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Mickleham, VIC 3064

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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 Mickleham, VIC 3064 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.

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Rent 

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Yield 

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Buy 

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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 “Mickleham, VIC 3064”

  1. The total adult population (15 years or older) of Mickleham 3064 VIC is 12,342, with a median age of 29. Of those, 58.81% are married, 7.90% are divorced or separated, 31.43% are single and 1.86% are widowed.

    The average household size is 3.3 people per dwelling, and the median household monthly income is estimated to be $7,892. The median monthly mortgage repayment for households in this suburb is $2,000 which is 25.34% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the heart of VIC, the suburb of Mickleham, postcode 3064, is estimated to host approximately 9239 households. As we delve into the dynamics of the property market for the third quarter of 2023, you’ll notice a distinctive pattern with property prices, rental yield and other metric indicators that reflect the overall performance of this market.

    Typically, house prices in Mickleham reached an average of $640,281, promising a favourable return for property investors. With a median weekly rent of $426, the indicative gross rental yield stands at a healthy 3.46%. It’s worth noting that this yield aligns with the minimum 3% requirement that appeals to cashflow-focused property investors, indicating the potential for strong cash flow from rental income.

    The socio-economic status of Mickleham, depicted by an IRSAD score of 992 out of 1217, presents favourable prospects with expected higher disposable incomes and enhanced demand for real estate assets. Meanwhile, the renter to owner ratio is at a healthy 23%, falling below the ideal threshold of 30%, suggesting less competition among landlords and providing long-term investment security.

    The suburb displays an impressive balance in the types of properties on offer, with units accounting for 0% of the housing stock, indicating a dominance of houses in the market. Families seeking space and permanence are likely attracted to this ratio, potentially encouraging longer tenancy periods.

    In terms of affordability, Mickleham stands at 32 years, slightly exceeding the standard 30-year mortgage period, suggesting decreased affordability. However, having a few metrics in less favourable ranges doesn’t necessarily dismiss the suburb as an unattractive investment destination, especially if the majority of other metrics are favourable.

    Moving onto the supply metrics, the inventory level for houses is at a favourable 1.97 months, below the 2-month threshold. Meanwhile, the stock on market Percentage sits at 0.87%, falling into the neutral range.

    The building approvals Ratio, higher at 7.18%, could indicate an increased supply of new dwelling stock in the market. Lastly, houses in Mickleham tend to sell within 34 days, suggesting a high demand among buyers.

    Despite a slight deviation towards a neutral demand with a vacancy rate of 1.57% and a buy search index standing at 3, Mickleham displays a hearty mix of metrics that are worth observing for potential property investment opportunities.

    It’s vital to understand that property market statistics and trends form an essential part of strategic decision-making processes in real estate investments. Remember, the optimised RCS metric developed by HtAG Analytics can automate all these research data, promising a more streamlined and effectual investment 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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