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Basin View, NSW 2540

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Basin View, NSW 2540 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

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5BR

Rent 

2BR

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

1BR

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Basin View, NSW 2540”

  1. The total adult population (15 years or older) of Basin View 2540 NSW is 1,322, with a median age of 48. Of those, 46.14% are married, 13.84% are divorced or separated, 32.00% are single and 8.40% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,220. The median monthly mortgage repayment for households in this suburb is $1,532 which is 24.63% of their earnings.

    Source: ABS Census Data (2021)

  2. BASIN VIEW 2540 is a suburb in NSW, with a small community of roughly 792 households. This quiet and established suburb presents itself as a potential investment area as of the 3rd quarter of 2023. Homes in BASIN VIEW 2540 are priced typically at $671,525, with a median weekly rent of $479. This results in an indicative yield of 3.71%, surpassing the 3% mark that property investors often use as a minimum requirement to consider the market attractive.

    From a socio-economic viewpoint, BASIN VIEW is middle of the road, with an IRSAD score of 918 out of 1217. This score indicates a balanced demographic of income levels and access to economic resources. Moreover, the neighbourhood showcases a predominantly owner-occupier market with a renter to owner ratio of just 19%. The area also appears to strongly favour houses over units, as evidenced by a unit to house ratio of 0%. Such a market condition generally signifies lesser competition among landlords for tenants, hence maintaining higher rental yields.

    However, the affordability index for houses is listed at 42 years, which is above the typical 30-year mortgage, signifying some level of inaccessibility for those looking to purchase a home and become owner-occupiers in the area.

    Looking at supply metrics, BASIN VIEW has a stock on market Percentage of 0.63% for houses and an inventory level of 3.16 months. These figures suggest a rather balanced market, not favouring too much towards oversupply or undersupply. Meanwhile, the building approvals Ratio is 0.76%, indicating a modest increment of new dwelling stocks being introduced to the market.

    As for demand, houses in BASIN VIEW tend to stay on the market for approximately 92 days. While it’s not a high-demand scenario, it’s also not alarmingly low. The vacancy rate combines houses and units, and stands at a neutral 3.4%. Furthermore, the Buy Search Index, accounting for online search interest, is at a modest 4 out of 10, indicating a reasonable demand for homes in the area.

    In conclusion, while BASIN VIEW 2540 displays some favourable metrics such as higher yields and low renter to owner ratio, it is important to weigh these benefits against the relatively high affordability index and moderate demand figures. As always, keeping a vigilant watch on trends and further developments in the property market is crucial for making informed property investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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