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Waurn Ponds, VIC 3216

Home » VIC Real Estate Data » Greater Geelong City, VIC » Waurn Ponds, VIC 3216

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 Waurn Ponds, VIC 3216 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 

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Yield 

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Buy 

1BR

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Rent 

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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 “Waurn Ponds, VIC 3216”

  1. The total adult population (15 years or older) of Waurn Ponds 3216 VIC is 4,151, with a median age of 27. Of those, 40.23% are married, 7.06% are divorced or separated, 50.83% are single and 1.88% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $9,932. The median monthly mortgage repayment for households in this suburb is $1,755 which is 17.67% of their earnings.

    Source: ABS Census Data (2021)

  2. Waurn Ponds is a vibrant suburb located in Victoria. The suburb is known to host approximately 1717 households. As we move into the third quarter of 2023, the housing market in Waurn Ponds has shown fascinating dynamics. The typical price for houses in this area stands at $870,913. The median weekly rent is set at $518, resulting in an indicative yield of an impressive 3.09%.

    The socio-economic state of Waurn Ponds is commendable, with an IRSAD score of 1044 out of 1217. We can interpret this score as reflective of substantial access to economic resources, fair income levels, and a well-skilled populace. The suburb employs a favourable renter to owner ratio of 21%, marking it as a less saturated market that poses lower risks for property investors and reduces competition among landlords for tenants.

    An Examination into property types in Waurn Ponds reveals a units to houses ratio of 3%. Such a low ratio indicates a predominance of houses over units, usually indicative of fewer landlords and consequently lesser competition for tenants. This often results in higher rental yields and longer tenancy periods, a favourable condition for property investors.

    With regard to property purchasing power, the affordability index lands at 34 years. Notably, this means potential homebuyers may need about 34 years to fully own a property in this suburb, assuming a standard 30-year mortgage, indicating decreased housing affordability.

    Taking a look at supply metrics, the stock on market Percentage for houses in Waurn Ponds stands at 0.77%, indicating neutral supply. Similarly, with an inventory level of 3.69 months, the market can be seen to have a slightly high absorbency but is still within reasonable bounds. The building approvals Ratio for houses, however, significantly stands at 20.85%, which raises concerns of an increased supply of new dwellings that may affect the market conditions.

    For demand metrics, the average number of days houses remain ‘on sale’ in the market, which is 55 days, indicating a neutral level of demand. The vacancy rate for houses and units combined is 1.94%, reflective of a near optimum balance of supply and demand. The buy search index for houses rests at 4, suggesting a fairly average level of interest from potential homebuyers.

    Investing in the property market is a decision that should be backed by a comprehensive understanding of market metrics. This data gives insight into the Waurn Ponds property market’s state, but staying informed and alert for market changes remains crucial for property investors. Always keep in mind that the RCS or Relative Composite Score by HtAG Analytics does an excellent job of analysing these metrics and more, simplifying real estate market interpretations.

    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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