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Cardross, VIC 3496

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 Cardross, VIC 3496 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 “Cardross, VIC 3496”

  1. The total adult population (15 years or older) of Cardross 3496 VIC is 672, with a median age of 39. Of those, 50.60% are married, 11.16% are divorced or separated, 34.67% are single and 3.72% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $7,632. The median monthly mortgage repayment for households in this suburb is $1,300 which is 17.03% of their earnings.

    Source: ABS Census Data (2021)

  2. In the quiet suburb of CARDROSS 3496, nestled in Victoria, there exists a quaint community of approximately 332 households. The third quarter of 2023 reveals interesting statistics for this suburb’s property market.

    Houses in CARDROSS 3496 are priced around $467,186 on average. They typically command a weekly rent of around $331. This translates to an indicative yield of approximately 3.68%, exceeding the minimum market requirement of 3% and pointing towards a market environment that favours cashflow-focused property investors.

    The socio-economic status of the area, represented by an IRSAD score of 936 out of 1217, suggests a moderately strong economic environment. In terms of owner occupancy, CARDROSS is sitting quite favourably with a considerably low renter to owner ratio of just 12%. The low ratio is a healthy sign for long-term returns and the overall charm of the community.

    Furthermore, properties here are predominantly houses, with a low units to houses ratio of only 1% ensuring less competition in rental markets among landlords and typically longer tenancy periods.

    In terms of affordability, the index for houses is 24 years—well within the favourable rating and indicative of a high affordability amongst residents, which could lead to a high demand in property purchases.

    Supply metrics are also in a very favourable range with a low stock on market Percentage for houses at 0.3%, suggesting a low supply. Concurrently, the inventory level for houses rests at just 1.5 months, signifying an active market capacity to accommodate new listings.

    A relatively low BA Ratio for houses at 0.6% further indicates a favourable market condition with low supply of new dwelling stock.

    In terms of demand metrics, houses spent an average of 47 days on the market which suggests a neutral demand. The Vacancy Rate, encompassing both houses and units, is at a balanced level of 2.5%.

    Lastly, the buy search index for houses sits at 3, indicating a neutral demand when compared with the state or city average.

    In conclusion, the overall property market indicators for CARDROSS 3496 appear favourable for prospective buyers and investors. However, a keen observation on the current market trends using a comprehensive tool such as the RCS by HtAG analytics is always recommended for more accurate insights into the property market.

    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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