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Taradale, VIC 3447

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 Taradale, VIC 3447 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

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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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No Rent Data
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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 “Taradale, VIC 3447”

  1. The total adult population (15 years or older) of Taradale 3447 VIC is 469, with a median age of 52. Of those, 41.58% are married, 16.84% are divorced or separated, 38.38% are single and 3.62% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $7,168. The median monthly mortgage repayment for households in this suburb is $1,534 which is 21.40% of their earnings.

    Source: ABS Census Data (2021)

  2. A relatively intimate locality within Victoria, TARADALE 3447 is home to approximately 351 households. Delving into the Q3 2023 property market statistics for this area, we find that typical house prices are standing at a significant $955,654, with a median weekly rent of $280. These figures translate into an indicative yield of 1.52%. Whilst this is below the cashflow-centered property investors’ preferential yield of 3%, it may still appeal to a different clientele due to the low renter to owner ratio of 3% and no prevalence of apartment units making way for a strong community of homeowners in TARADALE 3447.

    Compared to the maximum IRSAD score of 1217, our suburb scores a robust 998, indicating a healthy socio-economic environment bearing high income levels and a skilled professional populace. Of course, with the grandeur comes an affordability trade-off; it is estimated that a standard 30-year mortgage would span over 52 years in TARADALE 3447 – indicating lessened affordability in the current typical house pricing range.

    The supply metrics show a promising figure; with the stock on market Percentage at a relatively low 0.28% and inventory levels at a mere 0.75 months, indicating a favourable low supply market. It’s also worth highlighting the fact that the building approvals Ratio for houses is 0% – pointing towards controlled new supply.

    Moving on to demand metrics, TARADALE 3447 steals the limelight with an impressive buy search index of 7, indicative of a high demand suburb. However, this acclaim is hindered by a high vacancy rate of 10.0%, denoting a possible oversupply of rental properties and lower demand. Yet, with a mere 15 Days on Market, houses seem to be quickly snapped up by eager buyers.

    It’s noteworthy to consider the RCS analysis as it uses over 80 metrics to aid those interested in making informed real estate investment decisions. Every property investor will find some areas of interest here with a blend of favourable, neutral and unfavourable figures. Recommendations would hinge on individual investor’s goals – whether it is capital gain, cashflow, or long-term growth.

    **The data is subject to change, and it’s always important to conduct thorough research and consider multiple different data sources and inputs when making 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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