Abbotsford, VIC

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Livability Index
111.4
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Population: 4907

House Growth Prediction (per annual): 19%, 2508th out of 5061

Unit Growth Prediction (per annual): 10%, 2367th out of 2987

Keywords: Young, Active Market, Valuable Market, Business Area, High Population Density, Workforce, Born Overseas, Diverse Language, Well Educated, Professional, Media, Finance, High Salary, High Rent, Valuable House

Basics

Abbotsford (Vic.) is a local community with population 4,907, and the population growth over the past decade is 22.7%. It has an average income $53,786.67 per annum. It has 64.9% of population who only speak English at home. Other top languages include Vietnamese, Greek, Cantonese, Mandarin, Italian. Unemployment rate in Abbotsford (Vic.) is 4.5% while people work as professionals is 41.1%. Abbotsford (Vic.) has 1 Coles stores and 0 Woolworth stores. Its population density is 3,098.78 people per Square Kilometre.

Socio-Economic Indicator and Livability Index

Abbotsford (Vic.) has Socio-Economic raw score 1070.9 while the average score across Australia is 1000. Therefore, Abbotsford (Vic.) has advantage in terms of Socio-Economic measure. It obtains relative score 85 out of 100 across Australia, while relative score 87 out of 100 within VIC. Factors considered in this score include income, education level, unemployment, occupation, housing pressure and so on. This score is generated by Australia Bureau of Statistics (ABS).

Similar to Socio-Economic measure, GeoIndex computes smart livability index by considering additional factors, including rental rate against income, property price against income, safety, transport, access convenience, environment, population density and so on. Abbotsford (Vic.) has a livability index 109.8, which is higher than average 100 across Australia. It ranks 777th out of 8,530 suburbs across Australia. Therefore, it is a suburb more livable for local communities.

Real Estate Price Forecast and Investment Guide

Based on our more than ten millions of historical property transaction data, wide range of predictors and cutting-edge algorithm, we predict the house price would grow by 7.2% per annum in following 1-3 years. Comparing to average house growth rate 10.7% in Australia, Abbotsford (Vic.) has a higher than average growth expectation. It ranks 2,921th out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Unlike house, unit/flat/apartment in Abbotsford (Vic.) is predicted to grow by 3.3% per annum in following 1-3 years. Comparing to average unit growth rate 3.7% in Australia, Abbotsford (Vic.) has a lower than average growth. It ranks 2,008th out of 8,530 suburbs in Australia, which is predicted to be not attractive to investors.

Education: Primary and Secondary School Index

As for education, Primary public school contribute to the attractiveness of Abbotsford (Vic.), which obtains score of 98.8 out of 100 within VIC based on local primary school student exam performance. Similar to primary school, secondary public school contribute to the attractiveness of Abbotsford (Vic.), which obtains score of 85.8 out of 100 within VIC based on local secondary school student exam performance. Considering the background of students in primary school, Abbotsford (Vic.) has a NA than average score, which is NA out of 100. NA to primary school, secondary school has better than average score, which is 76 out of 100.

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Abbotsford, VIC smart rating was calculated by GeoIndex Australia.

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