Suburb Profile Report for Poowong VIC (3988)

Poowong House: Median price $321,000, Annual capital growth 17.22%, Number of sales 10, Weekly median advertised rent N/A

  • 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

Property investors who have had real estate in Poowong, 3988 should be relatively 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 5.40%

Comparing Poowong,3988 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Sellers are offering property buyers an average discount of -8.57% to buyers in Poowong at the moment, which is less than average for the rest of VIC.

Often selling an investment property can take time, and in Poowong the average time real estate has been on the market is 56 days.

The VIC suburb of Poowong, 3988 is in the South Gippsland (S) local government area.

Metrics i HOUSE UNIT
$321,000 N/A
0.00% N/A
12.43% N/A
17.22% N/A
N/A N/A
10 N/A
N/A N/A
N/A 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 : Above average (H), Above average (U)
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Demographics
Total population 609
Median household income ($/weekly) 959
Median age of persons 43
Median housing loan repayment ($/monthly) 1100
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 86 14.1
    25-34 years 70 11.5
    35-44 years 65 10.7
    45-54 years 88 14.4
    55-64 years 112 18.4
    Others 188 30.9
    Age Group
    Census Count Percent(%)
    Registered Married 250 55.7
    Not Married 152 33.9
    Defacto Relationship 47 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 523 90.8
    Croatia 3 0.5
    Hong Kong 3 0.5
    Indonesia 6 1.0
    United Kingdom 29 5.0
    Others 12 2.1
    Country of Birth
    Census Count Percent(%)
    Christianity 320 60.5
    No Religion 202 38.2
    Other Religious Groups 4 0.8
    Judaism 3 0.6
    Buddhism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 21 10.1
    $600-$799 24 11.6
    $800-$999 31 15.0
    $1,250-$1,499 22 10.6
    $1,500-$1,999 27 13.0
    Others 82 39.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 184 39.1
    Not in the labour force 170 36.2
    Employed, worked part-time 86 18.3
    Employed, away from work 16 3.4
    Unemployed, looking for work 14 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 81 27.9
    Technicians & trades workers 28 9.7
    Clerical & administrative workers 40 13.8
    Machinery operators & drivers 36 12.4
    Labourers 32 11.0
    Others 73 25.2
    Occupation
    Census Count Percent(%)
    Infants/Primary 60 50.8
    Secondary 41 34.7
    Technical or Further Educational Institution 9 7.6
    Pre-school 5 4.2
    University or other Tertiary Institutions 3 2.5
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 570 98.8
    House or flat attached to a shop, office 7 1.2
    Semi-detached, row or terrace house, townhouse 0 0.0
    Flat, unit or apartment 0 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 109 48.7
    Being purchased 79 35.3
    Rented 30 13.4
    Other tenure type 6 2.7
    Tenure Type
Census 2011, ABS
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