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Little River, VIC 3211

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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 Little River, VIC 3211 located in Melbourne 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

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Yield 

1BR

2BR

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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 “Little River, VIC 3211”

  1. The total adult population (15 years or older) of Little River 3211 VIC is 1,095, with a median age of 42. Of those, 52.60% are married, 9.13% are divorced or separated, 34.43% are single and 3.56% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $8,712. The median monthly mortgage repayment for households in this suburb is $2,167 which is 24.87% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Little River, 3211, is nestled snugly within the state of Victoria. This quaint locale is estimated to play host to approximately 666 households.

    As we cross into the threshold of Q3 in 2023, the typical prices for houses in Little River stand at an impressive $1,330,333. The median weekly rent brushes around a seemingly fair $755. However, with an indicative yield just shy of the 3% mark at 2.95%, potential returns for property investors may require additional investigation.

    In analysing the socio-economic climate of the area, the IRSAD score, a gauge of the economic resources and professional skill set of its inhabitants, looms at a noteworthy 996 out of 1217. The renter to owner ratio, a definitive measure of real estate investment risk, stands at a promising 11%, substantially under the 30% threshold. Little River may present a substantial long-term return for potential investors, given the low competition attributable to the ratio.

    Adding to the charm of Little River is that it’s a haven for house dwellers; it holds an unbeatable units to houses ratio of 0%, indicating little to no competition for landlords in securing tenants. However, it’s worth noting with a sober mindset, the affordability index for houses leaves room for improvement, standing at 60 years, potentially discouraging for aspiring homeowners.

    Coming to other supply metrics, the stock on market Percentage for houses in Little River sits comfortably at 0.45%. This falls within the neutral range but is favorably closer to the more desirable end of the spectrum indicating somewhat lower supply. Meanwhile, inventory suggests a slightly unfavourable market with a supply lasting 5.14 months. While the building approvals Ratio towers at a whopping 90.0%, an indication of a potentially saturated upcoming supply.

    These houses typically endure an extended stay on the market, averaging at a sluggish 156 days, a trend that leans towards lower demand. Concurrently, the combined vacancy rate for both houses and units is 2.82%, a figure that resides within a moderate-demand parameter.

    Finally, the Buy Search Index, a testament of online buyer’s interest, stands at 4 for houses. This places Little River at slightly above the lower limit indicating moderate buyer interest keeping in line with the other demand metrics outlined.

    It’s vital to note the trend of these metrics over time would assist in painting a more accurate picture of the property landscape within Little River. While it’s perfectly fine for a few metrics to fall within the unfavourable range, the majority of these analytics suggest a well-balanced climate for both real estate investors and potential homeowners alike. The HtAG Analytics RCS metric could be further explored by those desiring a more comprehensive insight.

    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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