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Mount Martha, VIC 3934

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 Mount Martha, VIC 3934 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 “Mount Martha, VIC 3934”

  1. The total adult population (15 years or older) of Mount Martha 3934 VIC is 16,033, with a median age of 46. Of those, 56.37% are married, 11.40% are divorced or separated, 26.40% are single and 5.79% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $9,924. The median monthly mortgage repayment for households in this suburb is $2,167 which is 21.84% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Victoria, the suburb of Mount Martha 3934 is home to an estimated 9486 households. As we venture into Q3 of 2023, the housing market in this suburb presents an interesting landscape for property investors and buyers alike.

    Typical house prices in Mount Martha currently stand at an impressive $1,919,505, with a median weekly rent of $766. This pricing setup reflects an indicative yield of 2.08%, a figure which sits somewhat below the minimum attractive market requirement of 3% for cashflow-focused investors. However, it’s important to note that while yields are a key factor, they don’t define the entirety of a market’s investment potential.

    Making up the socio-economic fabric of the suburb, Mount Martha has a decent IRSAD score of 1068 out of a possible 1217, suggesting an overall good socio-economic status with access to resources and skilled professions. A lower renter to owner ratio at 12% and a healthy units to houses ratio at 10% further validate its appeal, indicating a market less loaded with rental properties and a balanced mix of dwellings, constituting fewer competition among landlords and a good decorum for families.

    However, property affordability doesn’t paint as rosy a picture. With an affordability index reaching 76 years, the typical time required to fully own a property in Mt Martha far exceeds the standard 30-year mortgage term, which could possibly push away some potential homeowners.

    When it comes to property supply, the suburb is experiencing favourable conditions. The stock on market percentage for houses is a near optimal 0.35%, with a healthy inventory level of 1.15 months. A moderate building approvals Ratio of 0.51% underscores a good absorption rate for new listings, preventing the risk of new dwellings oversupply.

    Similarly, demand indicators are showcasing positive tendencies. The average days on market for houses is a low 23 days, indicating a high demand environment with minimal selling delay. The Vacancy Rate, comprising both houses and units, is at a reasonable 2.44%, signifying a fairly balanced market with ample opportunity for growth. Lastly, the buy search index for houses stands at 4, a figure that although leans towards neutral, still points to a level of market interest.

    Mount Martha’s property market reflects a blend of favourable and slightly challenging factors. While the area’s affordability and yields could use improvement, its strong socio-economic structure, balanced dwelling mix, and robust demand-situated supply factors render it a suburb worth considering for prospective property investors. This diverse market performance illustrates the importance of the Relative Composite Score (RCS), a comprehensive metric used by HtAG Analytics that incorporates over 80 metrics to simplify property market research.

    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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