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Cairnlea, VIC 3023

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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 Cairnlea, VIC 3023 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 “Cairnlea, VIC 3023”

  1. The total adult population (15 years or older) of Cairnlea 3023 VIC is 8,106, with a median age of 36. Of those, 50.69% are married, 9.65% are divorced or separated, 36.48% are single and 3.26% are widowed.

    The average household size is 3.4 people per dwelling, and the median household monthly income is estimated to be $7,992. The median monthly mortgage repayment for households in this suburb is $1,883 which is 23.56% of their earnings.

    Source: ABS Census Data (2021)

  2. Steeped in the heart of Victoria, the suburb of Cairnlea 3023, teeming with an estimated 3,334 households, showcases an intrinsic interplay of supply and demand dynamics in its property market. By delving deeper into the most pertinent metrics in Q3 2023, a compelling narrative around the investment potential of Cairnlea’s property market begins to unfold.

    A predominant feature of this narrative is the trend of house prices in Cairnlea, which on average, is projected to cost $986,777. The typifying rental income from these houses is poised at a median weekly rent of $470. This translates to an indicative yield of 2.48%, positioning the suburb a trifle below the 3% mark which is considered attractive for investors with a cashflow-centric disposition.

    Cairnlea’s socio-economic fabric is woven from a relatively healthy IRSAD score of 968 out of 1217. This indicator, in concordance with the current renter to owner ratio of a low 15%, underscores less competition and lower risk for property investors. Supplementing this is a favourable units to houses ratio of 5%, indicating far less saturation from rental properties, ultimately reducing competition among landlords for tenants, and enabling robust rental yields.

    That said, the affordability index in Cairnlea paints a rather cautionary tale. Factoring in the current interest rates, median family income, and typical property prices, this index stands at 48 years, significantly higher than the standard 30-year mortgage, suggesting a lowered property affordability in the area.

    Turning the spotlight on supply metrics, Cairnlea enjoys a noticeably low stock on market Percentage for houses at 0.3%, suggesting a pleasingly limited supply. Aligned with this is the inventory level for houses, which sits comfortably at a low 1.56 months of supply, indicating a market adept at absorbing new listings. The building approvals Ratio for houses, however, at 0.86%, indicates a modest upward pressure on new supply in the area.

    In terms of demand, the suburb’s houses stay an average of 79 days on the market. Despite this elongated period, Cairnlea’s vacancy rate straddles the desirability line at 1.0%, highlighting a balanced demand. This balance can also be seen in the buy search index for houses which is 3, mirroring a neutral demand level.

    The metrics reveal a predominantly favourable investment landscape peppered with slight challenges. But that is essentially the nature of property investing. The insights above, paired vigilantly with the HtAG Analytics RCS (Relative Composite Score) can exponentially empower your property market 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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