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Irymple, VIC 3498

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 Irymple, VIC 3498 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 “Irymple, VIC 3498”

  1. The total adult population (15 years or older) of Irymple 3498 VIC is 4,819, with a median age of 40. Of those, 51.77% are married, 10.44% are divorced or separated, 32.27% are single and 5.62% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $7,740. The median monthly mortgage repayment for households in this suburb is $1,343 which is 17.35% of their earnings.

    Source: ABS Census Data (2021)

  2. Set amongst the landscapes of Victoria, you’ll find the suburb of Irymple 3498. Home to an estimated 3,066 households, this residential hub serves as a fraction of the local property market, presenting a unique blend of opportunities for prospective investors and buyers alike.

    As we enter Q3 of 2023, Irymple presents a lucrative investment arena, with typical median pricing for houses projected at a reasonable $559,177. A solid market return is well within grasp, with median weekly rents calculated at $423, producing a coveted indicative yield of 3.93%, pleasingly above the minimum 3% threshold often desired by cash flow focused property investors.

    Socio-economically, Irymple scores 974 out of a possible 1,217 in the IRSAD rankings, showcasing the suburb’s relatively favourable socio-economic status. The renter-to-owner ratio is a low 17%, indication that the market is not oversaturated with rental properties, making long-term returns promising.

    The unit-to-house ratio stands at a mere 2%, indicating a dominant house market, which is generally applauded by steady tenants, such as families, and reduces landlord competition. Furthermore, the affordability index for purchasing a house calculates to 28 years- showcasing that this is a market within the easier reach of many homebuyers.

    The suburb presents a favourable supply situation at a glance, with stock on market percentage for houses at 0.1%, signalling low supply, potentially driving up prices. Together with an inventory level of a mere 0.55 months, rapid market absorption is evident, creating an environment of increased demand with minimal stagnation.

    The building approvals Ratio for houses shows a modest 1.01%, indicating a limited increase in supply and maintaining favourable conditions for current property investors or potential buyers. The days on market average lingers at a low 29 days, suggesting a high demand and quick turnover for properties on the market.

    In terms of market vacancy, Irymple reports a combined vacancy rate for houses and units at an extremely low 0.57%, a testament to high demand and low supply, thereby enhancing its appeal to investors. Lastly, the suburb’s buy search index maintains a decent score of 4, indicating a relatively stable demand within the state and city averages.

    Overall, Irymple promises an intriguing balance of favourable metrics providing potential for yield and capital growth alike. However, fluctuations in market trends and metric values are inevitable, hence, maintaining an eye on the Relative Composite Score (RCS), a comprehensive tool provided by HtAG Analytics, can further strengthen investment decisions.

    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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