Fraud Blocker

Middle Park, VIC 3206

Home » VIC Real Estate Data » Port Phillip City, VIC » Middle Park, VIC 3206

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 Middle Park, VIC 3206 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™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Middle Park, VIC 3206”

  1. The total adult population (15 years or older) of Middle Park 3206 VIC is 3,303, with a median age of 45. Of those, 50.62% are married, 12.26% are divorced or separated, 32.85% are single and 4.24% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $15,528. The median monthly mortgage repayment for households in this suburb is $3,467 which is 22.33% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the state of Victoria, MIDDLE PARK 3206 is a comparatively affluent suburb with an estimated 2005 households. As we move into the third quarter of 2023, the property market has seen typical house prices in MIDDLE PARK 3206 reach an impressive $2,598,941. Added to this, the median weekly rent stands at $1107, equating to an indicative yield of 2.21%.

    Notably, the suburb has an impressive IRSAD score of 1147 out of a possible 1217, suggesting a robust socio-economic status with ready access to resources and a high proportion of skilled professionals. This aspect contributes to the desirability of the area for prospective buyers and renters alike.

    With 32% of the dwellings in MIDDLE PARK 3206 rented, this indicates a balanced renter to owner ratio. Complementing this, a units-to-houses ratio of 28% prevents over-saturation of rentals and keeps the property market diverse and balanced.

    However, the area falters somewhat when it comes to the affordability index, estimated at 66 years for houses. This time frame is well above the typical 30-year mortgage, suggesting that properties in the area may be out of reach for those on a tighter budget.

    On the brighter side, the stock on market Percentage for houses is a low 0.14%, indicating a scarcity of supply that may drive prices up. The inventory level for houses is also very lean at 0.41 months, emphasising the competitive nature of the market.

    In terms of construction, the building approvals Ratio for houses stands at 0.0%, indicating that new developments aren’t coming onto the market any time soon. Coupled with a short average of 24 days on the market for houses, it’s clear that demand is high and supply is limited.

    The vacancy rate, which includes houses and units, is holding steady at 2.66%, suggesting a decent level of demand for rental properties. Finally, with a buy search index for houses at 5, on par with the state average, the interest in buying property in MIDDLE PARK 3206 remains robust.

    In summary, with a high socio-economic score, low supply, and good levels of demand, MIDDLE PARK 3206 presents some favourable attributes for property investors and buyers. However, its high affordability index indicates that this suburb caters to a more elite market. A vigilance in tracking these metrics, along with others will prove beneficial for tracking performance, trend analysis and future investments in this property market.

    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.

Leave a comment