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Wantirna South, VIC 3152

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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 Wantirna South, VIC 3152 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 “Wantirna South, VIC 3152”

  1. The total adult population (15 years or older) of Wantirna South 3152 VIC is 17,476, with a median age of 42. Of those, 55.87% are married, 8.51% are divorced or separated, 29.24% are single and 6.39% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $8,804. The median monthly mortgage repayment for households in this suburb is $2,167 which is 24.61% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Wantirna South, postcode 3152, is comfortably nestled within the state of Victoria and boasts a total of approximately 8625 households. As we transition into the third quarter of 2023, our focus zeroes in on the typical residential housing statistics in Wantirna South, whereby the standard price for homes sits at a sturdy $1,196,490.

    These prudently valued homes warrant a median weekly rent of about $508 which, when calculated, results in an indicative yield of 2.21%. It’s important to underscore that yields surpassing 3% are generally deemed attractive to property investors who are cashflow-oriented. Therefore, the current yield, while respectable, falls slightly short of the highly desirable >3% threshold.

    The IRSAD score in Wantirna South, an effective compass of the population’s socio-economic status, is a promising 1057 out of 1217, portraying an overall impressive socio-economic profile.

    In terms of renter to owner ratio, Wantirna South touts a reputed 21%, well below the contentious 30% to 45% bracket that often heralds high competition among property investors. Similarly, the units to houses ratio is an appealingly low 12%. With low unit saturation, there is generally reduced rivalry among landlords for tenants, potentially driving up rental yields and creating a more alluring, family-friendly environment.

    However, the affordability index here lurks at 53 years, exceeding the 31-year benchmark for decreased affordability. Consequently, it may highlight the issues related to acquiring full homeownership in the current economic climate.

    Assessing supply metrics reveals a stock on market percentage for houses at a low 0.25%, indicating a scarce supply and a potentially favourable investment environment. An inventory level for houses at 1.12 months underscores a fast-moving market, which is another positive sign for investors. Additionally, the building approvals ratio, an indicator of the upcoming supply for houses, resides at 0.75%, highlighting a low future supply.

    The demand metrics illustrate days on market for houses at a swift 24 days, signifying high demand. The combined vacancy rate for houses and units is relatively low at 1.58%, further accentuating the demand. However, the buy search index for houses lingers at 3, inferring a neutral interest among buyers.

    It’s worthy to note that while some indicators veer towards the questionable range, many metrics calibrate towards favourable conditions for investment in Wantirna South. The HtAG Analytics’ Relative Composite Score (RCS) offers comprehensive investment assistance by automating this intricate property market research using an impressive suite of 80+ metrics. Remember, understanding the trends and data is key to making informed decisions, so keep your finger firmly on the pulse.

    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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