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Barnawartha, VIC 3688

Home » VIC Real Estate Data » Indigo Shire, VIC » Barnawartha, VIC 3688

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 Barnawartha, VIC 3688 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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3BR

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Rent 

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

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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 “Barnawartha, VIC 3688”

  1. The total adult population (15 years or older) of Barnawartha 3688 VIC is 789, with a median age of 40. Of those, 49.18% are married, 14.70% are divorced or separated, 32.57% are single and 3.80% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,340. The median monthly mortgage repayment for households in this suburb is $1,495 which is 17.93% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Barnawartha, postcode 3688, nestles snugly within the state of Victoria and is counted home by an estimated 462 households. As we step into Q3 of 2023, various metrics highlight fluctuations and trends in Barnawartha’s property market for houses.

    To begin with, the typical price for houses in Barnawartha currently stands at $538,760. Homeowners or investment property landlords can anticipate achieving a median weekly rent of $402, which calculates to an indicative yield of 3.88%. This exceeds the minimum threshold of 3%, highlighting Barnawartha as a potentially lucrative spot for cashflow-focused property investors.

    From a socio-economic standpoint, Barnawartha scores 977 out of 1217 on the IRSAD scale. This favourable rating denotes relatively high economic resources and skilled occupations amongst its populace.

    Looking at the tenant landscape, Barnawartha boasts a low renter to owner ratio of 8%. This means rental properties don’t saturate the market, thereby reducing competition among property investors and enhances the neighbourhood appeal by maintaining a stable resident community.

    There’s a noticeable absence of units in the suburb with a units to houses ratio standing at 0%, which offsets any oversaturation risk from rental properties.

    Barnawartha shines in the affordability index, with a rating of 25 years – well below the 30-year mortgage standard. This suggests relative affordability for potential homeowners.

    However, a stock on market Percentage of 0.65% puts the suburb in neutral territory, indicating a balanced supply environment. Further, an inventory level of 6.0 months reveals a medium absorption rate for new listings, neither too high nor too low.

    The building approvals Ratio for houses is 0%, suggesting an absence of new dwellings in the pipeline, which could curb any future oversupply risks.

    Buyers seem to be taking their time with an average of 66 days on market for houses, showing a somewhat neutral demand. Meanwhile, the Vacancy Rate, combining houses and units, is 2.78%, leaning towards moderate demand territory.

    Lastly, the buy search index for houses is 4, suggesting a decent level of buyer interest in relation to the state average, another neutral metric.

    Barnawartha’s metrics reveal a balance between favourability and neutrality, which means careful consideration and up-to-date information should guide investment decisions. The RCS (Relative Composite Score) metric could be a useful tool to streamline real estate research and make data-driven investment choices in Barnawartha’s property market.

    Being on top of real estate data for key investment suburbs like Barnawartha consistently informs about potential opportunities for capital gains and positive cash flow. Remember, staying vigilant about market movements is key to advantageous property investment 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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