Laverton

POSTAL CODE: VIC, 3028

HOUSE

UNIT

Property investors have seen a 0.41% gain in LAVERTON based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains LAVERTON, 3028 saw average growth in the long term.

The VIC suburb 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 $612,500

Profits averaged 0.67% per annum over a 3-year period, due to an upward trend in home prices in LAVERTON, 3028.

This means, real estate investors could earn a rental income of $440 based on current median home prices for the suburb.

The gross rental yield in LAVERTON, 3028 is 3.74%.

An average of 12.17 real estate transactions take place per month in LAVERTON which translates to 146 per annum.

Property investments in LAVERTON fare well against the rest of the country last year, registering a median home price increase of 16.77%.

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

Based on its average 5-year and quarterly capital gains LAVERTON, 3028 saw average growth in the long term.

This means, real estate investors could earn a rental income of $485 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In LAVERTON, homes and units usually stay on listing for an average of 68.8 days.

the VIC suburb 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 $585,000

Investors saw the median home price rise to $585,000.

LAVERTON ranks 216th on the list of best yielding suburbs for rental properties in VIC, posting a 4.31% return.

Surburb overview

Established in 1886, Laverton is a suburb located approximately 17 kilometres south-west of Melbourne's Central Business District. It falls within the cities of Hobsons Bay and Wyndham, which are local government areas. According to the 2021 Census, Laverton has a population of 4,760 residents.

The suburb's demographic profile is diverse, with a significant portion of the population born overseas. Notably, 15.3% of residents were born in India, 4.6% in the Philippines, and 3.0% in Myanmar. This multicultural composition is reflected in the variety of languages spoken at home and the range of cultural practices observed within the community.

Public transportation in Laverton is well-developed, providing residents with convenient access to Melbourne and surrounding areas. The Laverton railway station serves as a critical hub on the Werribee line, offering regular train services to the city. Additionally, several bus routes operate through the suburb, connecting it to neighbouring communities and essential services.

Laverton hosts a range of essential establishments catering to daily needs. The suburb features shopping centres, educational institutions, and healthcare facilities. For instance, Laverton P-12 College provides comprehensive education options, while local medical centres offer accessible healthcare services to residents.

Recreational opportunities abound in Laverton, with several parks and open spaces available for leisure activities. The Laverton Creek Trail offers scenic walking and cycling paths, promoting an active lifestyle among residents. The nearby Altona Beach, less than 10 minutes away, also provides coastal recreational options.

Laverton's combination of cultural diversity, accessible public transport, essential services, and recreational facilities contributes to its appeal as a residential suburb within Melbourne's western region.

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	$612,500	$585,000
Growth Report
Median Quarterly	0.41%	0.86%
Median 12 month	5.33%	16.77%
Median 3 years	2.08%	24.48%
Median 5 years	9.38%	0%
10 years average annual	5.61%	3.55%
Weekly media advert. rent	$440	$485
Time on Market	68.5 days	68.8 days
Gross Rental Yield Percent	3.74%	4.31%

Demographics (Median Values)*

Total Population 29201

Weekly Household Income 1387

Household Size 2.70

Average Age 36

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