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Strathfieldsaye, VIC 3551

Home » VIC Real Estate Data » Greater Bendigo City, VIC » Strathfieldsaye, 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 Strathfieldsaye, 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 

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Rent 

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Yield 

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5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

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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 “Strathfieldsaye, VIC 3551”

  1. The total adult population (15 years or older) of Strathfieldsaye 3551 VIC is 5,143, with a median age of 36. Of those, 58.22% are married, 9.12% are divorced or separated, 29.61% are single and 3.15% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $9,512. The median monthly mortgage repayment for households in this suburb is $1,733 which is 18.22% of their earnings.

    Source: ABS Census Data (2021)

  2. Located within the state of Victoria, the suburb of Strathfieldsaye (3551) is estimated to be populated by approximately 2996 households. As we delve into the third quarter of 2023, we observe that the typical price for houses within this vicinity stands at $771,212.

    As for rental prospects, the median weekly rent seems to be set at $490, which thereby produces an indicative yield of about 3.30%. This figure just hovers above the minimum market requirement of 3% for cashflow-centered property investors, displaying reasonable revenue potential.

    Strathfieldsaye commands an IRSAD score of 1047 out of 1217, indicating a high socio-economic status that underscores favourable living conditions in the area. The favourable living conditions of Strathfieldsaye are further supported by its low renter to owner ratio of 13%, significantly below the 30% cap which is illustrative of a more stable, less competitive investment market.

    The suburb is mainly characterized by houses, as indicated by the unit to house ratio standing at an advantageous 0%. This insinuates fewer competitions amongst landlords for tenants, making for a more lucrative rental yield.

    Strathfieldsaye’s affordability index interestingly stands at 32 years. While this exceeds the standard 30-year mortgage period, it is an aspect of the property market that could be balanced out by numerous other favourable parameters.

    Supply metrics are encouraging with a stock on market percentage of 0.37% and an inventory level of 1.89 months, both signalling towards a low supply market which is generally more favourable. building approvals ratio falls within the safe range at 1.64%, indicating a controlled growth of new dwellings in the area.

    Demand appears to be relatively high in Strathfieldsaye, with the average ‘for sale’ listing remaining active for only 26 days on the market. The vacancy rate across both houses and units lands at a neutral 2.31%, settling within a balanced zone of supply and demand.

    Last but not least, the buy search index for houses measures up to 4. Despite being considered neutral, this metric still shows a steady interest from potential buyers in the suburb’s housing market.

    As is the case with any investment decision, it’s necessary to consider dynamics and changes in the market. In this instance, the Relative Composite Score (RCS) developed by HtAG Analytics could prove invaluable, providing an aggregated view that encompasses over 80 metrics.

    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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