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Fairhaven, VIC 3231

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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 Fairhaven, VIC 3231 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 “Fairhaven, VIC 3231”

  1. The total adult population (15 years or older) of Fairhaven 3231 VIC is 341, with a median age of 56. Of those, 61.88% are married, 7.04% are divorced or separated, 27.57% are single and 2.64% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $10,916. The median monthly mortgage repayment for households in this suburb is $1,993 which is 18.26% of their earnings.

    Source: ABS Census Data (2021)

  2. Home to around 603 households, the charming suburb of Fairhaven, 3231, is beautifully nestled within the state of Victoria. As the third quarter of 2023 unfolds, the typical price for houses in this appealing location has been noted at an impressive $2,009,927. The median weekly rent this period stands at $501, a figure that presents an indicative yield of 1.3% for investors.

    Fairhaven is an affluent area as mirrored in its high IRSAD score of 1106 out of 1217, an indicator of an elevated socio-economic status and potential for a higher rental income. The homeowner’s mindset prevails with a low renter to owner ratio of 5%, creating a strong sense of community and stability within the region. Supplying tremendous investment potential for buyers who favor detached houses, the suburb shows a units to houses ratio of 0%.

    However, the considerable affordability index of 72 years suggests that becoming a homeowner in this suburb is a long-term commitment, often outstretching the standard 30-year mortgage period. Still, from an investment perspective, the suburb boasts a low stock on market Percentage for houses at 0.17%, and short inventory periods averaging 1.71 months, reflecting a fast-moving and robust property market.

    Despite no new housing development approvals noted (Building Approvals Ratio 0.0%), the market demand holds steady. This demand is reinforced by an average listing period of 136 days (Days on Market) and a healthy vacancy rate of 3.0%, indicating a balanced property rental market between tenant supply and rental demand.

    Ultimately, underpinning the property attractiveness in Fairhaven is its robust buy search index of 6, testifying to high demand among potential buyers. Therefore, despite some metrics sitting in less favourable ranges, the majority of Fairhaven’s key indicators suggest it as an appealing prospect for property investors and buyers alike, backed by a prosperous socio-economic status, the area’s high desirability, and positive trends in supply and demand.

    Remember, it’s not only the current metrics values but their trends that hold importance. Refer to the dashboard alongside this commentary to visualise the trends in this suburb. Also note, the innovative Relative Composite Score (RCS) developed by HtAG Analytics simplifies your research by consolidating these insights using over 80 different metrics.

    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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