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Tallarook, VIC 3659

Home » VIC Real Estate Data » Mitchell Shire, VIC » Tallarook, VIC 3659

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 Tallarook, VIC 3659 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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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 “Tallarook, VIC 3659”

  1. The total adult population (15 years or older) of Tallarook 3659 VIC is 641, with a median age of 50. Of those, 49.61% are married, 12.48% are divorced or separated, 34.63% are single and 4.06% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $8,032. The median monthly mortgage repayment for households in this suburb is $1,733 which is 21.58% of their earnings.

    Source: ABS Census Data (2021)

  2. Tallarook, postcode 3659, is a charming suburb nestled in Victoria, home to approximately 440 households. Delving into the third quarter of 2023, housing market data reveals that the typical house price in Tallarook sits at $711,438. Simultaneously, landlords can expect to charge a median weekly rent of $615, culminating in an enticing indicative yield of 4.5%.

    The socio-economic landscape of the area is promising with an IRSAD score of 1005 out of a possible 1217. This implies high socio-economic accessibility and resources, offering an attractive living environment for potential tenants. Furthermore, the renter to ownership ratio in Tallarook is relatively low at 11%, reducing competition among landlords.

    In terms of property types, Tallarook predominantly hosts houses as suggested by a unit to house ratio of 0%. This absence of unit oversupply encourages a stable rental market and allows for potential long-term tenancies, especially from families.

    However, potential investors should be wary of the affordability index. Standing at 35 years, it significantly exceeds the benchmark of a standard 30-year mortgage, indicating a potential hardship for ownership.

    Looking at supply indicators, the stock on market Percentage for houses is promising at just 0.23%, implying a positive market demand. A supportive inventory level further consolidates this, with an average sale timeline of 2.4 months for houses. The building approvals Ratio lingering at a non-existent 0.0% suggests the market isn’t likely to be inundated with new housing developments anytime soon.

    Demand metrics also provide an encouraging outlook. Houses average around 72 days on the market, reflecting a moderate appeal from buyers. A combined vacancy rate of 2.04% for houses and units indicates a balance between demand and supply. Moreover, a buy search index of 5 indicates an average level of purchase intent for houses, based on online search activity relative to the state/city average.

    Despite some diverging metrics, majority steer towards a favourable investment climate in Tallarook. Yet, as with any property investment, maintaining vigilance towards market trends is imperative. To further simplify this process, the Relative Composite Score (RCS) developed by HtAG Analytics can be utilised, consolidating over 80 metrics to provide a comprehensive market overview.

    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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