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Clarinda, VIC 3169

Home » VIC Real Estate Data » Kingston City, VIC » Clarinda, VIC 3169

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 Clarinda, VIC 3169 located in Melbourne 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 “Clarinda, VIC 3169”

  1. The total adult population (15 years or older) of Clarinda 3169 VIC is 6,340, with a median age of 45. Of those, 51.21% are married, 10.66% are divorced or separated, 30.46% are single and 7.70% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $7,500. The median monthly mortgage repayment for households in this suburb is $2,000 which is 26.67% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Clarinda, postcode 3169, is situated in the state of Victoria having an estimated total of 2,918 households. As we progress into the third quarter of 2023, the conventional house prices in this suburb are catalogued at a considerable $982,954, with the median weekly rent rounding up to $518. This contributes to an indicative yield of 2.74%; which although slightly short of the 3% mark, may prove attractive for property investors focused on long-term capital growth.

    The IRSAD score, a key benchmark for socio-economic affluence, rates Clarinda at 982 out of 1217 suggesting a relatively high socio-economic status within the populace in this area. The area’s favourability for investors and buyers extends further, with a renter-to-owner ratio at a rewarding 23%. This illustrates a comfortable balance between owner-occupiers and renters, minimising competition among landlords.

    Additionally, the neighbourhood’s picture tilts more towards a family-friendly environment with houses forming a majority of property types, as evidenced by a low units-to-houses ratio of a mere 20%.

    The affordability index, which indicates the average time required to own a property, stretches out to a significant 51 years, reflecting the suburb’s desirability and higher property prices. Having said that, with greater financial planning and savvy investment strategies, this hurdle can be managed effectively.

    With a favourable supply situation, Clarinda displays a very low stock-on-market percentage of only 0.15% and similarly encouraging inventory level of 0.92 months, highlighting a strong absorption of property listings. Greenlighting new construction projects seems measured as the building approvals lean at a low 0.6% suggesting a stable rate of incoming supply.

    Despite an above average 83 days on the market, the demand side of the equation is quite buoyant with an incredibly low vacancy rate of 0.3%. This rate suggests an extremely tight rental market, which is great news for landlords considering an investment in this suburb. This is aligned with a neutral buy search index of 3 for houses, hinting at sustained buyer interest.

    As with any property investment, it’s important to look at the combination of these metrics as well as their trends over time. The Relative Composite Score (RCS) metric further simplifies this process by looking at over 80 metrics to provide a comprehensive view of the local market. As is the case with Clarinda, a few unfavourable metrics can be confidently navigated when the majority signals a potentially healthy and rewarding investment climate.

    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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