Ardeer

POSTAL CODE: VIC, 3022

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 4.64% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $711,000

The augmented property values in the suburb are trailing above the territorial average of 3.22% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $467.5.

Home owners selling their properties and realtors in ARDEER usually have to wait an average of 38.1 days days before their assets are lifted off the market.

The VIC suburb ranks 331st on the list of best yielding suburbs for rental properties in VIC, posting a 3.42% return.

It also places places 317th in Australia based on median property value growth during the quarter.

A survey of average capital gains or median home price increase in suburbs across the country shows that ARDEER, 3022 obtained a 4.63% growth over a ten-year period. It ranks 994th on our list of suburbs that property investors should look into.

ARDEER, 3022 has a capital gain of -5.22% for the past year, which is lower than average compared to its -3.75% growth within a five-year period.

With the median home price in ARDEER sitting at $545,000, and the average rent at $500, property owners could potentially earn a 4.77% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in ARDEER are low, as opposed to average gains per annum over the past five years.

ARDEER, 3022 in VIC belongs to the local government area of Brimbank.

Surburb overview

Ardeer, bearing the postcode 3022, is a suburb located approximately 15 kilometres west of Melbourne's Central Business District (CBD). As of the 2021 census, it has a population of 3,170 residents.

The suburb's diverse demographic includes young professionals, families, and retirees. Most of the population comprises couples with children, reflecting a family-friendly environment.

Public transportation in Ardeer is well-developed, offering residents convenient access to various parts of Melbourne. The suburb is serviced by the Ardeer railway station on the Serviceton line, facilitating easy travel to and from the CBD and surrounding areas. Additionally, several bus routes operate through Ardeer, providing further connectivity options.

Ardeer has various essential establishments, including educational institutions, healthcare facilities, and shopping centres. The suburb boasts a variety of cafes, restaurants, and boutique shops, contributing to a vibrant local economy. The presence of parks and recreational facilities enhances the quality of life for residents, offering spaces for leisure and community activities.

Recreational activities are abundant in Ardeer, with numerous parks and green spaces available for public use. The picturesque Kororoit Creek runs along the north and west border of Ardeer, providing opportunities for walking, picnicking, and outdoor sports. Additionally, the suburb's proximity to the Kororoit Creek Trail offers residents access to walking and cycling paths, catering to active individuals seeking to maintain a healthy lifestyle.

Ardeer's blend of urban convenience and community-oriented living makes it a desirable location for diverse residents.

You’re out of free articles for this month

Username or Email

Password Forgot password?

Keep me signed in on this device.

First Name

Last Name

Mobile

Organisation Type

By becoming a member, I agree to receive information and promotional messages from Smart Property Investment. I can opt out of these communications at any time. For more information, please visit our Privacy Statement.

Need help signing up? Visit the Help Centre.

Loading form...

Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$711,000	$545,000
Growth Report
Median Quarterly	1.57%	-4.39%
Median 12 month	5.13%	-5.22%
Median 3 years	4.64%	2.73%
Median 5 years	14.68%	-3.75%
10 years average annual	6.69%	4.63%
Weekly media advert. rent	$468	$500
Time on Market	38.1 days	72.2 days
Gross Rental Yield Percent	3.42%	4.77%

Demographics (Median Values)*

Total Population 3103

Weekly Household Income 1156

Household Size 2.60

Average Age 35

Monthly Loan Repayment 1517

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

Select a category

Age group

Top 10 Birth Countries

Dwelling Structures

Education

Household Income

Labour Force

Marital Status

Occupation

Religious Affiliation

Tenure Type