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Strathdale, VIC 3550

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 Strathdale, 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 “Strathdale, VIC 3550”

  1. The total adult population (15 years or older) of Strathdale 3550 VIC is 4,788, with a median age of 46. Of those, 49.71% are married, 12.41% are divorced or separated, 31.22% are single and 6.58% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $8,152. The median monthly mortgage repayment for households in this suburb is $1,517 which is 18.61% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within the state of Victoria, the suburb of Strathdale, postcode 3550, is home to an estimated 2,920 households. Delving into the third quarter of 2023, the property market in this suburb is as intriguing as it is promising, with house prices averaging at $642,562.

    Tenants in the area find themselves dedicating an average of $491 weekly to rent, leading to an indicative yield of approximately 3.97% for property owners. This satisfying yield surpasses the benchmark of 3% yield, demonstrating potential for cashflow-focused investors seeking rewarding investments.

    The socio-economic conditions in the suburb are notably appealing with an IRSAD score of 1003 out of 1217. This indicates a suburb populated by residents with relatively strong buying power and access to economic resources and can create a vibrant community thereby adding to the ‘vibe’ of the neighbourhood.

    From a property composition standpoint, Strathdale presents a favourable landscape for buyers and investors. Maintaining a low renter to owner ratio of 25%, it is far from saturation, ensuring longer-term stability and assurance in rental returns. There’s an optimal balance between apartments, flats, studios and houses, shown in the low units to houses ratio of 5%. This bodes well for landlords allowing for less competition for tenants and longer tenancy periods.

    However, the suburb’s affordability index comes in at 31 years, somewhat stretching the standard 30-year mortgage assumption. This suggests that a typical family might require a slightly longer period to fully own a property in the area, indicating a slightly decreased affordability.

    Examining the area’s supply, Strathdale hosts a minimal stock on market percentage of 0.28% for houses, while the inventory rests at a lean 0.87 months, tickmarking the favourable supply conditions for potential buyers and investors. The suburb also boasts a building approval ratio of 0.32% for houses, indicating a low supply of new dwellings, limiting oversaturation.

    Turning to demand metrics, houses typically stay on the market for 43 days, while the vacancy rate, encompassing both houses and units, stands at a moderate 1.79%. The suburb’s buy search index for houses holds a value of 4, suggesting a neutral yet fair demand.

    Overall, Strathdale presents an enlivening blend of variables for savvy property investors, with favourable yields, social demographics and supply metrics. While the affordability index and demand conditions warrant some measured considerations, the overall prospect of investing in Strathdale’s property market seems promising for the discerning investor.

    To automate the process of evaluating these intricate variables, investors can take advantage of HtAG Analytics’ Relative Composite Score (RCS) that comprehensively assesses more than 80 different metrics. And remember, it’s not just about the present values of these metrics but also their trends, so stay informed by tracking the changes over time.

    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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