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Lancefield, VIC 3435

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 Lancefield, VIC 3435 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 “Lancefield, VIC 3435”

  1. The total adult population (15 years or older) of Lancefield 3435 VIC is 2,220, with a median age of 41. Of those, 46.08% are married, 13.42% are divorced or separated, 35.99% are single and 4.23% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,356. The median monthly mortgage repayment for households in this suburb is $1,766 which is 21.13% of their earnings.

    Source: ABS Census Data (2021)

  2. Overlooking the verdant expanses of Victoria, the serene suburb of Lancefield 3435 hosts around 1412 households. As we venture into the third quarter of 2023, the typical price for houses in this scenic suburb stands at a competitive $784,868 with the median weekly rent at $441. However, this produces an indicative yield of just 2.92%, falling short of the 3% threshold attractive to cashflow-driven property investors.

    Lancefield holds a respectable IRSAD score of 1004 out of a possible 1217. This suggests an encouraging socio-economic status for the locale to both residents and prospective investors. Also, positively influencing the market vibes, the low renter to owner ratio of 11%, coupled with a unit to houses ratio of 1%, points to a healthy, mainly home-owner market that’s ripe for investment with low competition.

    Although the essential metrics paint a satisfactory picture, it’s worth noting that the affordability index for houses does stand at 37 years, indicating a slightly lesser home ownership affordability. However, we’re seeing favourable supply metrics; with the stock on market percentage for houses at an appealing 0.66%, and inventory levels maintaining at a reasonable 2.92 months. Adding to an overall neutral-supply context, the building approvals Ratio for houses is 0.95%.

    However, the demand-side metrics present a more challenging portrait. days on market for houses stands on the higher side at 201; indicating a reduced urgency among prospective buyers. The combined houses and units vacancy rate seems a touch high at 3.9%, hinting at a lower competition for occupancy, and finally, the buy search index for houses concludes at 4, edging towards the lower end of the neutral range.

    In this overall mixed backdrop, Lancefield 3435 offers the discerning investor an opportunity that calls for cautious optimism. Recognising that while some metrics might not fall into the most favourable range, a majority of other metrics and overall trends can weigh positively in the decision-making process. In this light, let’s not overlook the importance of a tool like the RCS (Relative Composite Score) developed by HtAG Analytics to streamline your market analysis efforts using over 80 metrics. Do remember that not just the values, but their trends too, play a pivotal role in shaping your property market perspective.

    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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