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Bentleigh, VIC 3204

Home » VIC Real Estate Data » Glen Eira City, VIC » Bentleigh, VIC 3204

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 Bentleigh, VIC 3204 located in Melbourne 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 “Bentleigh, VIC 3204”

  1. The total adult population (15 years or older) of Bentleigh 3204 VIC is 14,682, with a median age of 39. Of those, 49.42% are married, 10.10% are divorced or separated, 36.21% are single and 4.24% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $11,508. The median monthly mortgage repayment for households in this suburb is $2,500 which is 21.72% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Bentleigh, 3204, located in Victoria, is estimated to be home to approximately 8,556 households. As we moved into the third quarter of 2023, the typical price for houses in Bentleigh was pegged at a robust $1,672,289 AUD. These houses commonly fetch a median weekly rent of about $691; this translates to an indicative yield of 2.15%, which, while below the 3% desirable mark, may still appeal to some strategic investors, particularly those eyeing capital growth.

    Bentleigh boasts an impressive IRSAD score of 1103 out of a possible 1217. This score signifies that the area is economically advantaged, with access to substantial resources, high income levels and a healthy concentration of skilled professions.

    The renter to owner ratio in Bentleigh is 28%, which is quite favourable, indicating a relative balance in terms of property tenancies. This balance is integral as markets oversaturated with rental properties often present lower long-term returns and are prone to risks including high competition with other investors.

    The units to houses ratio stands at 39%. This is within the favourable range and underscores the greater prevalence of houses in the Bentleigh property market. There’s generally less competition among landlords for tenants within such markets, which helps in negotiating higher rental yields.

    In terms of affordability, it would take an average of 57 years to own a house in Bentleigh outright, making local properties fairly unaffordable, based on traditional measures of the Affordability Index.

    When examining supply metrics, the stock on market Percentage for houses is presently at 0.2%, indicating a low supply which is favourable for sellers. The inventory level for houses is an appealing 0.72 months, indicative of a quick turnover. The building approvals Ratio for houses stands at 0.9%, suggesting a moderate level of construction activity.

    The market is experiencing high demand, with houses spending about 23 days on the market – well below the threshold that would indicate low demand. The combined vacancy rate for houses and apartments sits at 1.6%, suggesting a high level of demand from tenants. On the other hand, the buy search index for purchases stands at 3, indicating neutral demand from buyers.

    While Bentleigh presents a mixed bag of opportunities, tracking real estate data and staying knowledgeable about market trends would allow investors to effectively capitalise on potential investment opportunities in this suburb. Please consult the HtAG Analytics dashboard for visuals of these trends. Remember, the RCS (Relative Composite Score) metric by HtAG Analytics can automate the above research across 80-plus metrics, providing a comprehensive view of the suburb’s potential.

    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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