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The Basin, VIC 3154

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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 The Basin, VIC 3154 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 

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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 “The Basin, VIC 3154”

  1. The total adult population (15 years or older) of The Basin 3154 VIC is 3,627, with a median age of 40. Of those, 48.91% are married, 10.78% are divorced or separated, 34.52% are single and 5.73% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $9,136. The median monthly mortgage repayment for households in this suburb is $1,950 which is 21.34% of their earnings.

    Source: ABS Census Data (2021)

  2. Set within the heart of Victoria, the vibrant suburb of The Basin, 3154, hosts approximately 1849 households. As we head into the third quarter of 2023, the property market displays promising prospects, particularly for those interested in investing in houses. Currently, the typical price for houses in The Basin stands at $943,700. On the rental front, median weekly rent sits at $447. This presents an indicative yield of 2.46%, suggesting decent rental income return for investment properties.

    The Basin’s socio-economic conditions, denoted by an IRSAD score of 1024 out of 1217, indicate a robust and prosperous community with robust access to economic resources and a blend of income levels. Furthermore, the suburb exhibits a favourable renter to owner ratio of 10% and a units to houses ratio of 4%, ensuring a healthy balance in the property market framework. However, potential property buyers should be aware of the affordability index sitting at 40 years, signaling a higher threshold for owning property in this area.

    In terms of supply metrics, The Basin possesses a favourable environment for investment with a stock on market Percentage of a mere 0.29% for houses, and an inventory level of only 1.13 months. Additionally, the Building Approval Ratio for houses is quite moderate at 0.41%, indicating a steady infusion of new houses onto the market but not an oversaturation.

    Demand metrics reveal that houses typically stay on the market for 39 days, presenting a robust demand. The overall vacancy rate, combining both houses and units, is at a low 0.52%, suggesting a hot rental market. Lastly, a buy search index of 4 for houses shows good demand but also room for growth.

    Given the favourable conditions, The Basin offer investment opportunities underpinned by a balance of supply, demand, and socio-economic stability. Despite a higher affordability index, a vast majority of metrics remain within attractive ranges, making it a suburb well-deserving of property investor attention.

    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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