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Tyabb, VIC 3913

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 Tyabb, VIC 3913 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 “Tyabb, VIC 3913”

  1. The total adult population (15 years or older) of Tyabb 3913 VIC is 2,872, with a median age of 42. Of those, 45.82% are married, 14.42% are divorced or separated, 35.45% are single and 4.25% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $8,440. The median monthly mortgage repayment for households in this suburb is $1,824 which is 21.61% of their earnings.

    Source: ABS Census Data (2021)

  2. Tyabb 3913, a suburb within the state of Victoria, hosts an estimated 1,784 households. By the third quarter of 2023, average house prices in Tyabb 3913 sat at $819,435 with houses commonly receiving a median weekly rent of $535. This rental price yields a beneficial 3.4% indicative yield, hitting the minimum attractive market requirement for cashflow-centered property investors.

    The suburb benefits from an above-average socio-economic score of 1001 out of 1217, suggesting the residents of Tyabb enjoy moderate access to economic resources, reasonably high income levels, and skilled professions. The renter to owner ratio here is favourable, as only 13% of properties are rented, which reduces competition between landlords for tenants, and helps to maintain higher rental yields.

    Strongly working in favour of the local property market is a unit to houses ratio of 19%, indicating a lower proportion of units, such as apartments and flats, than houses. This skew towards houses generally attracts more families and encourages longer tenancy periods, while reducing the risk of oversupply in the rental market.

    However, the housing affordability index in the area is a concerning 38 years, indicating decreased affordability due to a calculation factoring in variables like current interest rates, median family income, and typical property prices. Despite this, the numbers reveal a promising supply scenario with a low stock on market Percentage for houses at 0.15% and well-absorbing inventory levels at 0.71 months. The building approvals Ratio further complements this situation, standing at a low 0.82%.

    Nevertheless, the days on market (DoM) measure suggests muted demand, as houses stay listed for approximately 140 days. However, alleviating this is a relatively low vacancy rate of 1.7%, which suggests a fairly balanced demand and supply situation for both houses and units. Lastly, the buy search index for houses is on par with the state average, at 5.

    In conclusion, while the affordability in Tyabb 3913 is a challenge, a combination of favourable metrics depicts a reasonably strong investment potential for this suburb. As always, conducting diligent research synched with prevailing market trends remain vital in forging profitable real estate investment 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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