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Halls Gap, VIC 3381

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 Halls Gap, VIC 3381 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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No Rent Data
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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 “Halls Gap, VIC 3381”

  1. The total adult population (15 years or older) of Halls Gap 3381 VIC is 426, with a median age of 44. Of those, 44.37% are married, 12.21% are divorced or separated, 37.79% are single and 5.40% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $6,852. The median monthly mortgage repayment for households in this suburb is $1,300 which is 18.97% of their earnings.

    Source: ABS Census Data (2021)

  2. Text: Located in the state of Victoria, the suburb of Halls Gap, coded 3381, is home to an estimated 675 households. As we venture into the third quarter of 2023, a snapshot of the property market for houses here reveals typical prices pegged at $662,265 AUD. The median weekly rent sits at $340, culminating in an indicative yield of just 2.67%, a figure marginally below the minimum attractive market requirement for cashflow-centered property investors.

    Halls Gap boasts an IRSAD score of 1000 out of 1217, suggesting fairly high socio-economic status among the population here. While the renter to owner ratio hovers at 33%, a figure slightly above the ideal, the units to houses ratio stands at an impressive 1%, indicating a very low presence of flats, studios and apartments – a favourable scenario for property investors.

    However, an affordability index of 38 years signals that the property market in Halls Gap can be quite challenging for buyers, as this indicates a longer than usual time period required to fully own a property.

    In terms of supply metrics, we see a stock on market Percentage of 0.15% for houses, a value signalling low supply which may increase demand from buyers. The inventory level for houses is similarly reasonable at 0.67 months. The building approvals Ratio for houses however rests at 0.0%, suggesting very low supply of new dwelling stock in the market.

    A typical house in Halls Gap stays on the market for only 18 days before getting sold, a value that highlights high demand in the area. Meanwhile, the vacancy rate for the suburb, considering both houses and units, is 2.27%, indicating relatively balanced demand for rental properties.

    The buy search index for houses stands neutrally at the average, nodding to the state/city average value of 5. This implies that online searches for property purchases in Halls Gap are matching the broader trend around the state or city.

    While a handful of these metrics wander into unfavourable ranges, the majority appear favourable for the property market here in Halls Gap. Prospective property investors should consider using HtAG Analytic’s customised Relative Composite Score (RCS) metric to achieve a comprehensive analysis of these metrics, as it utilises a data-rich approach, integrating over 80 metrics for a holistic market view.

    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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