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Bundalong, VIC 3730

Home » VIC Real Estate Data » Moira Shire, VIC » Bundalong, VIC 3730

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 Bundalong, VIC 3730 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

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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 “Bundalong, VIC 3730”

  1. The total adult population (15 years or older) of Bundalong 3730 VIC is 439, with a median age of 51. Of those, 55.58% are married, 12.76% are divorced or separated, 26.42% are single and 3.87% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,052. The median monthly mortgage repayment for households in this suburb is $1,509 which is 21.40% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the state of Victoria, the suburban region of Bundalong 3730 consists of a modest number of 664 households. As we delve into the Q3 statistics of 2023, it’s evident that the average house price in Bundalong 3730 was recorded at $928,869, with a median weekly rent of $475. The overall indicative yield generated is lower than the attractive market requirement of 3%, at 2.67%.

    Economically, this area fares quite well, as indicated by the IRSAD score of 1001 out of 1217, pointing towards a reasonably good socio-economic condition and potential for future growth. The area exhibits a favourable renter to owner ratio of 13%, well below the 30% threshold, suggesting a stable demand for home ownership and a lower risk competition amongst property investors. Bundalong 3730 has a very low units-to-houses ratio of 1%, suggesting a market less saturated with rentals and thus, possibly long-term tenancies primarily from families.

    Nevertheless, the area turns out to be less affordable with an index that stands at 51 years to fully own a property, exceeding the typical 30-year mortgage period. This could likely be due to factors like high property prices or lower family incomes in the locality. The stock on the market percentage is observed at a highly favourable 0.17% suggesting a low supply. Additionally, the inventory level is in the favourable low supply zone of 1.33 months. The building approvals ratio for houses in the area is at 0.0%, which signifies a slow-paced growth and less supply in the foreseeable future.

    The average time taken to sell properties, also known as days on market, shows a high value of 110 days indicating a slightly lacklustre demand in the property market at Bundalong 3730. The vacancy rate that combines both houses and units stands at an ideal 2.38%, showing a healthy demand-supply equilibrium in the local market. However, the buy search index for houses, which registers at 3, sits at the lower end of the neutral range, indicating somewhat limited demand in the area.

    To sum up, despite some areas of concern, Bundalong 3730 provides certain favourable conditions for property investment. These include a low rental saturation, a well-balanced vacancy rate, and lower inventory pointing towards a lean supply side. Nonetheless, prospective investors should continue to watch the property market trends vigilantly to make the most efficient investment 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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