Suburb Profile Report for Coronet Bay VIC (3984)

Coronet Bay House: Median price $355,000, Annual capital growth 6.00%, Number of sales 41, Weekly median advertised rent $310

  • 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.

  • House Report

VIC has seen average median house prices change by -1.79% which means that Coronet Bay, 3984 has not done well for property investors by showing a capital gain of 5.19% over the last year

The five-year average increase in median property values for Coronet Bay,3984 has given property investors a potential capital gain of 40.32% across each of those five years.

Property investors looking for a bargain in Coronet Bay should be aiming for at least -11.58% off the asking price, which is the average vendor discount being achieved at the moment.

With the median price for a house in Coronet Bay being $355000 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 4.54%

Metrics i HOUSE UNIT
$355,000 N/A
0.00% N/A
5.19% N/A
6.00% N/A
$310 N/A
41 N/A
4.54% N/A
79.90625 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 : Balanced (H), Balanced (U)
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Demographics
Total population 709
Median household income ($/weekly) 592
Median age of persons 56
Median housing loan repayment ($/monthly) 1323
Average household size 1.9
  • Census Count Percent(%)
    35-44 years 73 10.3
    45-54 years 92 13.0
    55-64 years 167 23.6
    65-74 years 129 18.2
    75-84 years 62 8.7
    Others 186 26.2
    Age Group
    Census Count Percent(%)
    Not Married 263 46.5
    Registered Married 254 44.9
    Defacto Relationship 49 8.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 540 80.2
    Hong Kong 9 1.3
    Papua New Guinea 14 2.1
    United Kingdom 60 8.9
    Other 9 1.3
    Others 41 6.1
    Country of Birth
    Census Count Percent(%)
    Christianity 413 67.2
    No Religion 193 31.4
    Buddhism 9 1.5
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 27 8.6
    $300-$399 48 15.3
    $400-$599 69 22.0
    $600-$799 46 14.6
    $800-$999 41 13.1
    Others 83 26.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 345 58.8
    Employed, worked full-time 126 21.5
    Employed, worked part-time 76 12.9
    Unemployed, looking for work 26 4.4
    Employed, away from work 14 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 28 13.0
    Professionals 30 13.9
    Technicians & trades workers 27 12.5
    Community & personal service workers 31 14.4
    Labourers 39 18.1
    Others 61 28.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 29 37.2
    Secondary 24 30.8
    Technical or Further Educational Institution 12 15.4
    Pre-school 9 11.5
    University or other Tertiary Institutions 4 5.1
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 668 99.4
    Flat, unit or apartment 4 0.6
    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 150 44.9
    Rented 96 28.7
    Being purchased 88 26.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table