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Rhyll, VIC 3923

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 Rhyll, VIC 3923 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 “Rhyll, VIC 3923”

  1. The total adult population (15 years or older) of Rhyll 3923 VIC is 756, with a median age of 60. Of those, 59.39% are married, 15.34% are divorced or separated, 19.44% are single and 5.82% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $6,308. The median monthly mortgage repayment for households in this suburb is $1,606 which is 25.46% of their earnings.

    Source: ABS Census Data (2021)

  2. The enticing suburb of Rhyll 3923, nestled in Victoria, is home to an estimated 694 households. As we gaze into the third quarter of the year 2023, typical house prices in this serene suburb stand at around $931,012. Meanwhile, the median weekly rent fetches a sum of $436. This peculiar combination creates an indicative yield of 2.44%, slightly below the recommended 3% for cashflow-centered property investors, but still noteworthy considering the context of the overall Australian property market.

    Quickly delving into the socio-economics of the area, Rhyll scores soundly with a rating of 1014 out of 1217 according to the IRSAD scale. This reflects a strong socio-economic standing, suggesting high incomes and strong purchasing power amongst its residents.

    Analysing Rhyll through a property investor’s lens brings pleasant surprises. The renter to owner ratio stands at a mere 12%, indicating a lower saturation of rental properties. This generally translates into high property returns in the long term. Furthermore, the suburb sees a low 4% units to houses ratio. With fewer units and more houses, Rhyll may offer less competition between landlords and thus higher rental yields.

    However, potential investors must be mindful of the affordability spectrum. The affordability index for houses here peaks at 58 years, considerably above the desired 31-year threshold. This could be indicative of decreased affordability in the area.

    As for supply metrics, the suburb threads on favourable territory with a stock on market Percentage for houses at 0.46%. This indicates a vibrant market, teetering delicately between high and low supply. inventory level for houses sits at 2.25 months, signalling a stable market absorption rate. The building approvals Ratio for houses though is fairly high at 2.92%, perhaps suggesting a surge in new dwelling stock in the market, creating a delicately balanced supply.

    Looking at demand metrics, the days on market figures leans a bit higher at 79, insinuating a lukewarm demand for properties. Countering this is the Vacation Rate combining both houses and units at a minimal 1.22%, suggesting steady high demand for living spaces.

    Lastly, the buy search index for houses resonates average at 5, based on the number of online ‘Buy’ searches relative to the state or city average. This supports the notion that demand seems to be ticking along nicely in this promising suburb.

    With a blend of favourable scores and minor setbacks, Rhyll appears to exhibit typical conditions encountered in the Australian property market. Property investors should be mindful of the Relative Composite Score (RCS) compiled by HtAG Analytics, leveraging 80+ metrics for a holistic market assessment. Remember, the understanding of the local market trends is key to unlocking potential gains.

    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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