Suburb Profile Report for Tyabb VIC (3913)

Tyabb House: Median price $615,000, Annual capital growth 7.67%, Number of sales 29, Weekly median advertised rent $450

Tyabb Unit: Median price $443,500, Annual capital growth 4.75%, Number of sales 11, Weekly median advertised rent $335

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

Over the last year, property investments in Tyabb, 3913 have given investors a capital gain of 12.84%. This compares very favourably with the 2.87% for VIC as a whole.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Tyabb has increased when compared to the 5 year average annual rate.

Property buyers and investors in Tyabb 3913 should be seeing an average reduction in asking price of around -7.10% . This means that Tyabb is holding prices well when compared to other suburbs in VIC.

Tyabb, 3913’s gross rental yield is 3.80%

Across a shorter period, Tyabb, 3913 has seen a median price increase of 0.11% over the last quarter.

Residents and property investors in Tyabb have been waiting around 77.8 days to sell a property.

With the median price for a house in Tyabb being $443500 and the advertised rent reaching $335 the gross rental yield for property investors calculates out to be 3.93%

Information supplied by:


March 2019

M
O

W
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Rustic suburb sustains consistent demand

Postcode: 3913

Median house price: $566,000

Three-year growth: 43.3%

Rental yield: 3.8%

A suburb festooned with lush greenery and beautiful homes, Tyabb’s rustic, semi-rural charm draws a wide demographic of residents, including families and retirees.

Tyabb is part of the Western Port’s urban enclave, along with Crib Point, Hastings, Somerville and Bittern. There are several quality schools in this area, including Padua College and Flinders Christian College. Mornington-Tyabb Road leads into the suburb’s main shopping hub. Tyabb is particularly famous for its antique shops, and the Tyabb Packing House complex houses one of the largest collections of antiques in the southern hemisphere.

This location contributes to the suburb’s reasonable house prices, with a median of just over $550,000. Nonetheless, Tyabb’s distance from the capital has not affected its growth potential, as the suburb has maintained positive growth for the past five years to December 2018.

Metrics i HOUSE UNIT
$615,000 $443,500
4.90% 0.11%
12.84% N/A
7.67% 4.75%
$450 $335
29 11
3.80% 3.93%
58.3913043478261 77.8

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 3306
Median household income ($/weekly) 1318
Median age of persons 38
Median housing loan repayment ($/monthly) 1716
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 475 14.4
    25-34 years 342 10.3
    35-44 years 444 13.4
    45-54 years 508 15.4
    55-64 years 463 14.0
    Others 1074 32.5
    Age Group
    Census Count Percent(%)
    Registered Married 1305 53.3
    Not Married 889 36.3
    Defacto Relationship 254 10.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 2664 83.7
    New Zealand 29 0.9
    Papua New Guinea 36 1.1
    United Kingdom 305 9.6
    Other 38 1.2
    Others 112 3.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 0.9
    Christianity 1919 65.0
    Hinduism 7 0.2
    Other Religious Groups 15 0.5
    No Religion 979 33.2
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 100 9.8
    $600-$799 103 10.1
    $800-$999 110 10.8
    $1,500-$1,999 159 15.6
    $2,000-$2,499 102 10.0
    Others 447 43.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1012 39.9
    Not in the labour force 730 28.8
    Employed, worked part-time 621 24.5
    Employed, away from work 101 4.0
    Unemployed, looking for work 72 2.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 215 12.4
    Professionals 242 14.0
    Technicians & trades workers 313 18.1
    Clerical & administrative workers 267 15.4
    Labourers 193 11.2
    Others 500 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 47 5.7
    Infants/Primary 311 37.5
    Secondary 295 35.6
    Technical or Further Educational Institution 81 9.8
    University or other Tertiary Institutions 75 9.0
    Others 20 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2978 94.4
    Semi-detached, row or terrace house, townhouse 105 3.3
    Flat, unit or apartment 57 1.8
    Caravan, cabin, houseboat 7 0.2
    House or flat attached to a shop, office 7 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 574 51.0
    Fully owned 372 33.0
    Rented 173 15.4
    Other tenure type 7 0.6
    Tenure Type
Census 2011, ABS
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