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St Leonards, VIC 3223

Home » VIC Real Estate Data » Greater Geelong City, VIC » St Leonards, VIC 3223

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 St Leonards, VIC 3223 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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5BR

Rent 

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

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 “St Leonards, VIC 3223”

  1. The total adult population (15 years or older) of St Leonards 3223 VIC is 3,144, with a median age of 56. Of those, 51.05% are married, 16.54% are divorced or separated, 26.59% are single and 6.04% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,704. The median monthly mortgage repayment for households in this suburb is $1,654 which is 29.00% of their earnings.

    Source: ABS Census Data (2021)

  2. Diving into the bustling property market of ST LEONARDS 3223, this bustling Victorian suburb houses approximately 4700 households, signaling an established residential community. As we journeyed into Q3 of 2023, we noticed an average price of houses sitting at a competitive $851,764, coupled with a median weekly rent of $438. The marriage of these figures presented an indicative yield of 2.67% which, while sitting below the preferred minimum of 3% yield, offers potential for investors with a balanced outlook on capital gain and yield.

    ST LEONARDS boasts an IRSAD score of 961 out of 1217, indicating a robust level of socio-economic resources, including income levels and access to professional roles. An added appeal to property investors is the lower renter to owner ratio of 24%, well below the 30% benchmark, spotlighting an owner-occupied market that promotes stable long-term returns.

    Property type diversity flourishes with a low units to houses ratio of 7%, prompting less competition among landlords and a more appealing neighbourhood vibe. In relation to affordability, it’s important to note that the suburb poses a challenge, with the affordability index highlighting a rather high 58-year timespan required to fully own a property.

    Emphasising the supply metrics, we saw a favorable stock-on-market percentage for houses at a meagre 0.28%, indicative of a low-supply market. This is complemented by an inventory level of 1.6 months, again highlighting the low supply and quick absorption rate in the property market. However, investors should be aware that the building approval ratio stands at 2.38%, slightly above the favourable range, possibly indicating that an increase in supply could be foreseen.

    Our market demand metrics painted a fairly neutral picture, with an average of 75 days on market for houses – neither high nor low. The combined rental vacancy rate maintained a moderate level at 3.33%, again indicating a balanced rental demand in the market. In addition, a buy search index reflective of the state average signifies an equal interest amongst investors and homebuyers alike.

    In conclusion, ST LEONARDS 3223 offers a compelling investment opportunity for investors, especially those seeking a balance between yield and capital gain with a preference for owner-occupier dominant markets and lower competition among landlords. However, keeping tabs on supply changes due to building approvals and considering the long-term affordability should be integral in making well-informed investment decisions. Let’s not forget, HtAG Analytics’ RCS metric can help you understand this and much more about property market 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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