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Beveridge, VIC 3753

Home » VIC Real Estate Data » Mitchell Shire, VIC » Beveridge, VIC 3753

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 Beveridge, VIC 3753 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 “Beveridge, VIC 3753”

  1. The total adult population (15 years or older) of Beveridge 3753 VIC is 3,378, with a median age of 32. Of those, 55.30% are married, 8.53% are divorced or separated, 34.40% are single and 1.95% are widowed.

    The average household size is 3.2 people per dwelling, and the median household monthly income is estimated to be $9,332. The median monthly mortgage repayment for households in this suburb is $2,052 which is 21.99% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Beveridge 3753, nestled comfortably in Victoria, is a moderately-sized land of abode housing approximately 3126 households. Offering a peek into its real estate market for Q3 2023, it’s evident that the typical house price in Beveridge is around $657,504. With a median weekly rent of $421, this translates to an indicative yield of about 3.33%, sitting just above the minimum desirable market yield for property investors seeking steady cash flow.

    Drilling down into some defining socio-economic features, Beveridge boasts an IRSAD score of 1020 out of 1217. This score suggests a reasonably prosperous population with a comfortable level of access to economic resources. Further enhancing its investment appeal, the suburb presents a low renter to owner ratio of 17%, indicating a dominantly owner-occupier market that is less volatile and has consistent demand. Unlike markets saturated with rental properties, Beveridge offers property investors less competition from other landlords for tenants.

    Interestingly, Beveridge shows a unit to house ratio of 0%, signalling an absolute prevalence of houses over units. This is attractive to property investors who prefer to navigate markets with fewer units, leading to less competition when seeking tenants. Encompassing a sort-after family-friendly vibe, Beveridge tends to attract longer-term tenants and homeowners.

    Judging affordability, Beveridge is on the attractive side of the scale with an affordability index of 28 years. This suggests a market where, on average, it would take 28 years, based on median family income and current interest rates, for a homeowner to fully own a property.

    On the supply side, Beveridge hints at some challenging indicators. A stock on market Percentage of 2.23% paired with an inventory level of 9.3 months, suggests a currently over-supplied market. Along with a high building approvals Ratio at 17.11%, there may be a brewing risk of unfavourable conditions due to increased new dwelling stock in the market.

    Adding to this, Beveridge has a higher than average days on market figure of 104, pointing to a slower-moving market that may impact demand. Similarly, the Vacancy Rate, combining both houses and units, sits considerably high at 5.72%, suggesting a lower demand courtesy of a bigger choice pool for prospective tenants. The buy search index for houses rounds out at a moderate 4, indicating a somewhat balanced demand in this property market.

    In summary, while Beveridge has a few metrics such as high supply and higher than average days on market that highlight areas of concern, the suburb presents strong fundamentals including an attractive yield, low renter to owner ratio and a favourable affordability index. It’s essential for investors to keep in mind that the trends of these metrics play a critical role in investment returns and the success of the investment over time greatly depends on the strategic balance of these factors. Basing decisions on comprehensive property market data, like the HtAG Analytics’ Relative Composite Score, could offer a well-rounded view of 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.

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