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Nagambie, VIC 3608

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 Nagambie, VIC 3608 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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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 “Nagambie, VIC 3608”

  1. The total adult population (15 years or older) of Nagambie 3608 VIC is 1,905, with a median age of 51. Of those, 46.61% are married, 16.59% are divorced or separated, 28.77% are single and 7.98% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $6,596. The median monthly mortgage repayment for households in this suburb is $1,487 which is 22.54% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Victoria, the suburb of Nagambie, postcode 3608, is home to about 1750 households. As we approach the third quarter of 2023, the property market in Nagambie presents insightful information for investors and buyers alike.

    The typical house price in Nagambie stands at $717,423 and with a median rent at $437 per week, this market produces an impressive indicative yield of 3.17%. This yield surpasses the minimum attractive market requirement of 3% for cashflow-focused property investors.

    The socio-economic standing, gauged by the IRSAD score, is at a decent 932 out of 1217. This suggests that Nagambie’s local population enjoys fairly reasonable economic resources and income levels.

    The renter to owner ratio in Nagambie is a comfortable 23%, well below the threshold of 30%, which is a promising sign for potential investors. A low ratio such as this often signals an appropriate market balance, reducing risk and over-competition among landlords.

    Similarly, the suburb’s units to houses ratio is at a low 6%, indicating a predominance of houses over units. This ratio is favourable for investors as it can help maintain higher rental yields and attract longer tenancy periods.

    The affordability index for houses in Nagambie presents a bit of a challenge, sitting at a hefty 43 years. This is above the average 30-year scope and might indicate a somewhat decreased affordability in this area.

    Happily, the supply metrics show promise with a low stock on market percentage for houses at 0.31% and an inventory level indicative of a tight market at 1.54 months. The building approval ratio for houses also sits comfortably under the threshold at 0.75%.

    Houses in Nagambie are snapped up quickly, with an average of only 16 days on the market. The vacancy rate, incorporating both houses and units, sits at 1.7% showing high demand for properties in the area.

    Lastly, the buy search index for houses in Nagambie is 4, highlighting an average level of demand.

    Whilst a couple of metrics hover in the higher ranges, the majority show great promise making Nagambie a worthwhile consideration for potential property investors. Remember, always utilise resources like the HtAG Analytics’ RCS metric to automate your research and keep abreast of market trends.

    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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