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Yarragon, VIC 3823

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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 Yarragon, VIC 3823 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

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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 “Yarragon, VIC 3823”

  1. The total adult population (15 years or older) of Yarragon 3823 VIC is 1,547, with a median age of 43. Of those, 49.71% are married, 12.35% are divorced or separated, 31.29% are single and 6.53% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,028. The median monthly mortgage repayment for households in this suburb is $1,500 which is 21.34% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in Victoria, the attractive suburb of Yarragon 3823 boasts approximately 1072 households. As of the third quarter in 2023, house prices in this charming suburb typically sit around an impressive $596,141. Concurrently, the median weekly rent hovers at a solid $451 which indicates a promising indicative yield of 3.93%.

    The socio-economic health of Yarragon is quite robust, scoring an IRSAD of 967 out of 1217. This suggests the residents enjoy a satisfactory level of economic resources and are part of an economically diverse community.

    Further analysing the real estate landscape, Yarragon boasts a desirable renter to owner ratio at just 15% – an ideal scenario for property investors eyeing long-term returns. The units to houses ratio is close to perfect, standing at a meagre 8%, signifying there isn’t an oversupply of units impacting rental competition.

    However, the affordability index suggests it could take an estimated 33 years to fully own a property, indicating housing affordability could be a concern for some potential buyers.

    The market health is looking quite optimistic as supply metrics reveal the stock on market Percentage for houses is a low 0.23%, and inventory levels maintain a favourable low at just 0.96 months. Moreover, with a building approvals Ratio of 0.0%, there’s little risk of an impending oversupply of new dwellings.

    However, notably, houses spend an average of 76 days on the market before selling — slightly longer than one might ideally desire, but not too prolonged to cause concern.

    The combined vacancy rate for houses and units sits at a remarkably low 0.64%, indicating a high demand for this exclusive suburb.

    Reflecting on the demand metrics, Yarragon has a buy search index of 5, suggesting interest from potential buyers aligns with Victoria’s average.

    While certain figures may fall a bit outside of the ideal range, it’s crucial to remember that the overall market trend is what matters. As shown by the RCS metric developed by HtAG Analytics, most indicators endorse an optimistic outlook for Yarragon 3823, thus projecting it as a worthwhile area for investment consideration.

    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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