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Eumemmerring, VIC 3177

Home » VIC Real Estate Data » Casey City, VIC » Eumemmerring, VIC 3177

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 Eumemmerring, VIC 3177 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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Yield 

2BR

3BR

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5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

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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 “Eumemmerring, VIC 3177”

  1. The total adult population (15 years or older) of Eumemmerring 3177 VIC is 1,848, with a median age of 35. Of those, 46.48% are married, 14.50% are divorced or separated, 33.06% are single and 6.06% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $5,692. The median monthly mortgage repayment for households in this suburb is $1,517 which is 26.65% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the prime state of Victoria, Eumemmerring 3177 hosts an estimated total of 1127 households. As per the quarter three (Q3) report of 2023, the prevalent property market in this suburb has houses working at typical prices of about $682,777. Along with a median weekly rent valued at $422, this suburb boasts of an attractive indicative yield of 3.21%.

    A closer look at Eumemmerring’s fundamental dynamics reveals an effective IRSAD score of 883 out of 1217. This enhances the socio-economic standing of its residents contributing to an overall balanced and appealing landscape for property investors. The suburb also poses a significant renter to owner ratio of 38%, which somewhat dilutes the owner-occupier nature of the suburb but remains within a manageable level.

    The ratios of units to houses within the area portfolio balance at around 43% in favour of houses, demonstrating a strong inclination towards family residences rather than rentals. Yet, the supply demand sees affability via the affordability index for houses, soaring at a considerable 47 years which calls for a long-term investment perspective.

    Eumemmerring unfolds a favourable market potential with stock on the market for houses calculated at a desirable 0.46% coupled with an equally notable inventory level of 1.85 months. With the pending building approvals Ratio for houses at 2.09%, the area foresees a moderate increase in housing supply that could affect prices if not matched by demand.

    As per the demand metrics, the average days on market has been recorded at 58. While this suggests moderate demand, it’s congruent with a remarkably low vacancy rate of 0.7% (across houses and units) displaying a rare high occupancy rate in Eumemmerring.

    However, with a buy search index for houses recorded at a neutral 3, it indicates a balanced interest but may call for further demand stimulation strategies to secure a robust investment scenario.

    As an investor, you would agree that not just the current figures but an increasing trend in these metrics would be preferable. It’s crucial to consider the Relative Composite Score (RCS) which summarises over 80 market metrics to streamline your investment decisions in line with the prevalent market trends and potential forecasts. Even with some metrics falling out of the desired range, Eumemmerring 3177 can offer an intriguing investment opportunity given its robust fundamentals and balanced supply and demand dynamics.

    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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