Swan Hill Rural City, VIC

Swan Hill Rural City is a local government area in Victoria, situated in the state’s northwestern region. The LGA’s property market is quite small, with a good mix of residential and commercial properties. House prices are still relatively low compared to other parts of the state, making it a popular destination for investors.

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The Swan Hill economy is based on a number of industries, including agriculture, tourism and manufacturing. The LGA is a major centre for fruit and vegetable production, and the region’s wineries are also a major tourist attraction.

Managers (18.6%), Labourers (14.7%), Professionals (14.1%), Technicians and Trades Workers (13.2%), and Clerical and Administrative Workers (10.7%) are the most prevalent professions in Swan Hill. Swan Hill residents aged 15 years and older have a median weekly personal income of $580.

The typical real estate in this LGA includes older homes on large lots as well as newer developments with smaller lots. In Swan Hill, 87.3 % of occupied private homes are detached houses, 3.9 % are semi-detached, row or terrace houses, townhouses, or other dwellings, 5.7 % are flats or apartments, and 1.6 % are other dwellings.

If you’re looking to invest in property in Swan Hill, Victoria, there are a few things you need to keep in mind. Firstly, it’s important to do your research and understand the market conditions in the area. Secondly, you need to be realistic about the potential for return on your investment. And finally, it’s important to risk assess the market you’re investing in.

Use the interactive dashboard below to compare suburbs in Swan Hill in terms of their property investment potential.

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Capital Growth Heatmap

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy 

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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This chart illustrates historical and projected quarterly typical price and number of sales, which are depicted as blue lines and green bars respectively. Council areas with average sales above 30/quarter and suburbs with sales above 7/quarter commonly produce high confidence forecasts.
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This chart shows historical and projected median rent and number of rentals, depicted as red lines and grey bars respectively. In many markets Rent prices lag the Typical Price by 1-2 years.
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This chart presents the gross rental yield, which is the value you generate from an investment property, represented as a percentage. The higher the percentage the better. Yield that is trending down frequently highlights a high demand market.
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Yield chart
This graph represents the dwelling demand profile for the LGA/suburb, which tends to correlate with the tenant preference for property type and number of bedrooms. Target dwelling type and number of bedrooms with the highest number of sales.
Upgrade to Starter Plan to see Demand Profile data.
Demand chart
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The chart below shows the proportion of units to houses in this area. Generally speaking the fewer units there are, the better.
unit to houses pie charts
The pie chart below shows the percentage of renters to owners in an area. Generally speaking the more owners the better.
Renters to owners pie chart
The chart below shows the IRSAD score for the area. IRSAD stands for the Index of Relative Advantage and Disadvantage. The higher the index, the more well off the population is in the area.
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IRSAD chart
This graph shows online search interest for sale and rent listings. The black line(s) represents the search index, which is the ratio of LGA/suburb searches to the state average. Value of 5 signifies that Buy/Rent searches are at state average. Be wary of areas with SI below 3.
Upgrade to Professional Plan to see Buy & Rent Search Index data.
Index chart
This chart plots the annual percent change in typical prices for all suburbs in this LGA. Suburbs that cross the red (zero) line more than 3 times present poor capital growth opportunities.
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GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

The most important metric for understanding the supply of homes in a given market. Stock on Market (SoM) is represented by bars which show the number of listings per month, and by a line which indicates the percentage of listed homes compared to the total number of dwellings in the area (SoM Percentage). A higher stock on market indicates a greater supply of properties.
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SOM chart
Inventory levels indicate the amount of stock available in relation to average monthly sales. Inventory levels above 3 months indicate a sizeable amount of stock available, while lower levels indicate diminishing supply. Decreasing inventory level trend can signal that prices may increase in the future.
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Inventory chart
Average number of years properties are re-sold in the area. The higher the value, the lower is the supply in the property market. Changing trend can act as a lead indicator to price increases / decreases.
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

The Days on Market metric shows how long, on average, it takes for listed properties to be sold. A higher number of days means that there is less demand for properties. Measured in days.
Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Monthly vacancies (bar) and Vacancy Rates (line) in the area. Vacancy rates serve as a rental market demand indicator. Lower vacancy rates point to greater demand in the rental market. Decreasing vacancy rates can act as a lead indicator to both rental and sale price increases.
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Auction clearance rates in the area. The higher the clearance rate, the greater is the demand in the market. This metric is most useful at LGA level. Some high density suburbs with active markets can also have good quality clearance rate data. However, this metric is somewhat sparse for 80% of suburbs.
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
You’re welcome to leave your feedback on our forum.

Property Market in Swan Hill Rural City, VIC

What other property markets are there near Swan Hill Rural City, VIC?

The Rural City of Swan Hill is a local government area in Victoria, Australia, located in the north-western part of the state.

Suburbs/localities in this Local Government Area: Goschen 3585, Gowanford 3544, Bannerton 3549, Kenley 3597, Kooloonong 3597, Kunat 3585, Lake Boga 3584, Lake Powell 3597, Liparoo 3549, Manangatang 3546, Miralie 3596, Beauchamp 3579, Murnungin 3544, Murrawee 3586, Murraydale 3586, Narrung 3597, Natya 3597, Nowie 3585, Nyah 3594, Nyah West 3595, Nyrraby 3585, Pental Island 3586, Piangil 3597, Pira 3585, Polisbet 3585, Robinvale 3549, Beverford 3590, Speewa 3585, Swan Hill 3585, Swan Hill West 3585, Tol Tol 3549, Towan 3596, Tresco 3583, Tresco West 3584, Turoar 3546, Tyntynder 3586, Tyntynder South 3586, Ultima 3544, Ultima East 3544, Vinifera 3591, Waitchie 3544, Wandown 3549, Bolton 3546, Wemen 3549, Winlaton 3585, Winnambool 3546, Wood Wood 3596, Woorinen 3589, Woorinen North 3589, Woorinen South 3588, Happy Valley 3549, Boundary Bend 3599, Bulga 3586, Annuello 3549, Castle Donnington 3585, Chillingollah 3585, Chinangin 3544, Chinkapook 3546, Cocamba 3546, Fish Point 3585, Gerahmin 3546

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