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Leongatha, VIC 3953

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 Leongatha, VIC 3953 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 “Leongatha, VIC 3953”

  1. The total adult population (15 years or older) of Leongatha 3953 VIC is 4,795, with a median age of 45. Of those, 46.92% are married, 13.85% are divorced or separated, 30.51% are single and 8.65% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,556. The median monthly mortgage repayment for households in this suburb is $1,430 which is 21.81% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Victoria, the suburb of Leongatha 3953 is home to semi-rural living with an estimated 3664 household count. As data trends reflect the Q3 2023, average property prices for houses sit proportionately at $635432. The median weekly rent amounts to $443, generating an indicative yield of 3.63%. This yield aligns with the set attractive threshold for property investors with cashflow considerations, marking Leongatha as a profitable investment location.

    Regarding its socio-economic stance, Leongatha holds an IRSAD score of 936 out of 1217, suggesting a good socio-economic status with a majority of residents likely being professionals, skilled labourers or having a decent income.

    The renter to owner ratio resides at a welcoming 23%, meaning Leongatha’s housing market is stable and not over-supplied with rentals. This lower ratio assures potential investors on the lower risk the market holds, as well as the lower competition they need to face.

    The units to houses ratio in Leongatha stands at 12%, showing a more substantial presence of houses over units. This skewness towards houses often bolsters consistent and higher rental yields since it encourages less competition amongst landlords and promises longer tenancy periods usually associated with families.

    Nonetheless, Leongatha does indicate a prolonged affordability index for houses at 38 years, suggesting that it may take more than the average 30-year mortgage period to own a property fully. This elevated timeline could signal poorer affordability within the residential market.

    In terms of supply metrics, houses in Leongatha are beneficial. The stock on market percentage for houses is at a mere 0.24%, toying with the lower end of the range, and subsequent inventory levels at about 1.01 months – these are indicators of a favourable low supply market. Since the building approvals ratio for houses is at 0%, there is a diminished risk of new properties destabilising the supply-demand balance.

    From a demand viewpoint, Leongatha proves to be advantageous as well. Houses typically stay on the market for 26 days, a period well below the 35-day high demand identifier. The combined vacancy rate (units and houses) rests at 1.21%, indicating high local demand as low vacancy rates usually spell out limited available property supply. Moreover, the buy search index for houses sits comfortably at 4, fortifying modest market demand and consolidating Leongatha’s potential as a balanced market for property investment.

    In conclusion, despite some high metrics like the Affordability Index, the overall property market of Leongatha, VIC, suggests a favourable investment territory, especially for those focused on houses. As always, the ultimate decision must complement an investor’s strategy and acknowledge changes in market trends over time. Considering the Relative Composite Score (RCS) by HtAG Analytics can significantly simplify the research process involving over 80 metrics and contribute towards smarter 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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