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 6.73% 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 38.12% 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 $395 based on current median home prices for the suburb.

On average, rents on listings have reached the $395 mark, reflecting a 3.5% increase in returns based on the current median price in OFFICER.

OFFICER, 3809 ranks 326th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 238th on the list of best yielding suburbs for rental properties in VIC, posting a 3.5% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $587,000 $420,000
GROWTH REPORT
Median Quarterly 3.44% -2.33%
Median 12 month 6.73% N/A
Median 3 years 38.12% 13.82%
Median 5 years 80.62% 15.07%
10 years average annual 4.35% 8.51%
Weekly media advert. rent $395 $350
Time on Market 39.6 days 0.0 days
Gross Rental Yield Percent 3.5% 4.33%
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

Returning expats may increase property prices

Returning expats may increase property prices

Demographic experts forecast we are due for a “migration tsunami”, which will lead to extremely high housing demand. ...

How to negotiate a lower interest rate on your property loan

How to negotiate a lower interest rate on your property loan

If you feel like your home loan repayments will never come to an end, the key can be as simple as negotiating to get a lower interest rate. ...

How much are home owners spending on renovations?

How much are home owners spending on renovations?

As COVID continues to effect the economy, large number of people continue to renovate their homes. ...

REIA seeks amendment to current foreign investment fees

REIA seeks amendment to current foreign investment fees

The Real Estate Institute of Australia is seeking a new foreign investment fee structure for the residential property sector. ...

Vic homes record lowest time on market in 11 years

Vic homes record lowest time on market in 11 years

Despite being severely impacted by the COVID-19 pandemic, Victoria proved its resilience as homes get sold quicker in recent years. ...

credit tightening

Are Aussies up for another credit tightening?

Housing debt comprises most of the debt held by households, putting home owners at risk as debt levels reach a 30-year high. Could this trig...

Website Notifications

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