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Jackass Flat, VIC 3556

Home » VIC Real Estate Data » Greater Bendigo City, VIC » Jackass Flat, VIC 3556

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 Jackass Flat, VIC 3556 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 “Jackass Flat, VIC 3556”

  1. The total adult population (15 years or older) of Jackass Flat 3556 VIC is 1,393, with a median age of 28. Of those, 39.20% are married, 11.34% are divorced or separated, 47.31% are single and 2.30% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $7,644. The median monthly mortgage repayment for households in this suburb is $1,515 which is 19.82% of their earnings.

    Source: ABS Census Data (2021)

  2. Surrounded by the picturesque tranquillity of the countryside, the quaint suburb of Jackass Flat, post code 3556, is nestled in the heart of Victoria. With an estimate of 842 households, the area presents a tight-knit community of residents.

    As we venture into the third quarter of 2023, the suburban property market illustrates some impressive statistics. Houses in Jackass Flat 3556 are typically priced at an alluring $554,611. Complimenting this, the median weekly rent has been pegged at $452, generating a compelling indicative yield of 4.24%. The promising yield can be attractive for investors with cash flow objectives.

    While keeping your fingers on the pulse of statistics, the IRSAD score is a fundamental metric to consider as it measures socio-economic conditions. With Jackass Flat scoring a decent 960 out of a maximum 1217, it mirrors a population with fairly good access to economic resources and a potential for strong income levels.

    The renter to owner ratio in this suburb comfortably sits at 24%, well below the threshold of 30%. This complimented by a units to houses ratio at 0% makes it an appealing market for property investment having a lower risk of competition among landlords and tenants.

    Jackass Flat also boasts an affordability index of 28 years for houses, aligning very well with the standard 30-year mortgage assumption. This highlights a fair balance of property affordability within the region.

    The supply metrics add to the attraction of the area as a potential real estate investment. While the stock on market percentage for houses is a modest 0.59%, the inventory level is pegged at an attractive 1.5 months. The building approvals ratio, signalling the development pace of the region, at 1.07% indicates a well-balanced supply situation.

    Mirroring a robust property market, the average number of days houses remain on the market in this region is a swift 26 days – possibly pointing to a high demand. The vacancy rate, although marginally high at 3.48%, is within acceptable levels cautioning for careful consideration. A buy search index of 4, although leaning towards the lower end, shouldn’t dissuade an astute investor given the overall positive scenario.

    In summary, while it’s crucial to evaluate each market trend and develop your own individual property strategy, the suburb of Jackass Flat displays potential as an attractive investment area. Be guided by HtAG Analytics’ Relative Composite Score (RCS) metric for a comprehensive analysis and continued monitoring to stay at the top of your real estate game.

    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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