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Strathmore Heights, VIC 3041

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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 Strathmore Heights, VIC 3041 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 

2BR

3BR

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5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

1BR

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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 “Strathmore Heights, VIC 3041”

  1. The total adult population (15 years or older) of Strathmore Heights 3041 VIC is 852, with a median age of 42. Of those, 54.69% are married, 9.04% are divorced or separated, 31.22% are single and 5.16% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $9,164. The median monthly mortgage repayment for households in this suburb is $2,167 which is 23.65% of their earnings.

    Source: ABS Census Data (2021)

  2. Residing in the state of Victoria, the suburb of Strathmore Heights 3041 houses an approximated 427 households. Typical house prices as at the third quarter of 2023 are recorded at $999,813, with median weekly rent costing $474. These amounts culminate in an indicative yield of roughly 2.47%, which, while slightly under the attractive 3% minimum for cashflow-centric investors, still presents potential for modest consistent income.

    Assessing the socio-economic milieu, Strathmore Heights boasts an IRSAD score of 1,042 out 1,217, positioning it as a suburb with relatively high income levels and access to economic resources. The renter to owner ratio is a desirable 16%, indicating a well-balanced property market, with a potential for higher yield and lower competition among landlords as opposed to rental-saturated markets. Bolstering this is the units to houses ratio, sitting low at 3% and reducing the risk of market oversaturation with rental properties.

    However, note of interest is the affordability index. At 43 years, it demonstrates decreased affordability within the area, possibly presenting challenges for potential buyers looking to quickly transition into ownership.

    Regarding supply, the stock on market Percentage for houses sits neutral at 0.82%, while the inventory level for houses is marginally above the favourable range at 3.27 months. The building approvals Ratio for houses is a non-risky 0.55%.

    In terms of demand, the market appears to be quite healthy. Houses in Strathmore Heights 3041 stay on the market for an average of only 24 days, demonstrating high demand. The vacancy rate (combining houses and units) resides comfortably at 1.43%, illustrating a market with high demand and low supply – favourable indicators for a property investment location. The buy search index for houses is equivalent to the state/city average at 5.

    In sum, while some figures marginally miss ideal ranges, Strathmore Heights 3041 presents valuable potential as an investment location. Consider the Relative Composite Score (RCS) by HtAG Analytics for comprehensive, automated research that considers over 80 metrics for a more accurate investment decision.

    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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