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Chewton, 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 Chewton, 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 

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Buy 

1BR

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Rent 

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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 “Chewton, VIC 3451”

  1. The total adult population (15 years or older) of Chewton 3451 VIC is 651, with a median age of 51. Of those, 35.94% are married, 19.82% are divorced or separated, 39.48% are single and 4.30% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $7,124. The median monthly mortgage repayment for households in this suburb is $1,517 which is 21.29% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of Victoria, the suburb of Chewton 3451 is a modest community, hosting an estimated 509 households. As we edge towards the final quarter of 2023, the typical house prices in Chewton 3451 are positioned at $823,665, partnered with a median weekly rent of $378. These figures coordinate to produce an indicative yield of 2.39%, painting a picture of the current level of return for property investors.

    The socio-economic landscape of Chewton is fairly healthy, with an IRSAD score of 997 out of 1217. This score offers a promising perspective on the suburb’s socio-economic standing, likely reflecting good access to economic resources, above-average income levels, and a high proportion of skilled occupations.

    When it comes to rental properties, there’s a healthy balance. The renter to owner ratio sticks at 15%, hinting at a market not oversaturated with rental properties, which is typically perceived as a positive for property investors by preserving the appeal of the neighbourhood and facilitating stronger long-term returns.

    However, substantial considerations underpin the investment attractiveness in Chewton. The units to houses ratio sits at 0%, showcasing a neighbourhood primarily comprised of houses. This skew towards houses over units often tends to attract longer tenancy periods, fostering more steady rental yield outcomes.

    Concerning affordability, the index for houses is at 45 years, which indicates it might take that long for a household to fully own a property factoring in interest rates, median income, and typical property prices.

    Probing into the supply metrics, Chewton shows a stock on market Percentage for houses at 0.39%, which falls within the favourable range, indicating a low supply. The inventory level for houses is at 3.0 months, revealing a neutral absorption rate of new listings on the market.

    In terms of future supply, building approvals Ratio for houses is at 3.73%, suggesting upcoming increase in supply, which could lead to a softer market condition in the subsequent periods.

    Turning to demand metrics, days on market for houses evidence at 137 days, indicating a slightly low demand in the market. The vacancy rate, which blends both houses and units, touches on 2.67%, falling within a neutral range, offering a balanced market. Meanwhile, the buy search index for houses is 4, also nesting within the neutral zone, neither high nor low.

    In conclusion, Chewton 3451, despite its mixed bag of metric results, holds potential as an investment location. As always, it’s crucial to keep a robust understanding of the latest property market trends. Sensing the market pulse can unlock opportunities for capital gains and positive cash flow.

    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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