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Romsey, VIC 3434

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 Romsey, VIC 3434 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 “Romsey, VIC 3434”

  1. The total adult population (15 years or older) of Romsey 3434 VIC is 4,604, with a median age of 38. Of those, 51.28% are married, 10.36% are divorced or separated, 34.51% are single and 3.67% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $9,192. The median monthly mortgage repayment for households in this suburb is $1,928 which is 20.97% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Romsey 3434, situated in Victoria, is home to approximately 2,626 households. As we venture into the third quarter of 2023, the property market dynamics here present a fascinating blend of figures and trends.

    The current typical price for houses in Romsey 3434 stands at $783,499, with the median weekly rent sitting at $461. This rent-price configuration produces an indicative yield of 3.06%, slightly above the acceptable market minimum for cash flow centred investors. Such yield percentage signals a potential for attractive income returns for investors with a keen eye for cash flow optimisation.

    Romsey 3434 scores an encouraging 1012 out of 1217 on the IRSAD, suggesting a strong socio-economic status of the suburb. Lower renter to owner ratio at 10% and lower unit to houses ratio at 8% further accentuate the desirable investment vibe of the area. These underlines that the area is not saturated with rental properties, offering less competition among landlords, and a more family-friendly appeal due to a smaller proportion of units.

    When we gauge the affordability index, a metric highlighting the estimate of years required to own a property outright, Romsey 3434 tips slightly towards the unfavourable end at 33 years, indicating a somewhat pricier housing market compared to the median household’s earning power.

    Examining the supply metrics, Romsey records a mere 0.17% stock on market percentage for houses – a promising sign for potential price growth due to limited supply. This is supported by the low inventory level of just 0.62 months, indicating a nimble absorption of new listings. building approvals ratio is nestled comfortably in the favourable range at 0.33%, depicting low supply of new dwellings.

    Days on Market for houses averages at 42 – a figure slightly above the favourable range, yet not alarmingly high, suggesting a balanced demand. Suburb’s combined vacancy rate at 3.27%, sits just under the neutral threshold, nudging the demand towards a neutrally favourable side.

    Buy Search Index also sits at state average of 5, suggesting a moderate interest from potential buyers.

    In summary, houses in Romsey 3434 appear to offer a favourable blend of metrics attracting both cash flow conscious and capital growth investors, despite a slightly cooled demand and affordability. However, consistently monitoring market developments remains crucial to capitalise on any potential growth opportunities.

    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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