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Delahey, VIC 3037

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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 Delahey, VIC 3037 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 

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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 “Delahey, VIC 3037”

  1. The total adult population (15 years or older) of Delahey 3037 VIC is 6,782, with a median age of 39. Of those, 47.08% are married, 12.65% are divorced or separated, 35.37% are single and 4.97% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $6,668. The median monthly mortgage repayment for households in this suburb is $1,517 which is 22.75% of their earnings.

    Source: ABS Census Data (2021)

  2. Delving into the scenic suburb of Delahey, located in Victoria, the area harmoniously accommodates roughly 3183 households. As we update the records for the third quarter of 2023, the typical house prices in Delahey 3037 stand at an appealing AU$640,656. The median weekly rent in the area hovers around $392 which boosts an attractive indicative yield of 3.18%. Such yields closely aligns with the core expectations of the cashflow-focused property investors in this region.

    The socio-economic status of Delahey needs special mention with its IRSAD score at a sturdy 902 out of 1217 indicating an affluent and upwardly mobile residential populace. The higher this score, the better for property investment, permitting investors to aim for a higher rental income and longer tenancy periods.

    The renter to owner ratio in Delahey leans prominently towards homeowners, at a mere 23%. This preference for ownership over rental subtly nudges the suburb’s profile to a higher standard of living and overall neighbourhood appeal.

    Taking stock of the units to houses ratio, Delahey boasts of a sizably larger number of houses as compared to units, with a mere 7% units. This leads to less competition amongst landlords for tenants, hence, maintaining higher rental yields.

    As for the key concern of affordability, the index for houses extends up to 38 years, a figure hinting at the elevated price tag of owning property in this area.

    In terms of supply metrics, Delahey’s houses present a notably low stock on market Percentage at 0.07%, and only 0.44 months of inventory, demonstrating an incredibly low supply market, thus making the market more competitive and potentially increasing property values.

    The building approvals ratio stays comfortably within range at 0.11%, showing only a slight increase in the supply of new dwelling stock.

    When it comes to demand metrics, Delahey performs impressively with houses being on the market for just 26 days, signaling high demand. Although the vacancy rate across houses and units is 1.11%, it indicates healthy demand for property in the area.

    The buy search index currently stands at 3, which is an average figure, hinting at a steady influx of potential buyers exploring their options in Delahey. With a majority of metrics in this region indicating favourable conditions for investment, Delahey certainly serves to be on the radar for savvy property investors.

    On the analysis front, the RCS (Relative Composite Score) metric developed by HtAG Analytics significantly simplifies and automates the research, utilising more than 80 metrics for a comprehensive result. Remember, while periodic market trends are vital, a deep-dive into the individual metrics always paints a more detailed picture.

    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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