Powered by MOMENTUM MEDIA
AREA REPORTS

Officer

Suburb Profile

Officer - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3809

house
unit

Property investors enjoyed capital gains of 2.2% over the last 12 months in OFFICER, translating to lower returns compared with its peers in VIC.

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

The suburb posted a 41.41% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $400 based on current median home prices for the suburb.

On average, rents on listings have reached the $400 mark, reflecting a 3.71% increase in returns based on the current median price in OFFICER.

OFFICER, 3809 ranks 389th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 694th on the list of best yielding suburbs for rental properties in VIC, posting a 3.71% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $560,000 $430,000
GROWTH REPORT
Median Quarterly 1.27% 2.02%
Median 12 month 2.2% N/A
Median 3 years 41.41% 16.53%
Median 5 years 96.49% 23.21%
10 years average annual 6.29% 21.25%
Weekly media advert. rent $400 $360
Time on Market 50.7 days 56.3 days
Gross Rental Yield Percent 3.71% 4.35%
demographics (median values)
Total Population
1414
Weekly Household Income
1294
Household Size
3.10
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

Regional town remains resilient

Regional town remains resilient despite COVID-19

Despite falling prices in many of Australia’s capital cities, a regional area is showing signs of growth, an industry expert has said. ...

REIA supports NSW tax reform

REIA supports NSW tax reform

A proposal by the NSW government, which could see a major overhaul of the tax system, has been welcomed by industry experts. ...

property investing

Millennials aren’t all that interested in property investing

Millennials aren’t all that interested in building a property portfolio, according to new research. ...

8 suburbs set to boom West Sydney

HomeBuilder prediction: 8 suburbs set to boom

There are eight areas that “are about to blow up”, thanks to the advent of the federal government’s HomeBuilder grant, according to a ...

Who lives in apartments

Who lives in apartments?

Almost half of all apartments in Australia are rented out, according to a new report which shines a comprehensive light on the types of peop...

Nicole Cannon

Should you freeze your mortgage?

While pausing mortgage repayments may be tempting for those struggling with payments, it may be best to explore other options first to avoid...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.