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Fawkner, VIC 3060

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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 Fawkner, VIC 3060 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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5BR

Rent 

2BR

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

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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 “Fawkner, VIC 3060”

  1. The total adult population (15 years or older) of Fawkner 3060 VIC is 11,247, with a median age of 35. Of those, 47.43% are married, 9.34% are divorced or separated, 36.07% are single and 7.15% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $6,708. The median monthly mortgage repayment for households in this suburb is $1,876 which is 27.97% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Victoria, the suburb of Fawkner 3060 is home to an estimated 6063 households. With a typical house price of $742,424 in Q3 of 2023, and the median weekly rent standing at $443, this market promises an indicative yield of 3.1% – presenting an investment opportunity that certainly meets favourable requirements for cashflow-focused investors.

    Fawkner’s IRSAD score of 950 out of 1217 suggests an above-average socio-economic status among residents, with solid access to economic resources and potentially moderate-to-high income levels indicating a stable population base. The renter to owner ratio is slightly above the preferred range at 31%, however, this figure is not disproportionately high, demonstrating a balanced property ownership landscape.

    Investors will also welcome the relatively low units to houses ratio of 16%, indicating a market that isn’t oversaturated with units and is likely to have less competition among landlords for tenants – a positive aspect for rental returns. However, potential investors may need to consider the affordability index for houses, as it currently stands at 43 years – a warning sign of decreased housing affordability in the area.

    When looking at supply metrics, Fawkner 3060 stands impressively, with the stock on market Percentage for houses being as low as 0.25% and the inventory level for houses sitting comfortably at 0.9 months. Further favourability is reflected in the building approvals Ratio for houses, which is 0.47%, indicating a bare minimal supply of new home constructions.

    On the demand side, the area also fares impressively, with houses spending an average of only 24 days on the market, pointing to high demand. An exceptionally low vacancy rate of 0.96% (for both houses and units) further emphasises this demand. However, a buy search index of 3 might suggest limited demand, which deserves watching.

    In conclusion, Fawkner 3060 appears to present a number of favourable indicators as an investment location, despite a somewhat challenging affordability index and the Buy Search Index. Accompanied by HtAG’s Relative Composite Score metric that factors in over 80 metrics automatically, a careful, data-savvy investor could potentially find appealing opportunities in the suburb’s property market. As with all investment decisions, keeping an eye on property data trends is key.

    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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