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Traralgon East, VIC 3844

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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 Traralgon East, VIC 3844 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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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 “Traralgon East, VIC 3844”

  1. The total adult population (15 years or older) of Traralgon East 3844 VIC is 1,494, with a median age of 46. Of those, 59.64% are married, 9.97% are divorced or separated, 25.90% are single and 4.08% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $9,980. The median monthly mortgage repayment for households in this suburb is $1,700 which is 17.03% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within the state of Victoria, Traralgon East 3844 is a bustling suburb home to approximately 996 households. The third quarter of 2023 shed light on various relevant real estate statistics for this thriving neighbourhood.

    Houses in this suburb typically fetched an appealing value of $682,817, while the median weekly rent stood at an inviting $480. This monetary exchange culminated in an indicative yield of 3.66%, making Traralgon East a viable option for cashflow-centric property investors.

    The socio-economic status of the suburb, represented by an IRSAD score of 1041 out of 1217, painted a prosperous picture of the area where residents enjoy greater access to economic resources, high income levels, and engage in skilled professions. As far as property ownership goes, the suburb boasts a low renter to owner ratio of a mere 5%, suggesting that most residents are homeowners.

    A noteworthy attribute of Traralgon East is its refreshing balance of real estate options. It comprises a unit to house ratio of only 5%, indicating a favourable market with less competition among landlords and a moderate diversity of dwelling types. Moreover, Traralgon East proves to be an affordable destination with the housing affordability index at a reasonable 27 years.

    Looking at the supply metrics, Traralgon East does rest on the higher end with its stock on the market percentage for houses at 2.21%; however, it counters this with an inventory level of only 1.15 months. These figures tell a story of a balanced market, consistent with the building approvals ratio for houses that stands at 1.41%, hinting at a healthy blend of new and existing dwellings.

    On the demand front, houses spend an average of 187 days on the market, pointing towards a slower market pace, but this is balanced out by a vacancy rate of just 1.96%. Consequently, Traralgon East still remains a desirable living destination for many Aussies, as indicated by its favourable buy search index for houses resting at five – right on par with the state average.

    In summary, Traralgon East displays a compelling blend of favourable property market factors, an appealing socio-economic landscape, balanced supply-demand mechanics, and robust affordability measures. These characteristics potentially contribute to its attractiveness as a promising real estate investment hub. Remember, making calculated, data-driven decisions is key to profitable investment outcomes. Simultaneously, an eye on the ongoing market trends should never be lost. Lastly, to automate this research, consider using HtAG Analytics’ Relative Composite Score (RCS) metric, making use of over 80 metrics for comprehensive and data-driven decision making.

    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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