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Skenes Creek, VIC 3233

Home » VIC Real Estate Data » Colac Otway Shire, VIC » Skenes Creek, VIC 3233

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 Skenes Creek, VIC 3233 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

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5BR

Rent 

2BR

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4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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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 “Skenes Creek, VIC 3233”

  1. The total adult population (15 years or older) of Skenes Creek 3233 VIC is 223, with a median age of 55. Of those, 46.19% are married, 19.73% are divorced or separated, 30.94% are single and 5.38% are widowed.

    The average household size is 2.0 people per dwelling, and the median household monthly income is estimated to be $5,940. The median monthly mortgage repayment for households in this suburb is $1,450 which is 24.41% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburban landscape of Skenes Creek, VIC, post code 3233, is a charming enclave accommodating an estimated population in 489 households. Internal data suggests that as we entered Q3 of 2023, the typical house price in Skenes Creek stood at a substantial $1,053,420, and the median weekly rent was valued at approximately $400. The numbers are indicative of a yield of 1.97%, falling a touch shy of the attractive 3% benchmark for investors with cash flow-centric property interests.

    A deeper peek into the fundamental metrics provides an understanding of why Skenes Creek could still prove to be an authentic diamond in the rough despite the yield numbers. Its IRSAD score, indicating the socio-economic status of the neighbourhood populace, rests at an impressive 1019 out of a possible 1217. Importantly, the area holds a renter-to-owner ratio at 17%, outlined solidly within the range that points to potentially reliable long-term returns and nominal risk for investors.

    Furthermore, the area prides itself on a low units-to-houses ratio of 2%, a promising sign revealing minimum competition among property owners for tenants. In the grand scheme of things, this is a characteristic that tends to support higher rental yields. Strong family attraction due to the dominance of houses dovetails with this, fostering longer tenancy periods too.

    However, an affordability index of 69 years does raise some eyebrows regarding affordability in the area. This value indicates the estimated duration for a typical family to fully own a property and is based on a standard 30-year mortgage. Despite offering signs of stability in the rental market, the underlying price tag can be quite significant, marking a point of caution.

    In terms of supply metrics, the stock on the market percentage for houses snugly sits at 0.2%, a favourable value suggesting limited supply. The available inventory of houses, measuring 1.71 months, indicates a resilient market that easily absorbs new listings. The building approvals ratio for houses is 0.0%, indicating a low influx of new dwelling supply. However, the average days on the market value is a touch high at 88 days, hinting a slight decrease in demand relative to supply.

    However, the figures also paint an encouraging picture when it comes to demand metrics. The combined houses and units vacancy rate is just 1.18% – low enough to suggest stiff competition among renters. That said, the buy search index value hits average at 5, meaning search activity aligns neatly with the state/city norms.

    Knowing that the entire property profile and not just individual metrics alone are essential, it goes without saying that Skenes Creek appears to offer a fairly promising landscape for property investment – especially for those aiming at the long-term return with lesser risks. Worth noting, of course, is the importance of keeping track of the developing trends in the market and the RCS metric developed by HtAG Analytics could prove vital in this regard. The tool leverages a robust suite of over 80 metrics to optimise the research and assessments for investors.

    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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