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Coronet Bay, VIC 3984

Home » VIC Real Estate Data » Bass Coast Shire, VIC » Coronet Bay, VIC 3984

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 Coronet Bay, VIC 3984 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 

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Buy 

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Rent 

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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 “Coronet Bay, VIC 3984”

  1. The total adult population (15 years or older) of Coronet Bay 3984 VIC is 957, with a median age of 51. Of those, 38.45% are married, 22.57% are divorced or separated, 33.65% are single and 6.06% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $5,412. The median monthly mortgage repayment for households in this suburb is $1,300 which is 24.02% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Victoria, the suburb of Coronet Bay (3984), is home to an estimated 1228 households. As of Q3 2023, the typical price for houses in this coastal enclave stands at $588,325, with a median weekly rent of $366. These figures equate to an indicative yield of 3.23%, which slightly surpasses the minimum requirement making Coronet Bay a potentially favourable market for property investors focused on cash flow.

    Coronet Bay also boasts an IRSAD score of 890 out of 1217, a commendable rank that indicates a relatively high socio-economic status amongst its resident population. Evidence of this can be seen in the area’s renter to homeowner ratio at 21%, showing a majority of residents being homeowners, a favourable condition that adds to the desirability of the area amongst buyers.

    Further boosting Coronet Bay’s potential as an investment location is the units to houses ratio which stands at an optimal 0%. This balance tends to decrease competition among landlords and helps uphold rental yields. Additionally, areas with more houses than units usually draw larger families resulting in longer tenancy periods.

    Property affordability in the suburb, however, presents a challenge with the affordability index registering at 43 years. This time frame exceeds the typical 30-year mortgage and may test the financial stretch of potential buyers.

    In terms of supply metrics, the suburb reveals favourable conditions. The stock on market Percentage is recorded at a low 0.41%, indicating a limited supply of homes which could potentially induce an increase in property prices. Additionally, the inventory level for houses measures a favourable 1.82 months, demonstrating a capable market absorption of new listings. The building approvals Ratio further solidifies this data with a score of 0.0%, indicating a low influx of new dwelling stock.

    On the downside, the average number of days houses remain listed in the market sits at a less appealing 96, an indication of low demand. But this is somewhat counterbalanced by the area’s low vacancy rate of 1.57% and a high buy search index of 6, suggesting a strong buyer interest in the area.

    In summary, Coronet Bay exhibits a mix of favourable and challenging conditions, with high affordability acting as a potential deterrent to would-be buyers. However, the suburb’s high socio-economic score, favourable supply metrics, and strong buyer interest could make it an area of interest for enterprising property investors, pending an understanding of its market nuances.

    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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