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Sydenham, VIC 3037

Home » VIC Real Estate Data » Brimbank City, VIC » Sydenham, VIC 3037

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 Sydenham, 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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5BR

Buy 

1BR

2BR

3BR

Rent 

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Yield 

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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 “Sydenham, VIC 3037”

  1. The total adult population (15 years or older) of Sydenham 3037 VIC is 8,823, with a median age of 37. Of those, 46.32% are married, 11.75% are divorced or separated, 36.36% are single and 5.50% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $8,040. The median monthly mortgage repayment for households in this suburb is $1,680 which is 20.90% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in VIC, the suburb of Sydenham 3037 is estimated to have around 4295 households. As of Q3 of 2023, houses in Sydenham are typically priced at $680,521, with a median weekly rent of $425. This gives an indicative yield of 3.25%, which is attractive for cashflow-focused investors.

    Socio-economic conditions in Sydenham seem favourable, with the suburb scoring 970 out of 1217 on the IRSAD index. This score suggests that Sydenham’s residents have good access to economic resources, incomes are relatively high, and many work in skilled professions.

    In terms of property metrics, the ratio of renters to owners is 31% which, although slightly higher than preferred, gives the area a well-balanced rental market. This balance can lead to a healthy level of property competition, but without negative impacts on long-term returns.

    The ratio of units to houses stands at 24%. This low level means Sydenham has fewer units or apartments compared to houses. As such, landlords face less competition for tenants, potentially leading to longer tenancy periods and thus more stable rental incomes.

    However, the suburb’s affordability index is at 33 years, implying a higher than preferred cost of property ownership in the area. This could result in a reduced buyer pool and decrease demand in the long run.

    From a supply viewpoint, Sydenham’s stock on market Percentage stands at a favourable 0.34%, and its inventory level is just 1.3 months, indicating a low supply that could drive up property prices due to increased competition among buyers.

    Similarly, the building approvals Ratio is 0.59%, which is favourable and indicates a low potential for future supply growth.

    Properties in Sydenham spend an average of 50 days on the market. While this is not in the high demand range, it still showcases a reasonable level of demand in the area. Meanwhile, Sydenham’s vacancy rate is 1.04%, showing there is high demand for rental properties due to limited vacancy.

    Lastly, Sydenham’s buy search index for houses is on the lower side at 3, indicating subdued yet existent property demand.

    In conclusion, while Sydenham does have some metrics that are less favourable, such as its affordability index, a significant proportion of its property market indicators are favourable. These include its indicative yield, renter to owner ratio, and supply metrics. As always, having a clear understanding of market trends and data is crucial in making informed property investment decisions. For a comprehensive analysis, tools like the RCS developed by HtAG Analytics can be of assistance. The RCS uses over 80 metrics to provide investors with a holistic view of a property market.

    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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