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Gladstone Park, VIC 3043

Home » VIC Real Estate Data » Hume City, VIC » Gladstone Park, VIC 3043

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 Gladstone Park, VIC 3043 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 

2BR

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5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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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 “Gladstone Park, VIC 3043”

  1. The total adult population (15 years or older) of Gladstone Park 3043 VIC is 6,812, with a median age of 42. Of those, 49.35% are married, 11.41% are divorced or separated, 32.46% are single and 6.81% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $6,804. The median monthly mortgage repayment for households in this suburb is $1,961 which is 28.82% of their earnings.

    Source: ABS Census Data (2021)

  2. Firstly, let’s get acquainted with the broader context of Gladstone Park, postcode 3043. Located in the state of Victoria (VIC), this suburb is home to approximately 3,537 households. Now, let’s delve a bit deeper into the property market statistics for this unique area as of the third quarter of 2023.

    Typically, houses in this area are competitively priced at approximately $705,404. The median weekly rent stands at $446, which equals an attractive indicative yield of 3.29%. While this yield surpasses the minimum requirement of 3% for cashflow-focused investors, it is important to consider the other factors contributing to this suburb’s appeal.

    The socio-economic standing of this area is attractive, demonstrated by an IRSAD score of 953 out of a possible 1,217. This suggests the local population has good access to economic resources and likely has higher income levels. Additionally, the renter to owner ratio sits comfortably at 21%, well below the threshold of 30% which indicates a balanced property market that avoids the risks of oversaturation with rental properties.

    It is essential to consider the properties themselves, specifically the units to houses ratio that currently stands at 2%. This low percentage signifies a market primarily comprised of houses, which is favorable for potential investors, as it minimises competition and promotes longer tenancy periods.

    The affordability index in Gladstone Park is a concerning 41 years, indicating that it may be a pricey market for potential homeowners. However, the stock on market (SoM) percentage for houses is a mere 0.09% and the inventory level for houses stands at 0.39 months—both indeed favourable indicators of scarce supply in the market. Meanwhile, the building approval ratio is at a favourable low of 0.12%, further confirming that there is not an oversupply of new houses hitting the market.

    Additionally, the average days on the market for houses is a brief 16 days, suggesting high demand for properties. The area sees a notably low vacancy rate of 1.1% across houses and units, further echoing the high demand.

    Lastly, the buy search index comes in at 4, which, while not indicative of soaring demand, does fall within the neutral range.

    It’s crucial to remember, it’s not only about the statistics but the overall trend these metrics demonstrate. As always, look to the dashboard for visual representation of these trends. Providing a well-rounded view, Gladstone Park seems to have some promising leads for investors despite some metric values falling within the unfavourable range. To further simplify this process, consider the use of HtAG Analytics’ RCS (Relative Composite Score) metric, which incorporates 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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