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Flemington, VIC 3031

Home » VIC Real Estate Data » Moonee Valley City, VIC » Flemington, VIC 3031

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 Flemington, VIC 3031 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 “Flemington, VIC 3031”

  1. The total adult population (15 years or older) of Flemington 3031 VIC is 6,022, with a median age of 34. Of those, 28.20% are married, 13.67% are divorced or separated, 53.97% are single and 4.30% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $8,764. The median monthly mortgage repayment for households in this suburb is $2,074 which is 23.66% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the state of Victoria, the suburb of Flemington (3031) is home to approximately 4515 households. With the third quarter of 2023 underway, the indicative yield derived from the median weekly rent of $582 and the typical house prices of $1,180,166 is 2.56%. Unfortunately, this yield falls below the cash flow-centered property investor’s minimal attractive market requirement of 3% yield.

    Flemington scored 976 out of 1217 on the IRSAD scale, indicating a relatively high socio-economic status within the population. This healthy score forecasts a flourishing community, with good access to resources and a high proportion of skilled professions, potentially driving up the appeal of the neighbourhood.

    38% of dwellings in the suburb maintained by renters. This falls above the optimal market range of 30% and below. While not an immediate red flag, it’s a factor warranting attention due to potential risks such as competition and lower long-term returns.

    The units to houses ratio is a balanced 48%, staying below the 50% mark that would otherwise imply a saturated rental market and the risk of a price drop in the event of market cooling.

    However, the affordability index for houses stands at a clear disadvantage, requiring an estimated 53 years to fully own a property. This surpasses the standard assumption of a 30-year mortgage, thus pointing to a less affordable housing market.

    Reflecting the supply metrics, the stock on market Percentage for houses perches at 0.81%, a neutral figure that suggests balanced conditions. Similarly, an inventory level of 3.46 months indicates the market’s moderate ability to absorb new listings, edging closer to the favourable range of less than 2 months of supply.

    The building approvals Ratio for houses, an indicator of forthcoming supply, is low at 0.05%, suggesting a slow rate of new developments.

    Highlighting the demand metrics, the average days on the market is an encouraging 22, revealing high demand and swift transactions. Likewise, the vacancy rate, considering both houses and units, is favourable at a low 1.69%, indicating that the supply is mostly being filled by renters. On the downside, a buy search index of 4 for houses suggests limited demand, just above the lower end of the neutral range.

    Despite some unfavorable indicators such as yield and affordability, the suburb of Flemington showcases a robust market with balanced supply-demand dynamics, making it a prospective site for real estate investments. It’s vital, however, for investors to consistently review market trends and indicators to formulate advantageous decisions. The RCS developed by HtAG Analytics, which integrates more than 80 metrics, can be an instrumental tool in this endeavour.

    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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