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Kilmore, VIC 3764

Home » VIC Real Estate Data » Mitchell Shire, VIC » Kilmore, VIC 3764

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 Kilmore, VIC 3764 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 

2BR

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5BR

Buy 

1BR

2BR

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Rent 

1BR

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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 “Kilmore, VIC 3764”

  1. The total adult population (15 years or older) of Kilmore 3764 VIC is 7,440, with a median age of 40. Of those, 44.70% are married, 14.25% are divorced or separated, 34.31% are single and 6.71% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,728. The median monthly mortgage repayment for households in this suburb is $1,647 which is 21.31% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Kilmore, postcode 3764, is situated in Victoria, hosting an estimated total of 4,893 houses. As of Q3 2023, typical prices for houses in Kilmore stand at $612,864, alongside a median weekly rental rate of $425. This unique partnership results in an indicative yield of 3.61%, indicating a balance between rental income and property value that may appeal to cashflow-centered investors.

    With an IRSAD score of 968 out of 1,217, Kilmore’s population is generally noted to have quite favourable socio-economic circumstances, including reasonable access to economic resources and a fairly skilled job market. The renter to owner ratio is 20%, which, being under 30%, falls in the favourable range, suggesting a balanced property market with less risk from oversupply of rental properties and competition between investors.

    Moreover, the suburb boasts a units to houses ratio of just 9%, revealing that houses dominate the property market. A lower units to houses ratio implies less competition among landlords for tenants and the potential for longer tenancy periods, further enhancing Kilmore’s appeal as an investment choice.

    The affordability index sits at 31 years, just slightly over the preferable threshold, although, it shouldn’t overshadow the other favourable metrics. Furthering its standing, Kilmore’s stock on market Percentage for houses is at 0.6%, indicating a moderately balanced supply. Its inventory level for houses is 1.95 months, suggesting an optimal level of market absorption and drawing it within the favourable range.

    Building Approvals Ratio for houses is moderately favourable at 0.54%, demonstrating a controlled supply of new dwellings. However, homes in Kilmore tend to sit on the market for an average of 86 days, slightly exceeding the ideal high demand range but still maintaining within reason.

    As for the vacancy rate, it reaches 2.06%, indicating stable demand. The buy search index stands at 4, implying a reasonable level of buyer interest in the area.

    While keeping track of these metrics, it is integral to also watch the trends over time for a comprehensive analysis and understanding of the Kilmore property market. Always remember, having a few metrics falling in the unfavourable range is not a cause for alarm if the majority lean towards the favourable side, as is the case for Kilmore. Utilising a tool such as the RCS (Relative Composite Score) metric developed by HtAG Analytics can simplify this process by automating the research using over 80 metrics.

    In conclusion, Kilmore’s property market, dominated by houses, appears fairly solid based on a mixture of essential, fundamental, supply and demand metrics making it an area worth keeping on your investment radar.

    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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