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Warrandyte, VIC 3113

Home » VIC Real Estate Data » Manningham City, VIC » Warrandyte, VIC 3113

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 Warrandyte, VIC 3113 located in Melbourne 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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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 “Warrandyte, VIC 3113”

  1. The total adult population (15 years or older) of Warrandyte 3113 VIC is 4,584, with a median age of 45. Of those, 56.22% are married, 8.70% are divorced or separated, 31.89% are single and 3.36% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $12,352. The median monthly mortgage repayment for households in this suburb is $2,200 which is 17.81% of their earnings.

    Source: ABS Census Data (2021)

  2. With an approximate 2291 households gracing its premises, the suburb of Warrandyte 3113, nestled in Victoria, is demonstrating a distinctive dynamic in its property market as of Q3 2023. The typical prices for houses in Warrandyte 3113 reaches an average of $1,710,119, while the median weekly rent stands at a steadfast $693. This culminates in an indicative yield of 2.11%, slightly under the 3% benchmark that usually entices cashflow-focused property investors.

    Diving into other fundamental property market metrics, the suburb boasts an impressive IRSAD score of 1110 out of a possible 1217, suggestive of a well-to-do population with heightened socio-economic resources. A healthy balance of ownership is exhibited with the renter to owner ratio standing at 8%, a testament to the long-term appeal of the area. Also noteworthy is the singular focus on residential houses as reflected in a unit to house ratio of 0%.

    The affordability of the area may be in question, as indicated by the affordability index at a high 54 years, substantially over the 30-year benchmark that characterizes affordable regions.

    Exploring Warrandyte’s supply metrics, the stock on market percentage for houses stands at a low 0.36%, implying a limited supply that could potentially push up house prices. This notion is further supported with an inventory level of 1.81 months, again signifying a market that is quickly absorbing new listings.

    The building approval ratio for houses, at a scant 0.04%, demonstrates a comparatively low level of new residential supply finding its way into the market. Observing the demand metrics, houses in Warrandyte spend an average of 77 days on the market. This, coupled with a moderate vacancy rate of 2.33%, suggests a market enjoying a balanced level of demand.

    Making its mark, the suburb parades a buy search index for houses at an admirable 6, indicating high demand among prospective purchasers.

    As with any property market, it’s prudent to continually assess the trends shaping the suburb while understanding that slight deviations from favorable ranges in metrics can still coincide with a lucrative property investment, provided the majority of other metrics lean towards the favourable side. Remember, a glance at the RCS (Relative Composite Score) metric from HtAG Analytics will help automate and streamline your research process.

    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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