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Glen Huntly, VIC 3163

Home » VIC Real Estate Data » Glen Eira City, VIC » Glen Huntly, VIC 3163

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 Glen Huntly, VIC 3163 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.

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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 “Glen Huntly, VIC 3163”

  1. The total adult population (15 years or older) of Glen Huntly 3163 VIC is 4,277, with a median age of 35. Of those, 39.30% are married, 10.76% are divorced or separated, 46.79% are single and 3.20% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $9,868. The median monthly mortgage repayment for households in this suburb is $2,000 which is 20.27% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Glen Huntly, postcode 3163, is located in Victoria and is home to an estimated 2,801 households. As we delve into the latest property market statistics for Q3 2023, we see that the typical price for houses in Glen Huntly is $1,567,027. With a median weekly rent sitting at $705, this results in an indicative yield of 2.34%, slightly below the minimum attractive market requirement of 3% for property investors focused on cash flow.

    Taking a look at the socio-economic aspects of Glen Huntly, the IRSAD score is 1083 out of 1217, indicating a generally favourable socio-economic status among residents. However, the renter to owner ratio and units to houses ratio require careful consideration. The renter to owner ratio is quite high at 45%, above what is generally considered as favourable (30% and below), signalling a potential risk over time due to the high proportion of renters. The area also has a high unit to houses ratio of 86%, indicating a potential oversupply of rental properties that could attract high competition among landlords.

    The affordability index for houses in Glen Huntly stands at 62 years, significantly exceeding the unfavourable threshold of 31 years. This data suggests the area’s property market could be out of reach for many potential homebuyers, particularly those on an average income.

    In terms of supply, Glen Huntly performs well with a stock on market Percentage of 0.31%, considered favourable as it indicates low supply. The inventory level for houses also sits within the favourable range at 1.0 month, suggesting the market can quickly absorb new listings. building approvals ratio for houses is at 0.0%, further solidifying the low supply narrative.

    The demand metrics show positive signs. The average number of days on the market for houses is only 13 days, considerably lower than the 35-day threshold for high demand. Additionally, the combined vacancy rate for houses and units is at 1.5%, indicating a healthy demand level. However, the buy search index for houses is slightly limited at 3.

    While some metrics such as high renter to owner ratio and low affordability could be cause for concern, majority of the indicators such as low supply and strong demand show favourable conditions for potential investment opportunities in Glen Huntly’s property market.

    Investors interested in a comprehensive overview of the property landscape can utilise the RCS (Relative Composite Score) developed by HtAG Analytics, which leverages over 80 metrics to automate the deep dive analysis commonly performed by seasoned investors.

    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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