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Campbellfield, VIC 3061

Home » VIC Real Estate Data » Hume City, VIC » Campbellfield, VIC 3061

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 Campbellfield, VIC 3061 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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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 “Campbellfield, VIC 3061”

  1. The total adult population (15 years or older) of Campbellfield 3061 VIC is 3,988, with a median age of 38. Of those, 46.99% are married, 12.16% are divorced or separated, 33.60% are single and 7.10% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $5,080. The median monthly mortgage repayment for households in this suburb is $1,600 which is 31.50% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Victoria, the suburb of Campbellfield 3061 is home to a dynamic community with a reported 5763 households. As we move into the third quarter of 2023, we can see some striking figures emerging from the property market in this area.

    The typical property price for houses in this vicinity has been reported at a modest $590,686. With median rents sitting at $396 per week, property investors are looking at an enticing indicative yield of 3.49%. This statistically sits above the 3% minimum that property investors with a focus on cash flow find attractive.

    The socio-economic score, or IRSAD, for Campbellfield is 845 out of a possible 1217. This points towards a relatively favorable socio-economic status within the community. Furthermore, this suburb has an appealing renter to owner ratio of 26%, sitting beneath the 30% threshold that often signifies oversaturation of rental properties.

    The units to houses ratio in Campbellfield sits low at just 10%. Such a lower proportion of units can help maintain higher rental yields as there tends to be less competition among landlords for tenants. It also tends to attract longer-term tenants such as families, adding a sense of continuity to the community.

    However, potential investors may want to consider the affordability index or years to own metric, which stands at 46 years. This sits well above the 30-year average and could indicate decreased affordability in the area.

    Turning to the supply metrics, the stock on market Percentage for houses in Campbellfield is notably low at 0.02%. This below-average figure is generally seen as a positive, indicating limited supply in the market. Furthermore, the inventory level stands at a trim 0.4 months, reinforcing the notion of a tighter market. Strikingly, the building approvals Ratio for houses is a paltry 0.3%, underscoring the potential difficulties in increasing supply in the near term.

    In terms of demand, the average number of days houses remain on the market in Campbellfield is 61. Falling within the 35-90 day range, this suggests a balanced level of demand for properties. The Vacancy Rate, a measurement of unoccupied properties, is extremely low at 0.26%, hinting at a higher demand in the suburb. Nevertheless, the buy search index for houses currently sits at 3, leaning towards limited demand.

    In conclusion, the property market of Campbellfield 3061, VIC, exhibits an enticing landscape for cash-flow-focused investors with several favorable metrics, despite certain challenges, primarily in terms of property affordability to resident families. It is crucial to observe these market trends closely, leveraging data like the Relative Composite Score by HtAG Analytics, which combines over 80 indicators for a comprehensive market view.

    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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