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Taylors Lakes, VIC 3038

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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 Taylors Lakes, VIC 3038 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 

1BR

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Rent 

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Yield 

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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 “Taylors Lakes, VIC 3038”

  1. The total adult population (15 years or older) of Taylors Lakes 3038 VIC is 13,049, with a median age of 45. Of those, 56.08% are married, 8.23% are divorced or separated, 31.66% are single and 4.02% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $9,440. The median monthly mortgage repayment for households in this suburb is $1,800 which is 19.07% of their earnings.

    Source: ABS Census Data (2021)

  2. TAYLORS LAKES 3038, located in VIC, boasts an estimated 6129 households, making it a sizeable suburban region in the state. As we move into Q3 of 2023, the standard price for houses in this suburb stand at $964,733. The weekly median rent here rests at $474, which presents an indicative yield of 2.55%, a slightly underwhelming figure considering the standard 3% market requirement for cashflow.

    Reflecting on the socio-economic condition, TAYLORS LAKES scores 1024 out of 1217 on the IRSAD score, indicating a fairly advantaged area regarding access to resources, income levels, and skilled professions. A beneficial factor for property investors is the lower renter to owner ratio of 10%, suggesting an owner-dominated market that doesn’t rank high in rental competition.

    The property scene in TAYLORS LAKES 3038 is mostly ruled by houses with a minimal units to houses ratio of 2%, which can have a positive impact on rental yields because of less competition among landlords. However, the affordability index runs a bit high at 40 years, potentially indicating a tougher market for medi-income families to fully own a property.

    Exploring the supply metrics for this suburb, the statistics reveal a favourable scenario for investors. With a stock on market Percentage for houses as low as 0.1% and inventory level at just 0.58 months, there’s notable low supply in the market. The building approvals Ratio, too, is at a lowly 0.19% suggesting slower growth in new residences.

    In terms of demand metrics, the days on market for houses averages 27 days, indicating a high demand in the market. The vacancy rate stands at an encouraging 1.01%, pointing to a high demand scenario where vacancies are filled quickly. However, the buy search index for houses, showcased at 3, suggests only moderate demand.

    Even though some market crucial indicators lie in the less favourable range, most metrics show promising signs for investors. TAYLORS LAKES 3038 can still represent a solid investment opportunity if the majority biases are towards favourable market conditions. For a more automated and comprehensive view of the market, HtAG Analytics’ Relative Composite Score (RCS) might be helpful because it encapsulates over 80 metrics to simplify your decision making.

    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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