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Ararat, VIC 3377

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 Ararat, VIC 3377 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 “Ararat, VIC 3377”

  1. The total adult population (15 years or older) of Ararat 3377 VIC is 7,276, with a median age of 45. Of those, 40.35% are married, 13.61% are divorced or separated, 38.88% are single and 7.19% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $6,432. The median monthly mortgage repayment for households in this suburb is $1,083 which is 16.84% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Victoria, the suburb of ARARAT 3377 is home to an approximate 4371 households, making it a hub of life and activity. As the third quarter of 2023 unfolds, the typical prices for houses in this vibrant locale rests at AU$395,258. Each week, the median rent hits AU$353, thereby providing an enticing indicative yield of 4.64%.

    Bearing a socio-economic score, or IRSAD, of 904 out of a possible 1217, ARARAT 3377 reveals strong socio-economic standing with good access to economic resources and a prevalence of skilled professions within its population. Reflective of the suburb’s popularity among home-owners, the renter to owner ratio is a consistent 26%, suggesting a stable property market with potentially less competition for investors.

    Nestled among the many singles and families living in ARARAT 3377, the unit to house ratio is a minimal 6%. This not only indicates that there is a lower level of rental saturation but also shows a preference towards larger, family-style properties within the suburb – a telling factor for long-term property investors seeking stable tenancy.

    The affordability index points to a 24-year duration to own a property outright in ARARAT 3377. This, married with the stock on market Percentage for houses at a modest 0.63%, signals a favourable buying environment with competitive property prices.

    Furthermore, inventory levels for houses in ARARAT 3377 are resting comfortably at 1.74 months. This demonstrates a swift property turnover, which alongside a building approvals Ratio for houses of 0.71%, points to moderate new dwelling supply in the market.

    However, with houses averaging 75 days on the market, further research is needed to assess the demand and potential for capital gains. The low vacancy rate of 0.87% across both houses and units suggests a high demand, yet the buy search index at 3 may point to a more regular search intensity.

    Yet, with an influx of favourable statistics and a dynamic property landscape, it remains important that investors maintain a close watch on the market trends and remain informed of the opportunities for capital growth and positive cash flow. The development of metrics like the RCS (Relative Composite Score) by HtAG Analytics can streamline this process by automating in-depth property market research across over 80 metrics.

    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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