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Clifton Hill, VIC 3068

Home » VIC Real Estate Data » Yarra City, VIC » Clifton Hill, VIC 3068

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 Clifton Hill, VIC 3068 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 

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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 “Clifton Hill, VIC 3068”

  1. The total adult population (15 years or older) of Clifton Hill 3068 VIC is 5,556, with a median age of 37. Of those, 35.33% are married, 10.03% are divorced or separated, 51.67% are single and 2.97% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $14,440. The median monthly mortgage repayment for households in this suburb is $2,700 which is 18.70% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the state of Victoria, the suburb of Clifton Hill 3068 is home to an estimated 3,298 households. As of the third quarter of 2023, the typical price for houses in this coveted neighbourhood stands at an impressive $1,750,621. The median weekly rent for houses is $831. These figures produce an indicative yield of 2.47%, a figure slightly short of the minimum 3% yield that is generally appealing to cashflow-focused property investors.

    Diving into the socio-economic health of the suburb, Clifton Hill holds an excellent IRSAD score of 1,147 out of a possible 1,217. This reflects the overall high income level and access to economic resources of the dwellers in this area.

    When it comes to property ownership, the suburb sees a renter to owner ratio of 39%. Although not at an ideal level (below 30% is considered preferable), this ratio does stay away from the high-risk zone that sits above 45% and may be appealing to some property investors. On another note, the suburb has a units to houses ratio of 30%, which is well below the 50% threshold, pointing to a potential market with less competition among landlords for attracting tenants.

    One important parameter to consider is the Affordability Index, which for houses in Clifton Hill stands at 47 years. This estimate, quite above the standard 30-year mortgage time, indicates a decreased affordability level in the area.

    In terms of supply metrics, Clifton Hill stands in good stead. stock on market Percentage for houses tallies at just 0.28%, indicating a low supply which is generally favourable for property investors. The inventory level for houses is 0.85 months, indicating the property market’s high absorbency of new listings. Additionally, with a low building approvals Ratio of only 0.06%, the supply of new dwelling stock in the market remains in check.

    Turning to demand indicators, the suburb sees houses remaining on the market for 22 days only – an indicator of high demand. The vacancy rate for both houses and units combined stands at a low 1.55%, again signifying strong demand. However, with a buy search index for houses at 3, the demand appears to be average when compared to the state or city average.

    In conclusion, while Clifton Hill’s property market shows strength in many areas, it’s crucial to conduct a thorough analysis of the suburb’s complete market data before making investment decisions. Key indicators such as yield, IRSAD score, renter to owner ratio, stock on market percentage, among others, should be factored in to form a comprehensive overview of the market’s potential. While some metrics may not fall within the ideal ranges, if the majority of indicators are favourable, Clifton Hill may present sound investment opportunities. The use of HtAG Analytics’ RCS (Relative Composite Score) can also aid in this research, simplifying the interpretation of over 80 metrics and forecasted data.

    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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