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Blind Bight, VIC 3980

Home » VIC Real Estate Data » Casey City, VIC » Blind Bight, VIC 3980

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 Blind Bight, VIC 3980 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 

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Rent 

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Yield 

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Buy 

1BR

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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 “Blind Bight, VIC 3980”

  1. The total adult population (15 years or older) of Blind Bight 3980 VIC is 1,032, with a median age of 39. Of those, 49.13% are married, 12.40% are divorced or separated, 34.50% are single and 4.65% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $8,500. The median monthly mortgage repayment for households in this suburb is $1,742 which is 20.49% of their earnings.

    Source: ABS Census Data (2021)

  2. Blind Bight, postcode 3980, is a suburb located in Victoria, with an estimated total of 504 households. As the third quarter of year 2023 comes to a halt, the real estate data gathered show that the typical price for houses in Blind Bight hit $735,037. The median weekly rent here registers at $550, thereby implying an indicative yield of 3.89%. Evidently, I must point out that this yield surpasses the minimum 3% market requirement, making it an attractive proposition for property investors focused on cashflow.

    Peeking at the socio-economic aspect, Blind Bight displays an IRSAD score of 955 out of 1,217. This score reveals a reasonably favourable socio-economic status within the populace. Furthermore, with a renter-to-owner ratio of just 10%, the property market here is far from saturated with rental properties, which is considered favourable for long-term returns and reduces potential investment risks.

    Remarkably, the ratio of units to houses in this suburb sits at 0%, meaning that there are far fewer units available on the market compared to houses. This ratio minimises competition among landlords for tenants, thus bolstering high rental yields whilst sustaining the overall appeal of the neighbourhood.

    However, the Affordability Index, represented by the years needed to fully own a property, falls at 34 years; slightly over the standard 30-year mortgage term. This could pinpoint towards decreased affordability within the suburb.

    Examining further into the property supply indicators, it’s observed that the stock on market Percentage for houses in Blind Bight is 0.99%, sitting within the neutral range. Additionally, the inventory level of 3.33 months indicates a neutral market absorption characteristic. Notably, the building approvals Ratio for houses here is at 0%, suggesting a low supply of new dwelling stock which could also be interpreted as favourable.

    Looking into the demand metrics, the Avearge days on market (DoM) for houses is 25 suggesting a high demand for properties in this suburb. The vacancy rate combining both houses and units rests at 2.04%, indicating neutral stance in demand. Lastly, the buy search index for houses in Blind Bight is 3, lying within the neutral range.

    As with all property investments, it’s crucial to consider that while some metrics may fall within the unfavourable range, majority trends for Blind Bight 3980 guide towards a favourable investment environment, emphasising on the importance of trend analysis of these metrics. Lastly, remember the HtAG Analytics’ Relative Composite Score (RCS) is always an insightful tool, utilising over 80 metrics to streamline and automate these research efforts.

    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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