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Travancore, VIC 3032

Home » VIC Real Estate Data » Moonee Valley City, VIC » Travancore, VIC 3032

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 Travancore, VIC 3032 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 “Travancore, VIC 3032”

  1. The total adult population (15 years or older) of Travancore 3032 VIC is 1,936, with a median age of 33. Of those, 31.20% are married, 9.97% are divorced or separated, 56.77% are single and 1.76% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $9,152. The median monthly mortgage repayment for households in this suburb is $1,513 which is 16.53% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated within the state of VIC, the suburb Travanore, postcode 3032, is home to approximately 1448 households. As we move into the third quarter of 2023, we’re seeing typical house prices in Travancore sitting around the $1,669,585 mark. With a median weekly rent of $542, this equates to an indicative yield for investors of around 1.69%.

    In considering the SES, Travancore ranks fairly well, boasting an IRSAD (Index of Relative Socio-economic Advantage and Disadvantage) of 1070 out of 1217, suggestive of a community with favourable socio-economic circumstances. However, it’s important to note the relatively high renter to owner ratio of 55%. While this could signal abundant tenancy options for investors, it’s a double-edged sword that could potentially spur increased competition amongst landlords and impact rental yields negatively.

    Additionally, the units to houses ratio in Travancore is high at 85%, indicating that the market is potentially oversaturated with units as compared to houses. This can impact the overall appeal of the suburb and could suppress prices due to an oversupply of such properties.

    When looking at housing affordability, Travancore comes in considerably high with an affordability index of 71 years for houses, often an unfavourable factor for prospective homeowners.

    Moving onto supply metrics, the stock on market percentage for houses is at 1.05%. While this doesn’t indicate an excess of unsold homes in the area, it doesn’t gesture towards a shortage either. It takes, on average, 2.4 months to sell a house in Travancore, which somewhat aligns with the stock on market percentage. It’s also important to note that there have been zero new houses approved for construction, painting a picture of stable supply.

    Houses on the market in Travancore aren’t languishing, averaging just a respectable 16 days on the market. The vacancy rate of 1.38% is a strong sign of high demand, which is great news for landlords. However, a buyer search index for houses at 3 suggests neutrality in terms of demand.

    On the whole, Travancore appears to be a mixed market with several factors to consider. Drawing any strong conclusions would require more in-depth analysis, while continuously taking stock of fluctuations and trends in these key property market metrics. Achieving a comprehensive understanding of these elements is made infinitely easier thanks to tools like HtAG Analytics’ RCS (Relative Composite Score), which automatically sifts through over 80 metrics to offer more precise insights.

    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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