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Cape Schanck, VIC 3939

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 Cape Schanck, VIC 3939 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

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 “Cape Schanck, VIC 3939”

  1. The total adult population (15 years or older) of Cape Schanck 3939 VIC is 495, with a median age of 55. Of those, 64.24% are married, 11.72% are divorced or separated, 20.40% are single and 3.84% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $9,276. The median monthly mortgage repayment for households in this suburb is $1,950 which is 21.02% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Cape Schanck, postcode 3939, is nestled in Victoria and is home to about 531 households. Looking at the third quarter of 2023, property prices for houses in this picturesque locale stand as high as $1,446,960, with a median weekly rent of $750. Unfortunately, such high property values only translate to a below-market indicative yield of 2.7%, which may not appeal to cashflow-oriented investors.

    Nevertheless, Cape Schanck scores well in socio-economic terms with an IRSAD score of 1058 out of a possible 1217, validating a solid economic position and a higher standard of living. Potential landlords would find the low renter to owner ratio of just 6% favourable, suggesting a market less crowded with investment properties. Furthermore, the property composition in the area is predominantly houses, with a negligible units to houses ratio of only 1%.

    Yet, affordability may prove to be a challenge in this suburb for the average buyer, as the affordability index stands at a steep 61 years. This is significantly over the national mortgage period of 30 years, implying that it would take purchasers a long time to own their properties outright.

    On a brighter note, the property market in Cape Schanck leans towards undersupply according to its 0.2% stock on market percentage and an inventory of houses level at a meagre 0.8 months. This reduces competition among sellers and enhances the potential for buyers to negotiate favourable terms. The Building Approval Ratio of 0.81% does not suggest a looming oversupply either.

    However, with properties spending about 58 days on the market coupled with a high vacancy rate of 12.12%, it could indicate a softer demand. Further evidenced by its modest buy search index of 3, suggesting a level demand akin to the state-wide average.

    In summary, while the suburb of Cape Schanck presents certain robust economic fundamentals and a poised supply situation, buyers and investors should also account for aspects, such as yield, affordability and prevalent demand indicators before making any investment decisions. It’s worth also considering the fact that even if some metrics appear unfavourable, if the majority of other metrics are favourable, the area may still make a good investment. Keeping an eye on trends using tools like the Relative Composite Score developed by HtAG Analytics to automate property research could further aid in making informed decisions.

    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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