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Tarwin Lower, VIC 3956

Home » VIC Real Estate Data » South Gippsland Shire, VIC » Tarwin Lower, VIC 3956

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 Tarwin Lower, VIC 3956 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 

1BR

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Rent 

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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 “Tarwin Lower, VIC 3956”

  1. The total adult population (15 years or older) of Tarwin Lower 3956 VIC is 393, with a median age of 53. Of those, 56.49% are married, 10.94% are divorced or separated, 25.45% are single and 6.36% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $6,684. The median monthly mortgage repayment for households in this suburb is $1,548 which is 23.16% of their earnings.

    Source: ABS Census Data (2021)

  2. TARWIN LOWER 3956, located in the state of Victoria (VIC), is a suburb that comprises an estimated 423 households. As we move into the third quarter of 2023, we can observe that the typical house prices in this area are $773,841. With a median weekly rent of $240, this market is currently delivering a 1.61% indicative yield.

    The socio-economic score, also referred to as IRSAD is at a reasonable 1005 out of 1217. This score typically indicates the area’s access to economic resources, average income and the percentage of residents in skilled professions.

    When it comes to the dynamic between renters and owners in this suburb, the ratio stands lower at 11%, suggesting that a significant majority of properties are owner-occupied. Interestingly, this suburb demonstrates a zero percent ratio of units to houses, indicating all dwellings in this suburb are houses. This could largely attribute to the low renter to owner ratio and the suburban ‘vibe’ this market has to offer.

    The affordability index in TARWIN LOWER currently stands at 45 years–significantly higher than the average 30-year mortgage. Although this indicates a decreased level of affordability, it does also reflect the suburb’s desirability and potential for sustained growth.

    The supply and demand equations paint an interesting picture. The stock on market percentage for houses sits quite low at 0.3%, indicating that supply is limited. Meanwhile, the inventory level is 1.15 months, supplementing the notion that this market has a balance of supply and demand parameters.

    For those looking into new builds, the building approvals Ratio here is slightly high at 2.84% – an indicator of increased ongoing builds over the past year. However, properties here are snapped quickly with an impressive average of only 3 days on the market.

    The combined vacancy rate for houses and units in TARWIN LOWER is 3.0%, considered as a neutral demand. Moving on to the demand side, the buy search index for houses sits comfortably high at 6, showcasing steady and increased interest from potential buyers.

    All in all, TARWIN LOWER 3956 provides an interesting opportunity for property investors, particularly those focused on houses. Wise investment requires a comprehensive understanding of a region’s performance and potential, and that is especially relevant in this nuanced and progressive property market. Stay abreast of the live data, and remember to consider both local and wider market influences when making your next property investment decision.

    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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