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Mount Duneed, VIC 3217

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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 Mount Duneed, VIC 3217 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 

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Rent 

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Yield 

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Buy 

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Rent 

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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 “Mount Duneed, VIC 3217”

  1. The total adult population (15 years or older) of Mount Duneed 3217 VIC is 4,683, with a median age of 32. Of those, 51.25% are married, 10.46% are divorced or separated, 35.92% are single and 2.33% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $9,760. The median monthly mortgage repayment for households in this suburb is $1,983 which is 20.32% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Mount Duneed, postcode 3217, resides in Victoria and is home to approximately 5208 households. As we glance over the property market statistics for the third quarter of 2023, we observe that the typical house price in Mount Duneed registers at $741,273. With a median weekly rent of $507, these dwellings yield an attractive return of 3.56%, which is indeed favourable for cashflow-focused investors.

    Another essential metric, the IRSAD score, proudly stands at 1057 out of 1217 for Mount Duneed. This score suggests a favourable socio-economic standing for the population residing therein.

    In terms of the property market composition, the renter to owner ratio is calculated at 23%, which is an encouraging figure as it indicates a balanced market not overloaded with rental properties. Furthermore, the units to houses ratio in Mount Duneed hits 0% which is exceptionally favourable, suggesting a delightful ambience typically brought about by a dominantly owner-occupied, family friendly area with potential for robust tenancy periods.

    When we consider property ownership, the affordability index for houses lands at 30 years. This figure is within the favourable threshold, suggesting relative affordability based on the typical property price, median family income, and the current interest rates.

    Examining the property supply metrics, we note that the stock on market percentage sits at 0.76%, presenting a neutral market range. Similarly, the inventory level for houses, at 3.69 months, reflects a neutral level of property supply. Meanwhile, the building approval ratio clocks in at a higher level of 11.23%, potentially hinting towards a future increase in property supply.

    In terms of property demand metrics, the suburb of Mount Duneed exhibits some encouraging figures. The average days on market (DoM) is 29 days, indicative of higher demand. The vacancy rate, including both houses and units, is calculated at a neutral 2.26%. Reflecting on internet activity, the buy search index for houses records a figure of 5 indicating demand to be on par with the state/city average.

    Taking into account the favourable IRSAD score, renter to owner ratio, and a favourable yield rate, alongside neutral values for some metrics, one can conclude Mount Duneed’s property market performance reasonably well in Q3 2023. Exciting prospects may beckon property investors and buyers’ agents who keep a keen eye on the market’s progress and utilise tools like the RCS metric from HtAG analytics to further streamline their research.

    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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