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Tallangatta, VIC 3700

Home » VIC Real Estate Data » Towong Shire, VIC » Tallangatta, VIC 3700

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 Tallangatta, VIC 3700 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 

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Rent 

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Yield 

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Buy 

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Rent 

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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 “Tallangatta, VIC 3700”

  1. The total adult population (15 years or older) of Tallangatta 3700 VIC is 984, with a median age of 48. Of those, 46.95% are married, 14.43% are divorced or separated, 27.95% are single and 10.87% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $5,812. The median monthly mortgage repayment for households in this suburb is $1,128 which is 19.41% of their earnings.

    Source: ABS Census Data (2021)

  2. Home to an estimated 656 households, the suburb of Tallangatta, Victoria (postcode 3700), offers interesting opportunities for both property investors and buyers agents. Based on the Q3 2023 statistics, the medium house price in Tallangatta stands at a reasonable $494,622 with a median weekly rent amounting to $392. These figures generate an attractive indicative yield of 4.12%, surpassing the minimum 3% market requirement for cashflow-centered property investors.

    The IRSAD score for the suburb is relatively high at 910 out of 1217, suggesting a decent socio-economic status of the area’s residents. The renter to owner ratio measures at a low 21%, indicating an optimal balance and a decreased risk due to an oversaturation of rental properties. The ratio of units to houses is a favorable 8%, suggesting less competition amongst landlords and a potentially stronger appeal to tenant families who might prefer houses over units.

    According to the affordability index, it would take about 33 years to fully own a house in Tallangatta, factoring in aspects like interest rates and the typical property prices. Despite being slightly over the optimal 30-year mark, it is not beyond the threshold of affordability for many potential homeowners.

    Supply metrics portray an encouraging picture for this location. The suburb has a stock on market Percentage of 0.4% and an inventory level of 1.71 months. Both figures indicate low supply thus likely making real estate more valuable in this area. Furthermore, the building approvals Ratio for houses is at 0.0% suggesting a tight control on the supply of new dwellings.

    When it comes to demand metrics, Houses in Tallangatta stay on the market for 68 days on average, indicating a moderate level of demand. Meanwhile, the vacancy rate combines houses and units at 1.47%, which, although slightly towards the higher end, still suggests a leaning towards a high demand. The buy search index stands at 3, representing relatively neutral demand levels in this suburb.

    Overall, though there are areas of improvement, the favourable yields, desirable renter to owner ratio, and the favourable units to houses ratio combined with the encouraging supply metrics make Tallangatta an interesting prospect to consider for property market investors and buyer agents. As with all property investments, keeping a keen eye on market developments and continuously reassessing these metrics will help identify and capitalise on new opportunities as they arise.

    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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