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Avenel, VIC 3664

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 Avenel, VIC 3664 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™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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No Rent Data
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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 “Avenel, VIC 3664”

  1. The total adult population (15 years or older) of Avenel 3664 VIC is 934, with a median age of 49. Of those, 49.68% are married, 13.38% are divorced or separated, 31.26% are single and 5.25% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $7,024. The median monthly mortgage repayment for households in this suburb is $1,509 which is 21.48% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Avenel, lodged in the Australian state of Victoria, is a region with a close-knit community of approximately 714 households. As we enter the third quarter of 2023, the Avenel property market presents a compelling prospect for keen property investors.

    House prices in Avenel are typically around $535,964, with a median weekly rent rate of $468. These figures denote an attractive indicative yield of 4.53% – a reassuring score for cashflow-centered investors who typically target yields north of 3%.

    Avenel boasts an Index of Relative Socio-economic Advantage and Disadvantage (IRSAD) score of 976 out of a possible 1217, signalling that the location provides its residents with appreciable socio-economic benefits. The abundance of owner-occupied dwellings over rental properties is illustrated by a low renter to owner ratio of 15% – a figure that positions Avenel favourably in terms of property investment.

    The housing market in Avenel is virtually void of units, as reflected in a units to houses ratio of 0%. This is a positive indicator for potential landlords seeking less competition for tenants, and suggests a property market geared more towards family households, which often equate to longer tenancy periods.

    In terms of affordability, it takes 30 years to fully own a house in Avenel, offering what is considered a reasonable and favourable degree of affordability within today’s property market.

    The supply metrics further strengthen Avenel’s appeal. The stock on market Percentage is a low 0.28%, suggesting a highly absorbent market. The inventory level of 1.71 months denotes a promising low-supply market where new listings are quickly absorbed. Meanwhile, the building approvals Ratio for houses is 1.96%, indicating relatively low future unit supply.

    In terms of property demand, houses in Avenel are snapped up quickly with an average of 30 days on market, suggesting a high demand market. The vacancy rate of 0.93%, along with considering both houses and units, indicates higher demand and fewer available choices for renters. Lastly, while slightly on the lower side, the buy search index for houses is 3 – just on the threshold of what is considered neutral demand.

    To summarise, while the buy search index may be slightly lacklustre, the majority of Avenel’s property market measures reveal a promising region for potential property investors, with low supply, high demand and favourable socio-economic benefits being its standout features.

    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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