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Quarry Hill, VIC 3550

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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 Quarry Hill, VIC 3550 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 “Quarry Hill, VIC 3550”

  1. The total adult population (15 years or older) of Quarry Hill 3550 VIC is 1,935, with a median age of 40. Of those, 43.72% are married, 14.32% are divorced or separated, 38.19% are single and 3.82% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $8,584. The median monthly mortgage repayment for households in this suburb is $1,417 which is 16.51% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Quarry Hill, postcode 3550, is located in Victoria and is home to approximately 1280 households. By the third quarter of 2023, typical house prices in Quarry Hill were a moderately priced $628,629, with a median weekly rent of $391. These numbers yield an attractive 3.23%, meeting the minimum requirement for cashflow-focused property investors.

    Quarry Hill boasts an IRSAD score of 1004 out of 1217, indicative of the relatively high socio-economic status of its inhabitants. The area has a healthy balance of owners and occupants with a renter to owner ratio of 36% – low enough to maintain appeal yet providing ample potential for rental returns. The units to houses ratio stands at a low 6%, hinting at a market leaning towards houses over unit properties.

    Affordability in Quarry Hill is an attraction for potential homeowners, with the affordability index indicating that it would take an average of 29 years to fully own a home in the area – comfortably below the standard 30-year mortgage period.

    Further analysing Quarry Hill’s property market, supply metrics show an impressively low stock on market Percentage for houses at 0.28%. The suburb’s inventory level also reflects a favourable low supply situation, standing at 1.24 months. Additionally, the building approvals Ratio for houses is just 0.37%, further underscoring the subdued supply dynamics.

    From a demand perspective, Quarry Hill shows vigour. The average number of days on market for houses in the suburb is a lean 23 days, significantly shorter than the 35-day threshold for high demand markets. Vacancy rates, combining both houses and units, are on the lower side at 1.52%, suggestive of a buoyant rental market.

    Finally, the buy search index for houses sits right on the average at a value of 5 – representing a steady demand for purchases in Quarry Hill.

    While Quarry Hill presents a few favourable indicators, it’s important to keep a keen eye on all dynamic elements within the property market. Using tools like the HtAG Analytics RCS metric which utilises over 80 metrics, can assist in maintaining an informed perspective and guide your strategic property 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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