Suburb Profile Report for Junction Village VIC (3977)

Junction Village House: Median price $512,500, Annual capital growth 9.48%, Number of sales 17, Weekly median advertised rent N/A

Junction Village Unit: Median price $290,000, Annual capital growth 5.26%, Number of sales 13, Weekly median advertised rent N/A

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

Property investors who have had real estate in Junction Village, 3977 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 19.19%

Over the longer term, Junction Village has seen property prices show investors a 57.69% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Junction Village, 3977. Typically our figures indicate that -6.80% is being offered, which puts this VIC suburb at 1258th most discounted overall in Australia.

On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.

Giving property investors a a stable capital gain of 5.45% for the last year, Junction Village, 3977 is the 610th highest performer in Australia in this respect.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Junction Village, 3977. Typically our figures indicate that -1.55% is being offered, which puts this VIC suburb at 1469th most discounted overall in Australia.

At number 1217 in a list of fastest selling suburbs, Junction Village is in the bottom 20% of suburbs in Australia with an average of days on market 101.76 for properties listed there.

Metrics i HOUSE UNIT
$512,500 $290,000
4.59% N/A
19.19% 5.45%
9.48% 5.26%
N/A N/A
17 13
N/A N/A
58.1 101.76

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 1158
Median household income ($/weekly) 774
Median age of persons 52
Median housing loan repayment ($/monthly) 1400
Average household size 2.3
  • Census Count Percent(%)
    45-54 years 124 10.7
    55-64 years 142 12.3
    65-74 years 112 9.7
    75-84 years 191 16.5
    85 years and over 115 9.9
    Others 475 41.0
    Age Group
    Census Count Percent(%)
    Registered Married 360 44.5
    Not Married 352 43.5
    Defacto Relationship 97 12.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 826 79.0
    Greece 12 1.1
    Papua New Guinea 25 2.4
    United Kingdom 91 8.7
    Other 24 2.3
    Others 67 6.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 6 0.6
    Christianity 708 70.7
    Hinduism 7 0.7
    Other Religious Groups 4 0.4
    No Religion 273 27.3
    Others 3 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 58 15.6
    $400-$599 71 19.1
    $600-$799 44 11.8
    $800-$999 33 8.9
    $1,500-$1,999 45 12.1
    Others 121 32.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 439 49.9
    Employed, worked full-time 281 31.9
    Employed, worked part-time 122 13.9
    Employed, away from work 21 2.4
    Unemployed, looking for work 17 1.9
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 96 22.7
    Clerical & administrative workers 55 13.0
    Sales 39 9.2
    Machinery operators & drivers 58 13.7
    Labourers 70 16.6
    Others 104 24.6
    Occupation
    Census Count Percent(%)
    Pre-school 12 7.8
    Infants/Primary 44 28.6
    Secondary 53 34.4
    Technical or Further Educational Institution 20 13.0
    University or other Tertiary Institutions 18 11.7
    Others 7 4.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 762 79.0
    Flat, unit or apartment 203 21.0
    Semi-detached, row or terrace house, townhouse 0 0.0
    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 207 53.8
    Being purchased 139 36.1
    Rented 39 10.1
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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Recent sales & rentals