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Sunset Strip, VIC 3922

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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 Sunset Strip, VIC 3922 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 “Sunset Strip, VIC 3922”

  1. The total adult population (15 years or older) of Sunset Strip 3922 VIC is 392, with a median age of 38. Of those, 32.40% are married, 23.21% are divorced or separated, 42.60% are single and 3.32% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $5,580. The median monthly mortgage repayment for households in this suburb is $1,448 which is 25.95% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Sunset Strip, located in Victoria with approximately 386 households, is noted for its unique property market dynamics as of the third quarter in 2023.

    Houses are typically priced at $709,250, with a median weekly rent at $427, the suburb was generating an indicative yield of 3.13%. This yield is eyebrow-raising for cashflow-centered property investors; it meets the minimum attractive market requirement of 3% yield.

    The socio-economic score for the area is 899, out of a possible 1217. This relatively high score points to a reasonable level of socio-economic prosperity in the area. Furthermore, with a renter to owner ratio standing at 26%, it indicates a healthy balance in the market, favourable for property investors given that the ratio is under the 30% threshold.

    Furthermore, this property landscape is imbued with potentially lucrative opportunities as reflected in the 0% units to houses ratio, pointing to fewer rental competitions among landlords and a stable property market favouring houses over apartments, flats, studios, and units.

    Despite an affordability index indicating a whopping 50 years to fully own a property, the threshold significantly surpasses the standard 30-year mortgage term, indicating decreased affordability.

    The suburb’s stock on the market percentage for houses stands at a relatively neutral 1.04%, avoiding the high supply bracket. The inventory level sits at 4.36 months, nudging to the higher side and indicating a slightly high supply market condition.

    The building approval ratio for houses was observed to be 0.0%, suggesting a low impact on market supply from new residential buildings. The average number of days a house listing remains active in Sunset Strip is 64 days, indicating a slightly high level of demand in the market.

    Despite the vacancy rate for houses and units combined being slightly high at 3.96%, the buy search index for houses equals the state’s average at 5, suggesting a neutral demand for house purchases.

    In summary, while some metrics may fall in less favourable ranges, it’s crucial to consider the overall picture, which in the case of Sunset Strip, shows a well-performing property market. To simplify your decision-making process, consider referring to automated tools such as the RCS (Relative Composite Score) by HtAG Analytics, which uses over 80 metrics in its analysis.

    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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