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Warranwood, VIC 3134

Home » VIC Real Estate Data » Maroondah City, VIC » Warranwood, VIC 3134

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 Warranwood, VIC 3134 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

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Rent 

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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 “Warranwood, VIC 3134”

  1. The total adult population (15 years or older) of Warranwood 3134 VIC is 3,916, with a median age of 41. Of those, 58.30% are married, 7.56% are divorced or separated, 31.36% are single and 2.71% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $12,404. The median monthly mortgage repayment for households in this suburb is $2,167 which is 17.47% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of Victoria (VIC), the suburb of Warranwood 3134 is home to approximately 1,769 households. In Q3 of 2023, the typical house price stands at $1,297,144, while the median weekly rent is pegged at $697. This implies an indicative yield of 2.79%, falling just short of the required 3% for cashflow-centric property investors.

    The socio-economic standing of Warranwood is comparatively high, as evidenced by its IRSAD score of 1097 out of a possible 1217. This implies substantial access to economic resources and a population with relative affluence and proficiency in skilled professions. The renter to owner ratio in Warranwood is considerably favourable at just 10%, indicating a lower risk of competition among property investors than higher ratio areas. The units to houses ratio also comes in at a strikingly low 2%. Such a low figure implies a majority of households, potentially attracting more stable, longer-term tenants like families, with less competition amongst landlords.

    However, the affordability index in Warranwood holds at 41 years, surpassing the threshold of 31 years, suggesting a lower level of affordability. The implications here could be that potential buyers may face difficulty when trying to purchase property within the area.

    When considering supply metrics, the stock on market Percentage for houses is at a favourable low 0.17%. Similarly, the inventory level of houses sits at a low 0.68 months proposing a fast absorption of new property listings into the market. The building approvals Ratio is at a favourable 0.45% signifying low new dwelling supply.

    The suburb has strong demand metrics with houses spending an average of 29 days on the market, indicating high demand. The vacancy rate, inclusive of both houses and units, is reasonably low at 1.18%, suggesting a high demand and possibly higher rent yields. The buy search index is at 5, signifying market interests are in alignment with the state/city average.

    While Warranwood 3134 exhibits a mixture of favourable and unfavourable property market indicators, it is crucial to understand that overall trends and majority of metrics reveal the strength and stability of a real estate market. The suburb’s considerable socio-economic status, low supply metrics and relatively high demand highly suggest favourable conditions for property investors and buyers’ agents alike. The application of comprehensive metrics like the Relative Composite Score (RCS), developed by HtAG Analytics, can greatly simplify research, providing a more complete overview of the property market. Remember, staying informed is always the key to making strategic 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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