median advertised rent $430

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

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

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Property investors who have had real estate in Pearcedale, 3912 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.76%

Comparing Pearcedale,3912 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.90% offered to property buyers. Sellers in Pearcedale itself are offering an average vendor discount of -8.57% to real estate investors.

Renters in Suburb are facing rents around $22360 per annum or $430 every week.

Information supplied by:


June 2018

M
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W
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Rural suburb grows

Postcode: 3912

Median house price: $597,500

Three-year growth: 32.3%

Rental yield: 3.3%

Buyers are in strong competition for houses in the suburb of Pearcedale, 12km from Frankston.

The market has been on fire since 2013, with an average annual growth rate of 6.8%. In the 12 months leading up to March 2018, the suburb recorded an 11.1% increase in prices, although the three months to March showed a slight drop of 1.6%. With houses being on the market for an average of just 35 days despite a median house value of almost $600,000, it is a very good sign of potential for a suburb located far from Melbourne.

Pearcedale is a rural area, and its industry is largely centred on agriculture, with cattle, gardens and farms. Pearcedale Primary School is well known for teaching hearing-impaired children.

Metrics i HOUSE UNIT
$650,000 N/A
-1.52% N/A
-0.76% N/A
6.53% N/A
$430 N/A
43 N/A
3.44% N/A
62.3333333333333 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. 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 3870
Median household income ($/weekly) 1396
Median age of persons 39
Median housing loan repayment ($/monthly) 1700
Average household size 3
  • Census Count Percent(%)
    5-14 years 573 14.8
    25-34 years 353 9.1
    35-44 years 596 15.4
    45-54 years 639 16.5
    55-64 years 524 13.5
    Others 1185 30.6
    Age Group
    Census Count Percent(%)
    Registered Married 1545 53.6
    Not Married 1044 36.2
    Defacto Relationship 292 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 3222 86.1
    Japan 28 0.7
    Papua New Guinea 42 1.1
    United Kingdom 255 6.8
    Other 49 1.3
    Others 147 3.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 23 0.7
    Christianity 2328 66.4
    Islam 7 0.2
    Other Religious Groups 10 0.3
    No Religion 1134 32.4
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 96 8.8
    $1,000-$1,249 119 10.9
    $1,250-$1,499 118 10.8
    $1,500-$1,999 179 16.3
    $2,000-$2,499 127 11.6
    Others 457 41.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1252 42.0
    Not in the labour force 842 28.3
    Employed, worked part-time 673 22.6
    Employed, away from work 132 4.4
    Unemployed, looking for work 80 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 231 11.2
    Professionals 244 11.9
    Technicians & trades workers 444 21.6
    Clerical & administrative workers 303 14.7
    Labourers 236 11.5
    Others 598 29.1
    Occupation
    Census Count Percent(%)
    Pre-school 53 5.3
    Infants/Primary 362 36.1
    Secondary 367 36.6
    Technical or Further Educational Institution 92 9.2
    University or other Tertiary Institutions 96 9.6
    Others 33 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3689 99.7
    Semi-detached, row or terrace house, townhouse 4 0.1
    Caravan, cabin, houseboat 3 0.1
    House or flat attached to a shop, office 3 0.1
    Flat, unit or apartment 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 656 53.6
    Fully owned 429 35.1
    Rented 131 10.7
    Other tenure type 7 0.6
    Tenure Type
Census 2011, ABS
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