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Charlemont, VIC 3217

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 Charlemont, VIC 3217 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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3BR

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Rent 

2BR

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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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 “Charlemont, VIC 3217”

  1. The total adult population (15 years or older) of Charlemont 3217 VIC is 2,102, with a median age of 29. Of those, 37.06% are married, 9.99% are divorced or separated, 50.14% are single and 2.95% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $9,136. The median monthly mortgage repayment for households in this suburb is $1,733 which is 18.97% of their earnings.

    Source: ABS Census Data (2021)

  2. As of Q3 2023, the suburb of Charlemont, postcode 3217 in Victoria, is home to about 3177 households. The typical price for houses stands at $625,404, while the median weekly rent is recorded at $474. These figures result in an indicative yield of 3.94%, exceeding the minimum attractive yield of 3%, and indicating a potentially lucrative market for cashflow-focused property investors.

    The Socio-Economic Indexes for Areas (IRSAD) score for this suburb is 1035 out of 1217. This relatively high score hints at a favourable socio-economic status of the local population, with inhabitants likely to have reasonable access to economic resources, and a decent income level.

    Charlemont has a favourable renter to owner ratio of 28%, suggesting a resident populace that carries a higher proportion of homeowners. This creates an environment when rental competition among property investors is lower which can yield better long-term returns.

    Interestingly, the units to houses ratio is recorded at zero in Charlemont, signalling that the market is dominated by houses. This could translate to less competition among landlords for tenants and suggests longer tenancy periods as more families might be attracted to the area.

    The affordability index or years to own metric for houses accounts to 27 years, ensuring high affordability among the residents, and making it an attractive market for potential investors and new residents alike.

    On the supply side, the stock on market Percentage for houses is higher (2.18%), suggesting more supply than demand. The inventory, a measure of market absorption, is at 8.87 months which is a high indicating a slower-moving market. Moreover, Buildings approvals ratio is well over the 2% threshold at 7.9% indicating increased supply of new dwellings in the market in the future.

    On the demand side, Charlemont shines with positive metrics. The average days on market for houses stands at 28, indicating high demand. This figure is well below the maximum of 35 days, signifying a brisk market, where houses are sold faster. Additionally, vacancy rates combine for both houses and units in Charlemont are recorded at a feasible 1.55%. This means the local rental market isn’t over-saturated, and there remains a substantial demand for rental properties.

    However, its buy search index sits at a neutral 5, indicating that the interest in buying property in this suburb matches the state average.

    In conclusion, Charlemont’s property market shows a mixture of favourable, neutral and adverse indicators. Investors are recommended to carefully consider these factors while considering their investment decisions. Knowledge of Relative Composite Score(RCS), developed by HtAG Analytics would help automate this research by utilising over 80 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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