Suburb Profile Report for Tarwin Lower VIC (3956)

Tarwin Lower House: Median price $680,000, Annual capital growth 4.70%, Number of sales 17, Weekly median advertised rent $300

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

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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Tarwin Lower is in the bottom 20% in VIC when comparing median price capital growth over the last year. Tarwin Lower gave property investors a dismal capital gain figure when compared to the rest of the state, with 13.21%.

Tarwin Lower,3956 has offered an average of 13.21% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Tarwin Lower is giving property investors an average Vendor Discount of around -10.92%. This puts suburb at number 2nd in VIC when ranking the most discounted suburbs.

Advertised rents are around the $300 mark per week – giving a return of 10.40% based on the median price in Suburb

Metrics i HOUSE UNIT
$680,000 N/A
9.09% N/A
13.21% N/A
4.70% N/A
$300 N/A
17 N/A
10.40% N/A
110.253968253968 N/A

Source: Monthly data update for Jan 2022 as supplied by CoreLogic. Data is reported to the period ending Oct 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (U), Balanced (H)
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Demographics
Total population 360
Median household income ($/weekly) 971
Median age of persons 50
Median housing loan repayment ($/monthly) 1083
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 44 12.2
    35-44 years 49 13.5
    45-54 years 49 13.5
    55-64 years 64 17.7
    65-74 years 51 14.1
    Others 105 29.0
    Age Group
    Census Count Percent(%)
    Registered Married 171 65.5
    Not Married 67 25.7
    Defacto Relationship 23 8.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 283 84.2
    New Zealand 9 2.7
    Papua New Guinea 14 4.2
    United Kingdom 19 5.7
    Other 8 2.4
    Others 3 0.9
    Country of Birth
    Census Count Percent(%)
    Christianity 184 58.6
    No Religion 122 38.9
    Buddhism 5 1.6
    Judaism 3 1.0
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 13 10.5
    $400-$599 21 16.9
    $600-$799 15 12.1
    $1,000-$1,249 15 12.1
    $1,500-$1,999 20 16.1
    Others 40 32.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 110 39.0
    Employed, worked full-time 93 33.0
    Employed, worked part-time 57 20.2
    Employed, away from work 22 7.8
    Unemployed, looking for work 0 0.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 65 38.7
    Professionals 21 12.5
    Technicians & trades workers 16 9.5
    Sales 17 10.1
    Labourers 24 14.3
    Others 25 14.9
    Occupation
    Census Count Percent(%)
    Secondary 21 41.2
    Infants/Primary 20 39.2
    University or other Tertiary Institutions 4 7.8
    Pre-school 3 5.9
    Technical or Further Educational Institution 3 5.9
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 314 98.1
    Semi-detached, row or terrace house, townhouse 3 0.9
    Flat, unit or apartment 3 0.9
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 61 44.2
    Being purchased 43 31.2
    Rented 34 24.6
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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