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Notting Hill, VIC 3168

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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 Notting Hill, VIC 3168 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.

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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 “Notting Hill, VIC 3168”

  1. The total adult population (15 years or older) of Notting Hill 3168 VIC is 2,530, with a median age of 30. Of those, 37.47% are married, 8.58% are divorced or separated, 52.02% are single and 2.29% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $7,632. The median monthly mortgage repayment for households in this suburb is $1,876 which is 24.58% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Notting Hill, postcode 3168, finds itself nestled within the confines of Victoria, housing an estimated count of 1885 households. As we delve into the data for the third quarter of 2023, typical prices for houses in Notting Hill average around the $1,186,875 mark. Concurrently, the median weekly rent is pegged at $472, this combination culminating in an indicative yield of 2.07%.

    Notting Hill leaves an impression with an IRSAD score of 1059 in a scale up to 1217, signifying a demographic with solid access to economic resources, relatively high income levels, and an adeptness towards professional and skilled occupations. The suburb, however, posits a somewhat balanced landscape with a renter to owner ratio at 50%, hinting at a vibrant and dynamic mix of owner occupiers and rental properties.

    The ratio of units to houses tilts towards the former, clocking in at 63%. This higher preponderance of units inadvertently introduces a higher degree of competition amongst landlords vying for tenants, which could potentially influence the rental returns. However, it’s also an indicator of a suburb inclined towards more compact living arrangements and potentially a younger demographic.

    The affordability index holds at 61 years, indicating a somewhat challenging landscape for potential homeowners, necessitating a substantial commitment duration for a standard mortgage. The stock on the market percentage for houses lies modestly at 0.57%, suggesting a neutral supply market. In tandem, the inventory level for houses is up to 2 months, indicating a fair supply in the market.

    Newly approved residential buildings in relation to the total number of dwellings or the building approvals Ratio for houses is just 0.86%, indicating a rather low supply condition. The average number of days houses in Notting Hill remain on the market, or ‘Days on Market’, is a relatively svelte 34 days, indicating healthy demand.

    Vacancy rates across both houses and units are low at 0.63%, a superior number offering up a robust market for investors due to the dynamics of higher demand and limited supply. The buy search index for houses skews towards the lower end at 3, potentially indicating a limited demand for purchases.

    In conclusion, while some metrics for Notting Hill’s property market during the third quarter of 2023 skew towards the lower end, there remains enough favourable trends to posit the suburb as a potential location for investment. As with all property investment choices, it’s critical to balance the various facets of data present, understand their trends and implications in order to make informed real estate decisions. The HtAG Analytics suite—with its RCS metric that amalgamates insights from over 80 metrics—can streamline and augment this research process.

    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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