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Rutherglen, VIC 3685

Home » VIC Real Estate Data » Indigo Shire, VIC » Rutherglen, VIC 3685

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 Rutherglen, VIC 3685 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.

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Buy 

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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 “Rutherglen, VIC 3685”

  1. The total adult population (15 years or older) of Rutherglen 3685 VIC is 2,139, with a median age of 48. Of those, 47.22% are married, 15.10% are divorced or separated, 30.81% are single and 7.01% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $7,264. The median monthly mortgage repayment for households in this suburb is $1,300 which is 17.90% of their earnings.

    Source: ABS Census Data (2021)

  2. Rutherglen, postcode 3685, is a vibrant suburb located in Victoria. This community is estimated to home approximately 1505 households. As of the third quarter of 2023, the typical house price in Rutherglen sits at a comfortable $609,713. Properties yield a median weekly rent of $403 which translates to an agreeable indicative yield of 3.44%.

    From a socio-economic standpoint, the area holds a score of 945 out of 1217 on the IRSAD scale. This suggests a respectable socio-economic status for the population residing in Rutherglen, indicating robust access to financial resources, reasonable income levels, and potentially skilled professions.

    Rutherglen showcases favourable ratios when it comes to renters and units to houses. The renter to owner ratio stands at a low 19%, suggesting a welcoming community vibe and lesser competition for landlords looking for tenants. The units to houses percentage is within the community is only 5%, emphasizing a housing market that provides stability and is less likely to over-saturate with rentals.

    One consideration that potential investors need to keep in mind is the affordability index, which slightly tips over the favourable bracket at 33 years. This metric demonstrates the time it would estimate for a household to fully own a property in the area.

    In terms of supply, Rutherglen hosts a notably low stock on market Percentage at 0.21%, which indicates a low supply scenario and is a positive sign for potential investors. The inventory level is also favourable with just 1.16 months’ worth of sales pending.

    The Building Approval Ratio, a crucial metric to gauge potential supply increases, also leans favourably at 0.34%, indicating a controlled approval rate for new residential buildings.

    In terms of demand metrics, the days on market figure for houses stands at 54, an average value indicating a neutral market. The vacancy rate, encompassing both houses and units, is at a promising 1.76%, showing somewhat high demand for properties. However, the buy search index for houses sits at 4, signifying comparatively limited demand, but still within an acceptable range.

    To round it up, Rutherglen’s property market in Q3 2023 demonstrates a well-balanced blend of affordability, favourable supply-demand metrics and respectable socio-economic score. This means property investors may find value in this suburb, supported by the relatively high indicative yield and favourable renter to owner ratio. However, a comprehensive analysis like HtAG’s Relative Composite Score (RCS) can always provide a more accurate, high-level assessment of the property market in the area.

    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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