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Barkers Creek, VIC 3451

Home » VIC Real Estate Data » Mount Alexander Shire, VIC » Barkers Creek, VIC 3451

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 Barkers Creek, VIC 3451 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 

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Rent 

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Yield 

2BR

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5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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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 “Barkers Creek, VIC 3451”

  1. The total adult population (15 years or older) of Barkers Creek 3451 VIC is 400, with a median age of 50. Of those, 54.00% are married, 11.75% are divorced or separated, 29.75% are single and 3.50% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $8,412. The median monthly mortgage repayment for households in this suburb is $1,602 which is 19.04% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Barkers Creek, postcode 3451, resides within the diverse state of Victoria and is comprised of approximately 232 households. As we journey into the third quarter of 2023, the standard house prices in Barkers Creek are documented at an exemplary $946,979. Consequently, the median weekly rent stands at $393, thus creating an indicative yield of 2.16%.

    When we delve into the socio-economic health of the suburb, Barkers Creek scores an above-average 1039 out of a possible 1217 on the Index of Relative Socio-economic Advantage and Disadvantage (IRSAD). This indicates a relatively high socio-economic status, enhanced access to economic resources and a population with varied professional skills.

    In terms of property ownership, the renter to owner ratio is considerably low, resting at 7%. In addition, the suburb showcases an overwhelming dominance of houses over units, with a units to houses ratio of a firm 0%.

    Looking at affordability, the index for Barkers Creek sits at 44 years, which calculates the estimated length of time required to fully own a property, based on variables such as current interest rates, median family income and the typical property prices in the area.

    From a supply perspective, the stock on the market percentage for houses edges towards the higher end of the neutral range at 0.86%, accompanied by an inventory level of 4.0 months. The building approvals ratio for houses is recorded as 0%.

    On the demand side, houses in Barkers Creek are nimbly moving off the market, averaging a snippet of 20 days. However, the vacancy rate, which combines both houses and units, is slightly peculiar, finding its balance at 5.88%.

    Despite the mixed trends, the buy search index for houses remains robust and promising at 6. This indicates a high demand for houses in Barkers Creek.

    While some of these metrics, such as the affordability index and vacancy rate, may initially seem less favourable, Barkers Creek still demonstrates a positive outlook overall as a majority of other metrics are favourable.

    It is advisable for investors to refer to the dashboard for visualising these trends and monitor the Relative Composite Score (RCS) calculated by HtAG Analytics. This will provide a comprehensive and automated analysis of over 80 metrics, aiding in informed 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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