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Churchill, VIC 3842

Home » VIC Real Estate Data » Latrobe City, VIC » Churchill, VIC 3842

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 Churchill, VIC 3842 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 

2BR

3BR

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5BR

Rent 

2BR

3BR

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

2BR

3BR

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 “Churchill, VIC 3842”

  1. The total adult population (15 years or older) of Churchill 3842 VIC is 3,993, with a median age of 38. Of those, 40.72% are married, 14.48% are divorced or separated, 39.39% are single and 5.21% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $5,388. The median monthly mortgage repayment for households in this suburb is $997 which is 18.50% of their earnings.

    Source: ABS Census Data (2021)

  2. Positioned within the state of Victoria, the suburb of CHURCHILL 3842 is home to approximately 2535 households. As we step into Q3 of 2023, property investment prospects in this area are looking promising. The typical housing prices in CHURCHILL 3842 currently sit at $393,796, while the median weekly rent is priced at $381. This combination results in an attractive indicative yield of 5.03%, which is well above the minimum cashflow-focused investor threshold of 3%.

    The neighbourhood boasts a socio-economic score of 871 out of a maximum 1,217, reflecting a strong socio-economic standing among the locals. In terms of property ownership, the area exhibits a balanced market with a renter to owner ratio of exactly 30%, which is within the preferred range.

    Characteristically, the market in CHURCHILL is dominated by houses, as indicated by a units to houses ratio of 0%, suggesting a potentially stable rental market due to the lack of competition among landlords. The affordability index also radiates positivity with a value of 29 years, underlining a high affordability amongst the residents.

    Supply metrics draw a similar picture, with the stock on market Percentage for houses being at a favourable low 0.32%, and the inventory level indicating a fast absorption rate at 0.89 months. Moreover, a building approvals Ratio for houses at 0.0% signifies that the suburb is unlikely to face an oversupply of new dwellings in the near future.

    Housing demand in CHURCHILL also shows somewhat promising trends, despite the Average days on market metric standing at 64, which is above the preferred 35 days. The area’s vacancy rate balances between the vacuum of high and low demand with a 2.27% figure, indicating a neutral rental market. The area’s buy search index for houses is at 4, putting it in the median demand range.

    Whilst the metric trends and indicators paint a generally positive picture for CHURCHILL 3842 for Q3, 2023, investors should still consider diversifying their analysis by incorporating tools like the RCS (Relative Composite Score) by HtAG Analytics, which provides an in-depth and automated investigation using over 80 metrics.

    Like all property investment ventures, remember that it’s fine to see a few metrics stretching into the unfavourable zone so long as the majority are favourable.

    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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