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Venus Bay, 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 Venus Bay, 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.

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 “Venus Bay, VIC 3956”

  1. The total adult population (15 years or older) of Venus Bay 3956 VIC is 810, with a median age of 58. Of those, 43.70% are married, 23.33% are divorced or separated, 28.77% are single and 4.32% are widowed.

    The average household size is 1.8 people per dwelling, and the median household monthly income is estimated to be $4,672. The median monthly mortgage repayment for households in this suburb is $1,083 which is 23.18% of their earnings.

    Source: ABS Census Data (2021)

  2. Venus Bay 3956 is an attractive suburb situated in Victoria and is constituted of approximately 2,507 households. As we enter the third quarter of 2023, we find an intriguing landscape within its property market for prospective investors.

    The typical pricing of houses within this area is revealed to be at an approachable $698,585. A glance at the rentals yields a median weekly figure of $401, which results in an indicative yield of 2.98%. Although this yield is slightly below the minimum attractive requirement of 3% for cashflow-centred property investors, it’s vital to consider this alongside other metrics for a comprehensive assessment.

    Venus Bay enjoys a healthy IRSAD score of 949 out of a possible 1217, indicating the suburb’s respectable socio-economic status. Further bolstering the suburb’s attractiveness is the renter to owner ratio, a low 15%, indicating the market is far from saturation and offers higher long-term returns and reduced risk.

    Dwelling types exhibit a unique characteristic in Venus Bay, with an impressive units to houses ratio of 0%. This means the suburb consists solely of freestanding houses favouring long term tenancy periods common amongst families and promising less landlord competition for tenants.

    However, Venus Bay also reveals a more challenging aspect, as indicated by the Affordability Index. The current index stands at 59 years, making it less affordable due to financial factors such as interest rates, and median family income.

    Providing more encouraging news, the suburb shows a satisfactory stock on market Percentage of 0.36% for houses. This points towards a low supply in the market, making it favourable for investment. inventory level for houses indicates a balanced market at 2.57 months. And with its building approvals Ratio for houses at an optimum 0.0%, the suburb experiences no surge in new dwelling stock, hence no foreseeable dilution of housing market value is expected.

    The current average number of days houses remain on the market is at 70 days, indicating a moderate level of demand. Meanwhile, the combined vacancy rate for houses and units sits at a comfortable 1.34%, further signalling a healthy demand. Consistent with this, a high buy search index score of 7 points to an increase in interest towards properties in the area.

    In certain aspects, Venus Bay may present some challenges. However, its promising IRSAD score, renter to owner ratio, units to houses ratio, and favourable supply metrics show it has the potential to offer solid long-term investment opportunities. As always, keeping an eye on market insights and trends is a valuable tool in the smart investor’s toolkit.

    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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