Bulleen

POSTAL CODE: VIC, 3105

HOUSE

UNIT

Based on its average 5-year and quarterly capital gains BULLEEN, 3105 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that BULLEEN, 3105 obtained a 2.58% growth over a ten-year period. It ranks 3621st on our list of suburbs that property investors should look into.

BULLEEN, 3105 in VIC belongs to the local government area of Manningham.

BULLEEN, 3105 has a capital gain of 6.32% for the past year, which is higher than average compared to its 17.25% growth within a five-year period.

With the median home price in BULLEEN sitting at $1,380,000, and the average rent at $690, property owners could potentially earn a 2.6% increase in gross rental yield.

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

A steady increase in median property prices over a five-year period in BULLEEN, 3105 translates to a -1.5% capital gain.

Property investors enjoyed capital gains of 2.5% over the last 12 months in BULLEEN, translating to lower returns compared with its peers in VIC.

BULLEEN, 3105 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $820,000.

Profits due to an downward trend in home prices in BULLEEN, 3105 averaged -0.5% per annum over a 3-year period.

Home owners selling their properties and realtors in BULLEEN usually have to wait an average of 72.8 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $600 mark, reflecting a 3.8% increase in returns based on the current median price in BULLEEN.

BULLEEN, 3105 places 346th in Australia based on median property value growth during the quarter.

Surburb overview

Bulleen is a suburb of Manningham, approximately 13 kilometres northeast of Melbourne's Central Business District. According to the 2021 census, it has 11,219 residents.

The suburb's name is believed to derive from the nearby Bolin Bolin Billabong. In the local Indigenous language, "Buln-Buln" means "lyrebird."

Public transportation in Bulleen primarily consists of bus services, many of which provide routes to Melbourne's CBD via dedicated bus lanes on the Eastern Freeway and Hoddle Street. The suburb's Major roads include Manningham Road, Thompsons Road, Bulleen Road, Templestowe Road, and the Eastern Freeway.

Bulleen offers a range of essential establishments, including the Bulleen Plaza shopping centre on Manningham Road, which features a library, post office, medical centre, supermarket, and various specialty shops and cafes. Educational institutions in the area include St Clement of Rome Primary School, Marcellin College, and Bulleen Heights School, which caters to students with Autism Spectrum Disorder.

Numerous parks and green spaces in Bulleen support recreational activities. One such park is Banksia Park along the Yarra River, which offers bike paths and picnic facilities. Adjacent to Banksia Park is the Heide Museum of Modern Art. Other notable reserves include Bulleen Park, Yarraleen, and Morris Williams Reserves, providing residents with opportunities for sports and outdoor activities.

Bulleen's combination of residential amenities, educational institutions, and recreational facilities contributes to its distinctive character within Melbourne's eastern suburbs.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,380,000	$820,000
Growth Report
Median Quarterly	2.22%	-4.65%
Median 12 month	6.32%	2.5%
Median 3 years	-0.14%	-1.5%
Median 5 years	17.25%	7.75%
10 years average annual	2.58%	2.52%
Weekly media advert. rent	$690	$600
Time on Market	82.2 days	72.8 days
Gross Rental Yield Percent	2.6%	3.8%

Demographics (Median Values)*

Total Population 10873

Weekly Household Income 1501

Household Size 2.70

Average Age 45

Monthly Loan Repayment 2000

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

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