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Mount Evelyn, VIC 3796

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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 Evelyn, VIC 3796 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 

1BR

2BR

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Rent 

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Yield 

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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 “Mount Evelyn, VIC 3796”

  1. The total adult population (15 years or older) of Mount Evelyn 3796 VIC is 7,831, with a median age of 38. Of those, 50.01% are married, 11.75% are divorced or separated, 35.03% are single and 3.31% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $9,052. The median monthly mortgage repayment for households in this suburb is $2,000 which is 22.09% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in Victoria, the tranquil suburb of Mount Evelyn 3796 accommodates approximately 4030 households. As of the third quarter of 2023, the housing market in Mount Evelyn reveals some interesting data for potential property investors or buyers.

    Here’s a deep dive into the figures: the typical prices for houses in Mount Evelyn stand at around $854,003, with a median weekly rent hovering at $465. These figures predict an indicative yield of 2.83%, slightly under the preferred minimum of 3% for cashflow-focused investors.

    The socio-economic score or IRSAD for the Mount Evelyn suburb is 1014 out of 1217. This score reflects the area’s relative economic accessibility, average family income, and the percentage of individuals engaged in skilled professional vocations.

    Good news for savvy landlords and prospective buyers is the renter to owner ratio in Mount Evelyn, which falls at a favourable 9%. This suggests less competition amongst landlords, with the potential for long term tenancies and higher rental yields. Similarly, the low proportion (3%) of units to houses ratio is beneficial, indicating less potential over-saturation from rentals and consequently less competition.

    However, it’s worth noting that the affordability index for houses in Mount Evelyn is somewhat less enticing, totalling to 37 years. This is significantly more than the estimated standard 30-year mortgage, indicating a decreased affordability in the property market in the area.

    Mirroring these figures is a low stock on market Percentage for houses at 0.13%. This suggests limited supply, whilst the inventory level gives an indication of a brisk real estate activity with only 0.49 months to sell the current stock. The building approvals Ratio is also relatively low for houses at 0.16%, suggesting controlled supply.

    Leaning towards a hot market, houses in Mount Evelyn typically spend 12 days on market, indicating strong demand. This is further underlined by a low vacancy rate (a combined figure for houses and units) of 1.09%. The buy search index for houses is average at 5, portraying a steady interest for properties in the area.

    In conclusion, a property investor or reliant buyers’ agent may find Mount Evelyn as a viable suburb for investment, with favourable metrics like renter to owner ratio, units to house ratio, and demand indicators offering promising potential. However, despite some metrics falling in unfavourable ranges, it is important to consider the broader market dynamics and trends, as evidenced by the HtAG Analytics’ advanced RCS metric. As always, careful market research and understanding of these metrics will help in making sound 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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