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Bunyip, VIC 3815

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 Bunyip, VIC 3815 located in Melbourne 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 “Bunyip, VIC 3815”

  1. The total adult population (15 years or older) of Bunyip 3815 VIC is 2,422, with a median age of 38. Of those, 52.15% are married, 10.53% are divorced or separated, 32.54% are single and 4.95% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $8,864. The median monthly mortgage repayment for households in this suburb is $1,950 which is 22.00% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Bunyip, with post code 3815, is snug within Victoria’s embrace, comprising approximately 1413 households. As Q3 of 2023 rolls around, a glance at the property market data reveals that the average house price in Bunyip is poised at $868,560. Meanwhile, the median weekly rent stands at $477, resulting in an indicative yield of 2.86% – just a shade under the minimum 3% that property investors would find desirable.

    Bunyip ranks well in socio-economic terms, with an IRSAD score of 1002 out of a possible 1217. This proposes that the residents of this suburb enjoy moderate access to fundamentally advantageous resources. Whether you’re looking to invest or settle, Bunyip could cater to your needs with over 89% of owners residing in a healthy market, as evinced by a charmingly low 11% renter to owner ratio.

    In terms of property type, houses are the dominating sector in the local property market, as indicated by a 7% units to houses ratio. This trend is attractive to families seeking to settle down and invites potentially longer tenant periods for investors, minimising competition. However, it’s crucial to factor in that prospective buyers may need to plan for a long haul, given the affordability index is 38 years.

    Analysing the supply, a stock on market Percentage of 0.9% implies a balanced market. Meanwhile, an inventory level of 2.94 months indicates a healthy absorption rate for new house listings.

    Calling attention to the low supply in the market, the Building Approval ratio for houses hangs low at 0.15%, hinting that few new properties will be added in the near future.

    Home listings aren’t lingering too long on the market with the average days on market at 39, hinting at a healthy demand. Vacancy rates combine for houses and units standing at 3.09% is within the neutral territory, neither too high nor too low, demonstrating a decent equilibrium of supply and demand.

    Finally, a buy search index of 4 suggests a level of interest close to the state/city average. As we navigate the metrics, it’s important to remember one or two indifferent figures don’t spell disaster if the majority of metrics are looking favourable. It’s all about locating the right balance and keeping a keen eye on market trends, ideally with the assistance of the RCS (Relative Composite Score) by HtAG Analytics.

    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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