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Axedale, VIC 3551

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 Axedale, VIC 3551 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

3BR

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 “Axedale, VIC 3551”

  1. The total adult population (15 years or older) of Axedale 3551 VIC is 749, with a median age of 37. Of those, 53.54% are married, 11.75% are divorced or separated, 30.57% are single and 4.81% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $8,756. The median monthly mortgage repayment for households in this suburb is $1,733 which is 19.79% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Axedale, postcode 3551, situated in Victoria, houses a small community of approximately 448 households. As we review the third quarter of 2023, we find that the typical prices for houses in this area stand at $732,457 with a median weekly rent priced at $550. This generates an indicative yield of a comfortable 3.9%, attracting property investors searching for solid cashflow potential.

    In terms of socioeconomic outlook, the IRSAD score for Axedale is 997 out of 1217 highlighting a relatively strong socio-economic status in the community. The area notably features a renter to owner ratio of just 7%, well below the 30% threshold where market saturation becomes a concern. Substantiating this further, we find that the unit to house ratio is at 0%, indicating a lack of competition amongst landlords for tenants which can positively affect rental yields.

    Affordability proves to be slightly challenging though, with an index showing it’ll take about 33 years to fully own a property – a detail that sits slightly above the standard 30-year mortgage term indicating a decrease in affordability. On the supply front, houses only occupy a 0.22% stake of the total market indicating a status of limited supply. This, along with an inventory level of just 1.09 months, suggests a quick absorption of new listings in the market.

    However, the building approvals ratio of 2.01% indicates an upcoming increase in dwelling stock, potentially creating challenging conditions in the future. days on market for houses are quite long-standing at 106, indicating a lower demand level. Although the vacancy rate, combining houses and units, is at a neutral 3.0%, the buy search index stands at a robust 6 demonstrating strong online demand for purchasing properties here.

    Overall, Axedale presents a mix of opportunities and challenges for potential property buyers and investors. While it touts a favourable socio-economic status and good property yields, it’s vital to consider metrics like affordability, potential increase in supply and current demand levels.

    Keep an eye on the overall property market trends as you consider investing in Axedale. Remember, it’s completely fine to have one or two metrics in an unfavourable range as long as the majority are favourable. Such comprehensive insights powered by HtAG’s Relative Composite Score (RCS) technology can help you make well-informed, strategic 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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