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Tyers, VIC 3844

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 Tyers, 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

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 “Tyers, VIC 3844”

  1. The total adult population (15 years or older) of Tyers 3844 VIC is 739, with a median age of 41. Of those, 53.99% are married, 10.69% are divorced or separated, 31.12% are single and 3.11% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $9,208. The median monthly mortgage repayment for households in this suburb is $1,517 which is 16.47% of their earnings.

    Source: ABS Census Data (2021)

  2. The small rural suburb of Tyers, post code 3844, is nestled within the state of Victoria. In Q3 of 2023, approximately 444 households call this area home.

    Now, to dive into the property market statistics specifically for houses in this region. As of the third quarter of 2023, house prices in Tyers are demonstrating a solid performance with a typical price standing at AUD$694,134. The median rent per week amounts to $379, resulting in an indicative yield of 2.84%, slightly lower than the minimum 3% attractive market requirement.

    The socio-economic status of Tyers is fairly favourable, with an IRSAD score of 1003 out of a possible 1217. This score discerns a high level of economic resources, above-average income levels and skilled professions within the suburb.

    The ratio of renters to owners hits a low 4%, indicating long-term stability and commitment to the community, which is an appealing factor to prospective property investors. An additional strength is witnessed in the units to houses ratio, given it sits at 0%, illustrating a market predominated by houses, a favoured aspect for most buyers and investors.

    The local property market capacity of Tyers also looks encouraging with an affordability index of 30 years, suggesting a balanced market wherein residents find owning property as achievable within a standard mortgage timeline.

    Now, turning our gaze to supply metrics, we’ll find that the stock on market percentage rests comfortably at 0.45%. This lies within the favourable and neutral range, indicating low to balanced property supply in the market. The suburb’s inventory level is 1.85 months, painting a picture of a market that absorbs new listings at an encouraging rate. Moreover, the building approvals Ratio for houses is at a favourable 0.0%, no new supply impending which might disrupt the balance.

    The average days on market (DoM) for houses is 28 days, indicating high demand. However, the vacancy rate reads at 5.26%. This is generally a symptom of low demand, however, it is beneficial to interpret this figure in tandem with other metrics. Happily supporting the argument for strong interest, the buy search index for houses is high at 6.

    All these statistics present Tyers, 3844 as a compelling property investment territory, however it’s crucial to bear in mind the overarching market trends. Additionally, consider the RCS (Relative Composite Score) metric developed by HtAG Analytics, this takes into account over 80 metrics and seamlessly automates this research for you.

    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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