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Foster, VIC 3960

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 Foster, VIC 3960 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 “Foster, VIC 3960”

  1. The total adult population (15 years or older) of Foster 3960 VIC is 1,803, with a median age of 59. Of those, 47.48% are married, 15.97% are divorced or separated, 25.18% are single and 11.09% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $5,736. The median monthly mortgage repayment for households in this suburb is $1,348 which is 23.50% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the heart of Victoria, the suburb of Foster, postcode 3960, is home to approximately 1436 households. As of the third quarter in 2023, properties in Foster are experiencing certain market trends that are worth a keen eye from both seasoned investors and fresh buyers.

    The typical house price in this region is currently at $625,379 with a weekly median rent standing at $336. Despite the seemingly attractive price point for aspiring homeowners, it’s noteworthy that the indicative yield is at just 2.79%, a touch below the desired 3% threshold for cashflow-focused property investors.

    However, Foster boasts an above average IRSAD score of 943 out of 1217, signalling a strong socio-economic standing that might imply solid access to economic resources and an inflow of high income earners. If we look at the renter to owner ratio, it tells a story of balance and opportunity. At just 20%, this ratio suggests that rental property markets are not saturated, providing a potentially more rewarding and less risky environment for long-term property investors.

    With investment opportunities also comes the importance of supply-demand balance. The units to houses ratio in Foster is favourable, sitting at a low 14%. This suggests that rental competition amongst landlords is less intense and may potentially lead to a higher rental yield as the competition for tenants is reduced.

    Affordability for potential homeowners, however, is a bit on the higher side with a years-to-own index of 43 years, which might be discouraging for aspiring homeowners. That said, on the flip side, this positions landlords in a favourable light where rental properties are more sought after due to affordability constraints.

    Examining supply metrics, we can see that Foster’s property market looks potentially enticing. The stock on market Percentage sits low at 0.26%, and the inventory for houses is at a favourable 1.33 months, indicating that the property market is absorbing new listings more efficiently. The building approvals ratio, at 0.35%, does not signal any oversupply concerns in the near future.

    In terms of demand, Foster enjoys popular interest, with the average property sitting only 23 days on the market and a balanced vacancy rate (for both houses and units) of 2.46%. The buy search index is at a neutral 4, indicating a moderate level of interest from potential buyers.

    Altogether, Foster offers a balance of opportunities and concerns. Certain metrics may fall outside the optimal range, but it’s important to consider the overall mix. As always, a savvy investor considers all variables and the holistic picture when making real estate 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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