Aberfeldie, VIC

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Livability Index
111.6
What's this?

Population: 3621

House Growth Prediction (per annual): 26%, 960th out of 5061

Unit Growth Prediction (per annual): 17%, 1029th out of 2987

Keywords: High Price, Valuable Market, High Dwelling, Diverse Language, Well Educated, Professional, Youth Worker, High Salary, Investment, Valuable House

Basics

Aberfeldie is a local community with population 3,621, and the population growth over the past decade is 5.01%. It has an average income $55,901 per annum. It has 79.4% of population who only speak English at home. Other top languages include Italian, Greek, Croatian, Arabic, Polish. Unemployment rate in Aberfeldie is 4.2% while people work as professionals is 29.5%. Aberfeldie has 0 Coles stores and 1 Woolworth stores. Its population density is 446.12 people per Square Kilometre.

Socio-Economic Indicator and Livability Index

Aberfeldie has Socio-Economic raw score 1086.1 while the average score across Australia is 1000. Therefore, Aberfeldie has advantage in terms of Socio-Economic measure. It obtains relative score 89 out of 100 across Australia, while relative score 92 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. Aberfeldie has a livability index 111.6, which is higher than average 100 across Australia. It ranks 528th 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 7.4% per annum in following 1-3 years. Comparing to average house growth rate 10.7% in Australia, Aberfeldie has a higher than average growth expectation. It ranks 3,083th out of 8,530 suburbs in Australia, which is predicted to be attractive to investors.

Unlike house, unit/flat/apartment in Aberfeldie is predicted to grow by 3.5% per annum in following 1-3 years. Comparing to average unit growth rate 3.7% in Australia, Aberfeldie has a lower than average growth. It ranks 2,076th 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 Aberfeldie, which obtains score of 98.1 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 Aberfeldie, which obtains score of 96.1 out of 100 within VIC based on local secondary school student exam performance. Considering the background of students in primary school, Aberfeldie has a better than average score, which is 83.4 out of 100. Similar to to primary school, secondary school has better than average score, which is 82.9 out of 100.

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Aberfeldie, VIC smart rating was calculated by GeoIndex Australia.

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