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Leopold, VIC 3224

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 Leopold, VIC 3224 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 

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 “Leopold, VIC 3224”

  1. The total adult population (15 years or older) of Leopold 3224 VIC is 10,867, with a median age of 41. Of those, 49.71% are married, 12.96% are divorced or separated, 31.62% are single and 5.73% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,824. The median monthly mortgage repayment for households in this suburb is $1,603 which is 20.49% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Victoria, the suburb of Leopold 3224 is a thriving community with approximately 6,152 households. As analysts glimpse into Q3 2023, the typical house prices in this vicinity have reached an average of $674,220.

    The median weekly rent sits at a comfortable $470, and the indicative yield is appealing – a favourable 3.62%. It’s a figure that certainly attracts investors who prioritize cash flow, as it surpasses the minimum market requirement of 3%.

    Adding to the charm of this region, Leopold 3224 boasts an encouraging IRSAD score of 983 out of 1217, reflecting a favourable socio-economic status. Furthermore, the renter to owner ratio rests at a healthy 18%. This lower value decreases market saturation with rental properties, thus promising more stable returns in the long term.

    Another aspect investors can rejoice is the area’s units to houses ratio: a low 6%. This signifies less competition among landlords for tenants, building up higher rental yields, and attracting long-term family renters.

    Despite exuding several appealing traits, Leopold’s affordability index exhibits a slightly bowing picture. At 34 years, it exceeds the typical 30-year mortgage assumption, suggesting decreased affordability for potential buyers.

    Investigating further into the supply metrics, we note that the stock on market Percentage for houses is 0.54%, a neutral value that indicates only a slightly increased supply. Meanwhile, the inventory level is also within favourable limits, at 2.2 months. The building approvals Ratio, however, stands at 1.63%, slightly leaning towards increased new dwelling supply in the market.

    Turning our attention to demand, we find the days on market (DoM) as a neutral 35, while the vacancy rate (combined houses and units) rests at 2.42%, indicating a balanced market. Additionally, the buy search index for houses sits at a neutral 4, an insight that leaves potential for further opportunities.

    Overall, Leopold 3224 showcases a strong investment proposition riding on favourable rental yields, good socio-economic status, and balanced supply-demand traits. However, investors should also take into account the slightly less favourable affordability index and rising new dwelling supply, while tracking future market developments to optimize their investment returns. As always, HtAG’s RCS metric, enveloping over 80 metrics, can be a helpful tool for investors seeking comprehensive real estate market insights.

    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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