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Botanic Ridge, VIC 3977

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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 Botanic Ridge, VIC 3977 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 

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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 “Botanic Ridge, VIC 3977”

  1. The total adult population (15 years or older) of Botanic Ridge 3977 VIC is 4,846, with a median age of 32. Of those, 55.74% are married, 8.75% are divorced or separated, 34.01% are single and 1.55% are widowed.

    The average household size is 3.2 people per dwelling, and the median household monthly income is estimated to be $10,376. The median monthly mortgage repayment for households in this suburb is $2,200 which is 21.20% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Victoria, the suburb of Botanic Ridge, postcode 3977, is home to approximately 2865 residential households. As we head into the third quarter of 2023, typical price points for houses in the area stand at AUD 911,916, with the weekly median rent set at AUD 504. This culminates in a yield of 2.87%, sitting just below the typical minimum attractive market yield of 3% for property investors who are cash-flow centric.

    With regard to socio-economic factors of Botanic Ridge, the area carries an IRSAD score of 1062 out of a possible 1217. This indicates a relatively high access to economic resources and signals a population with a favourable level of income and professional skill sets.

    The renter to owner ratio in the suburb is a mere 12%, well below the 30% threshold that would indicate a heavy saturation of rental properties, which can present lower returns over the long-term. Furthermore, the units to houses ratio stands at 0%. This is excellent news for potential landlords, as it infers less competition for tenancy, which can aid the maintenance of higher rental yields.

    The affordability index for houses in Botanic Ridge is 34 years. This is slightly beyond the optimal range of below 30 years, indicating decreased affordability within the area. It suggests that homeowners may face a somewhat higher financial strain to fully own their property within a standard 30-year mortgage span.

    Stock on the market presently accounts for 1.22% of the total dwellings in the area, landing a bit higher than the desirable range, while the inventory level encapsulates 3.26 months worth of stock turnover, suggesting that the property market of this suburb is a neutral to high supply market.

    Newly approved residential buildings account for 2.88% relative to existing dwellings, indicating an increased supply of new dwelling stock.

    Houses typically remain on the market for 87 days, showing slightly reduced demand. However, a market vacancy rate of 0.85% implies that despite this somewhat slow-moving sales rate, the area maintains a high demand in rental occupancy.

    Meanwhile, the buy search index measures 4, indicating a decent demand for purchasing property in Botanic Ridge 3977. It is important, however, to keep a close eye on market trends and the trajectories of these metrics.

    In totality, despite a couple of slightly unfavourable metrics, the overall market conditions of Botanic Ridge display a strong appeal for property investors, based on the presented data for Q3 2023. To further assist in decisions of property investment, the HtAG Analytics’ Relative Composite Score metric integrates over 80 differing metrics to automate such a detailed analysis.

    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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