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Ouyen, VIC 3490

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 Ouyen, VIC 3490 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 “Ouyen, VIC 3490”

  1. The total adult population (15 years or older) of Ouyen 3490 VIC is 1,015, with a median age of 52. Of those, 47.49% are married, 11.53% are divorced or separated, 30.54% are single and 10.84% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $5,976. The median monthly mortgage repayment for households in this suburb is $734 which is 12.28% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Victoria, the suburb of Ouyen 3490 is home to approximately 806 households. With the recently gleaned data from Q3 2023, it’s evident that the property market in Ouyen offers some fascinating prospects particularly suited to property investors and buyers.

    Focusing on houses, these typical properties are currently priced at $192,957, while the median weekly rent sits attractively at $305. This combination yields an impressive indicative yield of about 8.22%, which well outperforms the minimum market requirement of 3%, making Ouyen a lucrative choice for cashflow-centred property investors.

    Seeing Ouyen’s IRSAD score at 928 out of a potential 1217 further bolsters its appeal. It indicates that the suburb hosts a population with a higher-than-average socio-economic status, contributing to the suburb’s overall desirability and stability.

    The renter to owner ratio in Ouyen is low at 21%. This figure is below the ideal threshold of 30%, suggesting that the market is not oversaturated with rental properties. This should typically result in higher long-term returns and reduced competition among property investors.

    Attention should also be drawn to Ouyen’s remarkable 0% units to houses ratio, which very positively signifies the absence of an oversaturated market with unit rentals. Additionally, with an affordability index of just 13 years, Ouyen presents housing market that is highly approachable for potential buyers.

    As for the supply metrics, Ouyen reveals a favourable low supply scenario with a stock on market Percentage of 0.25% and an inventory measured at around 1.09 months. These evidence the area’s efficient absorption of new listings and underscores its potential for value growth. Notably, the building approvals Ratio for houses sits at 0%, indicating no looming, sudden increase in housing stock, which might otherwise dilute the market.

    Despite the average days on market for houses being slightly above the ideal, at 43 days, the state of demand in Ouyen appears generally robust. This is further supported by a low vacancy rate (combined for houses and units) of 1.19% and a healthy buy search index for houses of 5, in line with the state or the city average.

    In conclusion, while it’s important to recognise that not all metrics perfectly fall within the favourable range, the relative strength of the majority of these indictors combined with observed trends, suggests that Ouyen’s housing market presents an enticing prospect for investors. Further, the low supply coupled with stable demand hints at potential opportunities for capital gains and positive cash flow. Keep an eye on this space for more insights backed by advanced RCS (Relative Composite Score) metric analysis by HtAG Analytics.

    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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