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Beaufort, VIC 3373

Home » VIC Real Estate Data » Pyrenees Shire, VIC » Beaufort, VIC 3373

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 Beaufort, VIC 3373 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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5BR

Buy 

1BR

2BR

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Rent 

1BR

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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 “Beaufort, VIC 3373”

  1. The total adult population (15 years or older) of Beaufort 3373 VIC is 1,461, with a median age of 51. Of those, 42.16% are married, 17.11% are divorced or separated, 31.42% are single and 9.58% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,916. The median monthly mortgage repayment for households in this suburb is $1,160 which is 19.61% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Beaufort, postcode 3373, is nestled within the state of Victoria and comprises approximately 1164 households. As we enter the third quarter of 2023, the average price for houses in Beaufort stands at $495,707, while homes fetch a median weekly rent of $320. This results in an indicative yield of 3.36%, hinting at a favourable investment environment for cashflow-focused property investors.

    In terms of socio-economic factors, Beaufort boasts an IRSAD score of 905 out of 1217, signifying a solid access to economic resources, higher than average income levels and a decent chunk of skilled professions. When it comes to the renter to owner ratio, a low 17% indicates a favourable market, showing the suburb is not oversaturated with rental properties and making it less susceptible to long-term risk and competition.

    Further cementing Beaufort’s potential as a wise investment choice is the units to houses ratio, standing at 0%. This means there’s a considerably lower presence of units (such as apartments or studios), reducing competition among landlords and ensuring a tendancy towards longer tenancy periods.

    However, prospective buyers should take into consideration the suburb’s affordability index, which stands at 33 years. This figure is slightly above the average 30-year mortgage term, indicating a somewhat reduced level of affordability in the area.

    Examining supply metrics reveals promising figures. With a low stock on market Percentage for houses at 0.17% and inventory levels at 0.71 months, Beaufort may present a favourable market with a lower amount of competition for buyers. Additionally, the building approvals ratio for houses is at a low 0.17%, suggesting limited influx of new housing stock in the foreseeable future.

    The average number of days on market for houses in Beaufort in Q3 2023 is 50 days, and the vacancy rate sits at a low 1.51%. Although the buy search index is somewhat moderate at 4, other favourable factors garner Beaufort favourable consideration for property investors.

    Simultaneously, staying on top of property data trends in this and other dominant investment suburbs is paramount for capitalising on potential opportunities for capital gains and positive cash flow. As the market continues to develop, a vigilant investor will reap the benefits of wise real estate decisions, guided by metrics and trends.

    Additionally, it’s vital to remember tools like RCS (Relative Composite Score) from HtAG Analytics, which can simplify research by providing aggregate score of over 80 metrics, thus aiding in making knowledgeable and confident investment decisions.

    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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