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Broadford, VIC 3658

Home » VIC Real Estate Data » Mitchell Shire, VIC » Broadford, VIC 3658

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 Broadford, VIC 3658 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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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 “Broadford, VIC 3658”

  1. The total adult population (15 years or older) of Broadford 3658 VIC is 3,718, with a median age of 40. Of those, 40.56% are married, 14.58% are divorced or separated, 39.56% are single and 5.19% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,440. The median monthly mortgage repayment for households in this suburb is $1,507 which is 20.26% of their earnings.

    Source: ABS Census Data (2021)

  2. Broadford, a suburb nestled within Victoria, is home to approximately 2,373 households. As we progress towards the end of Q3 in 2023, the typical price of houses in Broadford (3658) ring in at a substantial $586,842. These homes usually yield a median weekly rent of $416, which produces a profitable indicative yield of around 3.69%—an appealing rate for cashflow-driven property investors.

    From a socio-economic standpoint, Broadford boosts an IRSAD score of 940 out of 1217, indicating a relatively favourable socio-economic situation across its population. Furthermore, the suburb maintains a low renter to owner ratio of 19%, significantly below the 30% threshold, marking it as a market that offers stable returns and reduced risk over the long term.

    Broadford also indicates a solid market balance in housing with just 4% of the market comprised of units. This low ratio implies less competition among landlords for tenants and generally helps uphold higher rental yields. Moreover, it often attracts families in search of long-term tenancy conditions, stabilising the demographic composition of the suburb.

    When examining property affordability, Broadford just breaches the recommended threshold with a 31-year timeframe to own a property. Nevertheless, with variables such as current interest rates, median family income and typical property prices considered, the affordability index still hovers near the favourable range.

    Surveying the supply metrics, Broadford posts a reasonable stock on market percentage for houses at 0.9%, resting within the neutral range. The inventory level for houses also finds equilibrium at 3.0 months. Moreover, with a building approval ratio of 1.75%, it indicates the area isn’t oversaturating the market with newly approved residential buildings—boding well for existing property owners.

    On the demand side, the days on market for houses is slightly high at 49 days, indicating a modest cooling in purchasing demand. However, buoyed by a stellarly low vacancy rate (0.9%) and a neutral buy search index (4), Broadford’s property market retains a healthy pulse of buyer and renter interest.

    Conclusively, Broadford displays a balanced property market with many favourable conditions for investment, despite a few metrics that edge towards the upper thresholds. Always remember to scrutinise these factors regularly and consider the Relative Composite Score (RCS) developed by HtAG Analytics for a comprehensive analysis across 80+ metrics.

    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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