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Avondale Heights, VIC 3034

Home » VIC Real Estate Data » Moonee Valley City, VIC » Avondale Heights, VIC 3034

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 Avondale Heights, VIC 3034 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 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

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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 “Avondale Heights, VIC 3034”

  1. The total adult population (15 years or older) of Avondale Heights 3034 VIC is 10,411, with a median age of 45. Of those, 51.62% are married, 9.36% are divorced or separated, 30.05% are single and 8.99% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,156. The median monthly mortgage repayment for households in this suburb is $2,167 which is 26.57% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburban area of Avondale Heights, postcode 3034, is situated in the heart of Victoria and boasts an estimated figure of 5426 households. As of the third quarter of 2023, houses in Avondale Heights are showcasing typical prices around the $943,023 mark. The median weekly rent sits at a comfortable $481, consequently producing an indicative yield of 2.65%, slightly shy of the desired minimum market requirement of 3% for cashflow-centered property investors.

    Delving into the socio-economic aspects of Avondale Heights, the suburb commands an IRSAD score of 1012 out of 1217, indicating the significant socio-economic status of the local population. Of particular interest to property investors is the renter to owner ratio on offer in this suburb, being a low and investor friendly 20%. The units to houses ratio stands at a lean 9%, indicating a less saturated rental market, therefore lower competition amongst landlords.

    Going into affordability, Avondale Heights presents a slightly challenging picture with the years to own metric or affordability index reflecting 45 years, which exceeds the norm; this could potentially work as a discouragement to those first-home buyers looking for an easily attainable property.

    Switching attention towards supply metrics, Avondale Heights compensates for its affordability challenges by having a rather low stock on market Percentage for houses of 0.25%, which is favourable to sellers. Furthermore, the suburb has a favourable inventory level for houses of just 1.09 months. The building approvals Ratio for houses is also showcasing a promising 0.81%, indicating a slowed supply of new dwellings in the market.

    As for demand metrics, average days on market for houses in this suburb hangs around the 24 day mark, suggesting a high demand market. Meanwhile, the vacancy rate of 1.96% among houses and units indicates a balanced level of demand. However, a slightly low buy search index for houses, sitting at 3, could raise some concerns about limited demand.

    Even though certain metrics in Avondale Heights fall into unfavourable ranges, it’s important to consider the overall market conditions. The majority of the metrics reflect favourable conditions, providing promising signs for potential investors. Note the usefulness of the RCS (Relative Composite Score), developed by HtAG Analytics, which helps automate this research using over 80 metrics.

    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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