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Endeavour Hills, VIC 3802

Home » VIC Real Estate Data » Casey City, VIC » Endeavour Hills, VIC 3802

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 Endeavour Hills, VIC 3802 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 “Endeavour Hills, VIC 3802”

  1. The total adult population (15 years or older) of Endeavour Hills 3802 VIC is 20,150, with a median age of 39. Of those, 54.45% are married, 9.65% are divorced or separated, 31.32% are single and 4.61% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $7,624. The median monthly mortgage repayment for households in this suburb is $1,848 which is 24.24% of their earnings.

    Source: ABS Census Data (2021)

  2. Endeavour Hills 3802 is a well-established suburb located in Victoria, it hosts approximately 9082 households, manifesting a strong sense of community. As we look into the third quarter of 2023, the property market in Endeavour Hills presents some intriguing data.

    The typical price for houses situates around the $869,017 mark, propelled by a strong housing sector in the area. House rentals fetch a median weekly rent of $453. This produces an indicative yield of 2.71%, a little below the minimum 3% attractive market requirement for cash-flow centred property investors, but still substantial.

    The suburb carries an IRSAD score of 987 out of a possible 1217, indicating a reasonably strong socio-economic status. Endeavour Hills is largely an owner-occupied area with the renter to owner ratio standing at 19%, suggesting a low-saturation rental market, which can mean less competition and potentially higher long-term returns for investors.

    The unit-to-house ratio is impressively low at 6%; this suggests that houses heavily dominate the area, reducing rental competition among owners of units and helping to maintain potentially higher yields. It’s common to see more families attracted to such areas, likely ensuring longer tenancy periods.

    However, the affordability index for houses may be of concern to potential residents and investors alike. At 45 years, it falls within the unfavourable range, prompting the need for careful market evaluation.

    When examining the supply metrics, Endeavour Hills has a stock on market Percentage of 0.27% for houses, indicating a highly favourable low supply condition. The inventory level for houses is equally favourable at 1.34 months, suggesting a rapid absorption of new house listings into the market. The building approvals Ratio follows suit at 0.32%, showing a relatively low supply of newly approved residential buildings in the area.

    In terms of demand, the average days on market for houses stands at a mere 27 days, indicating high demand and possibly a fast-paced market. The vacancy rate, when taking both houses and units into consideration, is at a low 0.89%, suggesting high occupancy rates and demand. However, with a buy search index of 3, it gestures possibly limited demand from those looking to purchase houses compared to the average in Victoria.

    Although individually some metrics may seem less than favourable, it’s important to remember that the overall performance and potential of a property market are often dictated by a majority of favourable key metrics and trends. The RCS metric developed by HtAG Analytics, which considers over 80 factors, can significantly aid an overall assessment and decision-making process when investing in a suburb like Endeavour Hills 3802. Keep a keen eye on the trends and always base your decisions on comprehensive and up-to-date market data.

    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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