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Pyalong, VIC 3521

Home » VIC Real Estate Data » Mitchell Shire, VIC » Pyalong, VIC 3521

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 Pyalong, VIC 3521 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 “Pyalong, VIC 3521”

  1. The total adult population (15 years or older) of Pyalong 3521 VIC is 618, with a median age of 42. Of those, 47.73% are married, 11.17% are divorced or separated, 36.57% are single and 4.53% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $8,052. The median monthly mortgage repayment for households in this suburb is $1,482 which is 18.41% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in VIC, the suburb of Pyalong boasts approximately 432 households. As of Q3, 2023, houses in Pyalong typically command prices of around $710,708. The weekly median rent sits at $289, which yields a return rate of 2.11%. This yield, while below the market-attractive minimum of 3%, should not be discounted without considering the broader picture.

    The IRSAD score for Pyalong is an impressive 961 out of a possible 1217. This demonstrates a strong socio-economic status, suggesting the local population enjoys a good access to financial resources and exhibits a predominance of skilled professions. This is further reinforced by a low renter to owner ratio of 4%, indicating that the area is largely inhabited by property owners rather than tenants.

    In terms of property makeup, Pyalong is defined by a 0% units-to-houses ratio, which means that the area predominantly features houses. This low ratio often appeals to families seeking long-term tenancies, which can ensure stable rental income for landlords.

    However, the affordability index for the suburb sits at 35 years, indicating a weaker level of affordability compared to areas where the typical duration to own a property is under 30 years.

    The stock on market percentage for houses in Pyalong is presently 0.23%, pointing to a favourable low supply context for sellers. Reinforcing this picture is an inventory level of 3.0 months, which signifies a market that generally balances between buyer and seller interests. The suburb doesn’t seem to anticipate a rapid increase in housing supply, given the 0% building approvals ratio for houses.

    Nevertheless, caution is required. The days on market (DoM) for houses averages 146 days, a figure above the 90-day mark, suggesting demand for property may be weaker. A vacancy rate of 5.88% supports this view, as it exceeds the 3.5% threshold for high vacancy.

    Finally, the buy search index for houses in Pyalong mirrors the state/city average, recording a score of 5. This suggests a neutral level of demand compared to the wider region.

    These figures affirm that individual metrics need to be seen as part of the larger market scenario. A few adverse figures don’t necessarily detract from an area’s investment potential, as long as a majority of other indicators reflect positively. The HtAG Analytics’ RCS metric can greatly simplify this extensive research by providing a comprehensive overview of the market by analysing over 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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