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Boort, VIC 3537

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 Boort, VIC 3537 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 “Boort, VIC 3537”

  1. The total adult population (15 years or older) of Boort 3537 VIC is 799, with a median age of 57. Of those, 53.94% are married, 12.14% are divorced or separated, 21.03% are single and 13.14% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,796. The median monthly mortgage repayment for households in this suburb is $949 which is 16.37% of their earnings.

    Source: ABS Census Data (2021)

  2. Positioned in Victoria, the suburb of Boort 3537 is a quaint community environment with approximately 569 households. As we move into Q3 of 2023, property market statistics for Boort suggests favourable prospects for property investors and buyer agents.

    In terms of the essentials, the typical house price in Boort stands at $258,543, with homes fetching a median rental income of $300 per week. This equation places the indicative rental yield at an attractive 6.05%. This exceeds the 3% threshold, which especially appeals to cashflow-centred property investors.

    Boort also performs reasonably well in fundamental metrics. On the socio-economic front, Boort has an IRSAD score of 943 out of a possible 1217, referencing the socio-economic status of its residents. The renter to owner ratio in the suburb is an ideal 12%, minimising the risk associated with an oversaturated rental market. And, with a unit to houses ratio standing at a very low 1%, there’s less competition among landlords for tenants, which can help maintain higher rental yields.

    Boort performs excellently in terms of affordability. The suburb’s affordability index is calculated at 18 years. This value is significantly below 30 years hinting at high affordability among local residents and therefore, making it a favourable location for property investments.

    Analysing supply metrics, the suburb reports a stock on market Percentage of 0.18% for houses – a favourable figure indicating a low supply. The inventory level for houses is also excellent, standing at just 1.5 months, confirming a favourable low supply market. There’s a lack of Building Approvals, indicating minimal threat from an increase in future supply.

    Demand metrics for Boort 3537 present a mixed picture. With 47 days on market for houses, there’s a reasonably high demand. While the vacancy rate, combining both houses and units, is just 1.47%, indicating high demand. However, with a buy search index of 3 for houses, this could suggest limited demand.

    In conclusion, Boort 3537’s favourable supply and affordability metrics combined with a strong indicative rental yield highlight its potential. However, investors should monitor the buy search index and be aware of the current days on market to ensure they make an informed decision. The RCS (Relative Composite Score) metric developed by HtAG Analytics, capable of automating this extensive research with over 80 metrics, could be an invaluable tool in this respect.

    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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