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Kerang, VIC 3579

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 Kerang, VIC 3579 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

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

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 “Kerang, VIC 3579”

  1. The total adult population (15 years or older) of Kerang 3579 VIC is 3,313, with a median age of 51. Of those, 43.22% are married, 15.00% are divorced or separated, 30.64% are single and 10.90% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,648. The median monthly mortgage repayment for households in this suburb is $1,000 which is 17.71% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Kerang, postcode 3579, situated in Victoria, is comprised of an estimated 2,420 households. As we assess the property market in Kerang for Q3 of 2023, we note typical house prices standing at $306,572. The median weekly rent is valued at $278, producing an enticing indicative yield of 4.72%. This is a favourable return for cashflow-centric investors, being well above the minimum attractive benchmark of 3%.

    Kerang’s socio-economic status, reflected by an IRSAD score of 895 out of 1,217, suggests a relatively decent standard of living for the local residents, indicating a blend of earnings and access to amenities.

    The renter to owner ratio is observed at 23%, which falls well within the healthy investment range of 30% and below. This suggests a promising investment environment, illustrating that the property market is not oversaturated with rental properties, thereby reducing overall competition with other property investors.

    Complementing this is the suburb’s units to houses ratio of just 6%. This low percentage indicates to property investors that there is a healthy balance between unit and house listings, posing less direct competition between local landlords vying for tenants. This scenario can help to uphold rental yields and retain the distinctive ambience of the neighbourhood, making it more appealing to potential buyers and renters.

    Affordability within Kerang also paints an appealing picture for potential buyers, with the affordability index for houses standing at 21 years. This value underlines that the local property market presents great opportunities for buyers when compared to markets where the values exceed 31 years.

    The stock on market Precentage for houses in Kerang is minimal, at just 0.19%, falling well into the favourable range below 0.4%. This reflects a lower supply of unsold properties, indicating less competition for sellers.

    The inventory level in Kerang sits at 0.84 months, again reflecting a favourable low supply dynamic in the property market. The building approvals Ratio for houses is at a moderate 0.37%, suggesting a balanced development rate in the area.

    The average days on market (DoM) for houses is at 52, suggesting a healthy demand. The combined vacancy rate for houses and units in the area stands at a low 0.73%, again advocating high demand which augurs well for landlords.

    Lastly, the buy search index for houses in Kerang stands at 4, reflecting a neutral to slightly favourable buy demand from prospective house buyers.

    In summary, while considering the full range of metrics available via the RCS (Relative Composite Score), Kerang presents predominant favourable metrics and overall indicates a potentially advantageous location for property investors.

    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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