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Koo Wee Rup, VIC 3981

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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 Koo Wee Rup, VIC 3981 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

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Rent 

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4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

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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 “Koo Wee Rup, VIC 3981”

  1. The total adult population (15 years or older) of Koo Wee Rup 3981 VIC is 3,127, with a median age of 34. Of those, 44.45% are married, 12.09% are divorced or separated, 37.19% are single and 6.04% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $8,376. The median monthly mortgage repayment for households in this suburb is $1,811 which is 21.62% of their earnings.

    Source: ABS Census Data (2021)

  2. The Victorian suburb of Koo Wee Rup (3981) is a closely-knit community housing approximately 1,835 households. Plunging into the statistics for Q3 2023, residential properties in Koo Wee Rup are observed to have standard prices resting at $753,627 while the median weekly rent lands at $481, showing a satisfactory indicative yield of 3.32%. This figure surpasses the attractive market requirement of 3%, making Koo Wee Rup a relatively desirable investment for those focusing on cashflow.

    The socio-economic review frames Koo Wee Rup with an IRSAD score of 948 out of 1217, pointing to a reasonable level of socio-economic conditions. Koo Wee Rup maintains an enthusiastic homeowner community with a renter to owner ratio of 18%, substantiating a strong housing-market appeal.

    Favourably, this suburb hosts a majority of houses than units with a units to houses ratio of 10%, which corresponds to less competition among landlords and the potential of longer tenancy periods. However, the suburb treads on thin ice with an affordability index rating of 35 years, exceeding the 30-year standard mortgage length and hinting at decreased housing affordability.

    Peeling back the layers on Market Precentage (‘som_perc’) unveils a moderate stock level hovering at 0.7%. It suggests a balanced property market but slightly leans towards a low supply. Furthermore, Koo Wee Rup’s inventory rests at 2.67 months, further confirming the market is neither flooded nor starved for properties. Meanwhile, the building approvals Ratio is maintained at 1.0%, indicating restrained new property expansion.

    However, with an average of 122 days on market (dom), homes tend to linger longer before being snapped up, which suggests softer demand. This is also reflected in the buy search index for houses standing at 4, indicating the demand in the area is lower than Australia’s metropolitan markets.

    On the brighter side, a notably depleted vacancy rate (0.9%) is observed. Such low rates signal high demand with little available supply, triggering favourable rental conditions.

    While Koo Wee Rup presents a mixed bag of indicators, the key here is to comprehensively study each investment strategy and consider aligning these with your investment appeal and patient diligence. It’s important to note that the Relative Composite Score (RCS) by HtAG Analytics eases this research process by analysing 80 different metrics effectively and efficiently.

    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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