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Clyde North, VIC 3978

Home » VIC Real Estate Data » Casey City, VIC » Clyde North, VIC 3978

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 Clyde North, VIC 3978 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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Yield 

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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 “Clyde North, VIC 3978”

  1. The total adult population (15 years or older) of Clyde North 3978 VIC is 22,480, with a median age of 30. Of those, 60.65% are married, 7.30% are divorced or separated, 29.71% are single and 2.32% are widowed.

    The average household size is 3.3 people per dwelling, and the median household monthly income is estimated to be $8,796. The median monthly mortgage repayment for households in this suburb is $2,167 which is 24.64% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Victoria, the suburb of Clyde North 3978 is home to an estimated 17,310 households. As of Q3 of 2023, the typical house prices in this area stand at $706,414, with a median weekly rent standing at $443. This produces an indicative yield of 3.26%, which makes the area a favourable market for cashflow-centred property investors.

    In terms of socio-economic status, the IRSAD score of Clyde North is 1040 out of a possible 1217, suggesting a well-off neighbourhood with access to a notable range of economic resources. The low renter to owner ratio of 23% makes the area more appealing to property investors, as it indicates reduced competition among investors. Furthermore, the suburb boasts a commendably low units to houses ratio of 1%, reflecting less competition among landlords for tenants, which can help maintain higher rental yields.

    The affordability index for houses stands at 31 years, indicating a certain level of unaffordability. This metric suggests that residents may need a longer time to fully own a property in this area despite median incomes and current interest rates.

    When it comes to supply metrics, the stock on the market percentage for houses is 2.12%, indicating a high supply. This is echoed by the inventory level for houses, which is at 6.56 months, suggesting a populous market. Interestingly, the Building Approval Ratio for houses is quite high at 12.13%, reflecting a strong potential increase in new dwellings.

    Considering demand metrics, houses in Clyde North typically stay 41 days on the market before being sold. The vacancy rate, a combination of houses and units, is placed at 2.36%, suggesting a neutral demand. Interest in the area, measured by the buy search index, stands at 3; while not strikingly high, this demonstrates a substantial level of demand.

    In a nutshell, it seems that Clyde North 3978 presents a reasonably balanced property market for potential investors. While some indicators point towards a slight oversupply, the robust level of demand combined with the attractive indicative yield and socio-economic factors can offset this. As with any property market, keeping an eye on trends in these metrics is crucial for making informed investment decisions. Aspects such as the RCS (Relative Composite Score) can further streamline this process, making it easier to monitor over 80 different property market metrics.

    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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