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Tenby Point, VIC 3984

Home » VIC Real Estate Data » Bass Coast Shire, VIC » Tenby Point, 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 Tenby Point, 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 “Tenby Point, VIC 3984”

  1. The total adult population (15 years or older) of Tenby Point 3984 VIC is 177, with a median age of 52. Of those, 41.24% are married, 18.64% are divorced or separated, 35.03% are single and 5.08% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $6,332. The median monthly mortgage repayment for households in this suburb is $1,387 which is 21.90% of their earnings.

    Source: ABS Census Data (2021)

  2. Perched in the state of Victoria, the suburb of TENBY POINT 3984 is a closely-knitted community with an estimated 152 households. Entering into the third quarter of 2023, the local property market portrays a picture of affordable entry-level investments with the typical price for houses standing at $512,835. This price tag is paired with a median weekly rent of $280, producing an indicative yield slightly below the desirable 3% threshold at 2.84%.

    Probing further into the socio-economic aspects, TENBY POINT demonstrates a decent socio-economic status with an IRSAD score of 949 out of 1217. A secure and less competitive investment environment is formed due to a low renter to owner ratio standing at a comfortable 12%. Additionally, the suburb stands out with a 0% units to houses ratio, indicating it’s dominated by houses which affords less competition for tenants and the assurance of family-friendly neighbourhood.

    However, investors should note that the affordability index stands at 32 years, pinpointing decreased affordability in the area. Sensible investors need to balance this against their financial strategies and long-term objectives.

    Pivoting to the supply metrics, the stock on market Percentage is sitting snugly at 0.66%, revealing a neutral market condition. Additionally, TENBY POINT articulates low supply with an inventory level of 2.4 months. Similarly, the building approvals Ratio for houses is at an ultra-low 0.0%.

    Concerning the demand metrics, TENBY POINT experiences low demand with houses staying on the market for 189 days. The vacancy rate (combined houses and units) presents a neutral demand scenario at 3.0%. However, significant online interest has been observed with a buy search index of 8 denoting high demand.

    In conclusion, the TENBY POINT real estate marketplace demonstrates a noteworthy balance of metrics. While some indicators like affordability and days on market require careful observation, promising signs such as low renter to owner ratio and high buy search index provide promising investment insights. As always, taking a comprehensive approach to assessing all the pertinent data is key to informed property investment decisions.

    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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