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Aberfeldie, VIC 3040

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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 Aberfeldie, VIC 3040 located in Melbourne 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 “Aberfeldie, VIC 3040”

  1. The total adult population (15 years or older) of Aberfeldie 3040 VIC is 3,286, with a median age of 41. Of those, 51.46% are married, 8.70% are divorced or separated, 36.24% are single and 3.56% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $12,688. The median monthly mortgage repayment for households in this suburb is $2,600 which is 20.49% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the picturesque state of Victoria, the suburb of Aberfeldie 3040 houses approximately 1776 households. As we enter the 3rd quarter of 2023, the housing market in Aberfeldie displays steady trends.

    The typical price for houses in this charming suburb is at a robust $1,826,279 with a median weekly rent of $687. However, a more cautious approach might be recommended for cashflow-focused investors, as the indicative yield presently stands at 1.96%, which is lower than the preferred yield of 3%.

    In terms of socio-economic standing, Aberfeldie presents a compelling case. With an IRSAD score of 1101 out of 1217, it indicates a prosperous locale populated by residents who enjoy comparatively high access to economic resources, earnings, and employment in skilled professions.

    Aberfeldie’s fundamentals are attractive for long-term sustainable returns. Its renter to owner ratio is 20%, lower than the 30% warning threshold. This implies a lower risk of oversaturation with rental properties and therefore a more appealing and stable neighbourhood vibe. Additionally, units to houses ratio is a low 16%, reflecting less competition among landlords with more potential for attracting longer-term tenancies, pivotal for reliable rental income.

    However, the housing affordability in Aberfeldie is slightly questionable. The affordability index sits at 56 years, considerably higher than the average 30-year mortgage term, indicative of decreased affordability.

    Supply metrics reveal promising signs for the Aberfeldie market. With a stock on market Percentage at a mere 0.08% and inventory levels for houses at 0.32 months, both factors suggest a favourable low supply, which could push property prices up in the long- run.

    Despite the Building Approval ratio for houses sitting at a neutral 0.83%, the ‘Days on Market’ for houses is remarkably low at just 22 days, signalling robust demand from keen buyers.

    The combined houses and units vacancy rate is within the neutral range at 2.22%. Lastly, with a buy search index for houses at 4, demand in Aberfeldie remains healthy.

    To conclude, while Aberfeldie flirts with the edges of a few parameters, its metrics demonstrate a stable, growing investment locale. Potential investors are recommended to consider not only these metrics but also long-term trends and the positive strengths this suburb brings to the table. HtAG Analytics’ Relative Composite Score (RCS) could be a beneficial tool in amalgamating these metrics to identify Aberfeldie’s full potential.

    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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