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Brighton East, VIC 3187

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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 Brighton East, VIC 3187 located in Melbourne 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 “Brighton East, VIC 3187”

  1. The total adult population (15 years or older) of Brighton East 3187 VIC is 13,592, with a median age of 45. Of those, 52.40% are married, 10.33% are divorced or separated, 29.63% are single and 7.66% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $13,600. The median monthly mortgage repayment for households in this suburb is $3,300 which is 24.26% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the Victorian state of Australia, the suburb of Brighton East 3187 hosts an approximate number of 7594 households. As we venture into the third quarter of 2023, house prices in this suburb are tipping at $2,507,591. The median weekly rent stands at $848, culminating in a rather low indicative yield of 1.76%, especially for cashflow-focused property investors.

    The locale holds an IRSAD score of 1127 out of 1217, signalling a considerably affluent population with top-tier access to economic resources and more than likely earning above-average incomes utilised in skilled and demanding professions. The renter to owner ratio is an auspiciously low 20%, denoting a market that’s not over-saturated with rental properties. This reduces competition amongst landlords, potentially leading to stabilised rental yields over the longer term. Furthermore, a favourable units to houses ratio of 11% implies a lower proportion of units, thereby lessening competition among landlords for tenants while also potentially attracting families looking for longer tenancy periods.

    When it comes to affordability, Brighton East poses a challenge with an affordability index measuring a steep 72 years for full ownership of a typical property. This might deter potential homeowners, creating a more owner-centric market. On the supply metrics, the stock on market percentage for houses presents itself favourably at a low 0.12%, indicating a potentially high demand with limited supply. Added to this, the minimal inventory level for houses at 0.39 months, combined with a moderate building approvals ratio of 0.65% highlights an efficient market absorption of new listings.

    The demand metrics for Brighton East reveal some encouraging signs for property investors and homeowners alike. Properties are flying off the market in just 24 days, displaying a high demand marketplace. A balanced vacancy rate of 2.63% indicates a well-maintained balance between demand and supply, which is favourable for both buyer and seller perspectives. Meanwhile, the buy search index for houses at 4, though neutral, shows sufficient demand for house purchases in the area.

    As property investors, it’s essential to remember that while individual trends and metrics play a role, a snapshot view doesn’t paint the entire picture. A holistic approach is vital, paying due attention to all metrics and trends. Although some metrics might delve into unfavourable ranges, if majority lean towards favourable, those unfavourable can be compensated for.
    The HtAG Analytics’ RCS (Relative Composite Score) could be utilised for a more efficient and in-depth analysis of the market. This advanced tool inspects over 80 metrics to automate the research process, providing you with adequate knowledge and power to make informed 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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