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Baxter, VIC 3911

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 Baxter, VIC 3911 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

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5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

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 “Baxter, VIC 3911”

  1. The total adult population (15 years or older) of Baxter 3911 VIC is 1,840, with a median age of 40. Of those, 40.16% are married, 15.05% are divorced or separated, 39.35% are single and 5.22% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $7,832. The median monthly mortgage repayment for households in this suburb is $1,690 which is 21.58% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of Victoria, the suburb of Baxter 3911 is home to an estimated 1167 households. As we delve into the 3rd quarter of 2023, this leafy suburb presents promising investment prospects for property buyers and investors alike. The typical property prices for houses sit at $764,010, while the median weekly rent rounds out at $502. This combination of factors manifests into a robust indicative yield of 3.42%, notably surpassing the base market requirement of 3% for cashflow-focused property investors.

    Notably, Baxter boasts a relatively high Index of Relative Socio-economic Advantage and Disadvantage (IRSAD) score of 958 out of 1217, painting an image of positive socio-economic conditions within the suburban borders. The renter to owner ratio comes in at a lean 16%, showcasing a desirable balance skewed towards home-ownership. This further reaffirms the income stability in the area, which may lead to consistent home value appreciation.

    Interestingly, the units to houses ratio adds up to only 10%, indicating a lower supply of rentals on the market. This less saturated market can potentially mean less competition among landlords, helping to maintain higher rental yields. Another factor that speaks volumes of Baxter’s investment prowess is its ‘Years to Own’ figure. However, at 38 years, it stretches past the optimal 30-year range, indicating some affordability issues in the area.

    On the supply side of the ledger, the stock on market Percentage for houses stands at a favourable 0.1%, suggesting a relatively undersupplied market. The overall inventory level for houses resonates with this sentiment at an exceedingly low 0.38 months. The building approvals Ratio for houses is a favourable 0.41%, pointing to limited future supply.

    The demand indicators spark a sense of optimism. The average Days on the Market (DoM) for houses is a brisk 13, signifying a high demand. The vacancy rate, including both houses and units, is 1.04% — a further reflection of the high interest in the area. Baxter’s budding popularity is echoed through its Buy Search Index, which stands tall at 6, underscoring an above-average demand.

    While these metrics provide a comprehensive snapshot of Baxter’s property market, it is essential to remember that trends also play a crucial role in evaluating its investment potential. Coupling this data with the visualisation provided by a dynamic dashboard can yield a deeper understanding of the area’s real estate pulse. Moreover, considering the RCS (Relative Composite Score) metric developed by HtAG Analytics presents an augmented perspective, encapsulating over 80 metrics into the analysis.

    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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