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Nhill, VIC 3418

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 Nhill, VIC 3418 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 “Nhill, VIC 3418”

  1. The total adult population (15 years or older) of Nhill 3418 VIC is 2,039, with a median age of 47. Of those, 51.45% are married, 9.42% are divorced or separated, 31.00% are single and 7.95% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,948. The median monthly mortgage repayment for households in this suburb is $774 which is 11.14% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in Victoria, the suburb of Nhill 3418 is estimated to have a total of 1441 households. Entering the third quarter of 2023, the typical house price in Nhill 3418 stands at a comfortable $234,515, with the median weekly rent poised at $268. This combination creates an attractive indicative yield of 5.94%, exceeding the 3% benchmark for cashflow-centered property investors.

    Nhill 3418 presents a socio-economic score of 926 out of 1217, suggesting a relatively favourable socio-economic status within its population. What’s more, a renter to owner ratio of 23% implies a lower saturation of rental properties, fostering better returns and reduced risk in the long term.

    Further enhancing Nhill’s investment appeal is a low units to houses ratio of 4%, indicating less competition among landlords for tenants, often leading to higher rental yields, stable tenancy periods, and an overall appealing neighbourhood vibe. Added to that, the suburb’s affordability index sits at an attractive 13 years, presenting a high affordability for residents and investors alike to own property.

    The housing market of Nhill 3418 is characterized by a minuscule stock on market Percentage of 0.07%, suggesting a low supply level which favours the sellers’ market. Alongside this, the inventory level for houses is a mere 0.27 months, indicating a fairly low supply and swift absorption of new listings. Furthermore, with a Building Approval Ratio at 0%, there’s no threat of increased supply of house stocks in this market.

    The average days on market for houses is fairly high, at 65, but stays within the neutral range, suggesting a stable demand from buyers. Despite this, a vacancy rate of 1.22% reflects higher demand with limited supply, a potential advantage for landlords due to the chance of fetching higher rents. In terms of interest from potential buyers, the buy search index for houses stands at 3, hinting at a degree of limited demand, falling slightly below the desired range.

    In conclusion, whilst Nhill 3418 shows some metrics slightly off the most favourable range, the majority of its key indicators reflect strongly on its potential as a promising property investing suburb, especially for those targeting high rental yields. Utilising tools like HtAG Analytics’ RCS metric enables investors to track over 80 metrics, helping demystify complexities arising from numerous factors and their trends.

    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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