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Trafalgar, VIC 3824

Home » VIC Real Estate Data » Baw Baw Shire, VIC » Trafalgar, VIC 3824

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 Trafalgar, VIC 3824 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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Buy 

1BR

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Rent 

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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 “Trafalgar, VIC 3824”

  1. The total adult population (15 years or older) of Trafalgar 3824 VIC is 3,474, with a median age of 41. Of those, 47.47% are married, 14.48% are divorced or separated, 31.20% are single and 6.88% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,520. The median monthly mortgage repayment for households in this suburb is $1,432 which is 19.04% of their earnings.

    Source: ABS Census Data (2021)

  2. Tucked away in the vibrant city of Victoria, Trafalgar 3824 is a rising star on the property market radar, boasting an estimated 2,178 households. As the curtain pulls back on Q3 of 2023, the typical prices for houses in this charming suburb are hovering around $625,875, with a median weekly rent of $422. For investors steered by cashflow, this generates an indicative yield of an enticing 3.51%, nudging above the minimum 3% requirement.

    The socio-economic landscape of Trafalgar is vibrant, it scores 953 on the IRSAD scale, indicating a positive socio-economic status amongst residents. With a renter to owner ratio of only 21%, the suburb clearly presents less competition and lower risk for property investors, as this ratio is comfortably under the 30% threshold.

    Providing yet another positive note for potential investors, the units to houses ratio sits impressively low at just 5% – significantly below the tipping point of 50%. This suggests a more stable rental market with less landlord competition for tenants, often resulting in stronger rental yields and longer tenancy periods.

    However, one aspect to consider with a touch more caution is the affordability index. Currently standing at 33 years, it’s a tad higher than the standard 30-year mortgage term, indicating a marginally decreased affordability in the area.

    In terms of supply metrics, Trafalgar demonstrates favourable conditions with a low stock on market Percentage of 0.4% and a short inventory level of just 1.14 months. In addition, there are virtually no new residential buildings coming up, with the building approvals Ratio sitting at 0.0%.

    Looking toward market demand, properties in Trafalgar typically spend 35 days on the market – striking a balance in demand levels. With a combined vacancy rate of 1.55%, the suburb leans towards high demand indicating a higher opportunity for rental income. Lastly, the buy search index for houses is evidenced at 4, reflecting neutral demand.

    Inconspicuous but powerful, Trafalgar’s property market is packed with potential. The combination of favourable supply and demand conditions with a higher rental yield make it a suburb worth considering. While some metrics edge towards slightly unfavourable ranges, the overall outlook for this Victorian gem is predominantly positive. Important to note, the Relative Composite Score by HtAG analytics could provide richer insights by considering 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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