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Laverton

POSTAL CODE: VIC, 3028
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Property investors have seen a 0% 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 $610,000

Profits averaged 1% 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 3.75%.

An average of 12.42 real estate transactions take place per month in LAVERTON which translates to 149 per annum.

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. 

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