Fraud Blocker

Viewbank, VIC 3084

Home » VIC Real Estate Data » Banyule City, VIC » Viewbank, VIC 3084

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 Viewbank, VIC 3084 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™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Viewbank, VIC 3084”

  1. The total adult population (15 years or older) of Viewbank 3084 VIC is 5,594, with a median age of 43. Of those, 58.38% are married, 8.76% are divorced or separated, 27.42% are single and 5.33% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $9,768. The median monthly mortgage repayment for households in this suburb is $2,171 which is 22.23% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of VIEWBANK, with the postal code 3084, is nestled within the vibrant state of Victoria (VIC) and is home to around 2773 households.

    Following an evaluation of the real estate market in the third quarter of 2023, we see that the typical house prices in VIEWBANK 3084 are at an impressive $1,202,895. This is coupled with a median weekly rent of $555 which produces an indicative yield of only 2.4%. This yield is slightly below the minimum 3% cashflow-centered yield expectation for property investors.

    Diving further into the socio-economic health of the area, VIEWBANK scores 1077 out of a possible 1217 on the IRSAD score, indicating inhabitants enjoy a good socio-economic status. The favourable socio-economic status of this area is further confirmed by the low renter to owner ratio of 13%, suggesting a stable area with long-term residents.

    In terms of property types, VIEWBANK leans heavily towards housing, with a unit to house ratio of just 8%. It is generally perceived that a lower ratio is better for the market as it could attract potential long-term tenants and restrict stiff competition among landlords.

    However, the suburb’s affordability index stands at a comparatively high 48 years likely making the property market less accessible to potential buyers.

    Concerning market supply, the property market has low supply with the stock on market Percentage for houses at 0.04% and an inventory level for houses edging at a mere 0.17 months. This may be favourable for property sellers with a less saturated market, yet could present a challenge for potential buyers. Similarly, the building approvals Ratio is low at 0.2% possibly further reducing new supply.

    On the demand side, VIEWBANK real estate is a hotspot. With an average of just 15 days on market for houses, it clearly attracts a high demand from potential buyers. The vacancy rate combined for houses and units is also incredibly low, standing at 1.69%, showing a continually occupied market.

    However, the suburb has A buy search index rating of 3 which indicates demand is only at state/city average.

    Overall, VIEWBANK 3084 demonstrates some favourable conditions with its high socio-economic score, good demand indicators, and a marked tendency towards homeownership. Yet, some metrics such as indicative yield, the affordability index and average buy search index need to be considered and watched for trends over time. As always, the creation of successful investment strategies stems from a nuanced understanding of all given property market data.

    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.

Leave a comment