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Scarsdale, VIC 3351

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 Scarsdale, VIC 3351 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 “Scarsdale, VIC 3351”

  1. The total adult population (15 years or older) of Scarsdale 3351 VIC is 678, with a median age of 39. Of those, 43.66% are married, 12.98% are divorced or separated, 39.23% are single and 5.16% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $6,796. The median monthly mortgage repayment for households in this suburb is $1,473 which is 21.67% of their earnings.

    Source: ABS Census Data (2021)

  2. Scarsdale, a suburb in VIC and postcode 3351, is a small yet appealing residential area and currently accommodates an estimated total of 379 households. As we head into the third quarter of 2023, the typical house price in Scarsdale stands at $662,583. The median weekly rent here is approximately $346, and this equates to an indicative yield of around 2.72%, just under the minimum 3% attractive market requirement for cashflow-oriented investors.

    With a socio-economic IRSAD score of 939 out of a possible 1,217, Scarsdale presents a decent socio-economic standing, although room for improvement exists. Homeownership dominates the market with a renter to owner ratio of only 5%, way below the questionable 45% threshold, and suggesting a strong appeal for potential buyers.

    Remarkably, Scarsdale’s housing market is exclusively composed of houses with a units-to-houses ratio of 0% — a factor that may contribute to longer tenancies and higher rental yields due to less competition. Nonetheless, the suburb’s housing affordability is somewhat challenging, with the affordability index showing it would require 38 years to fully own a house.

    The stock on market Percentage for houses is observed to be 0.53%, indicating a moderate supply. With an average inventory level of just 1.85 months, the market shows signs of swift absorption of new listings, reflecting a potentially favourable market condition for sellers.

    There has been no surge in new residential buildings evident in the Building Approval Ratio, which currently sits at 0%, suggesting minimal disruptions to the housing supply ratios.

    The average home in Scarsdale typically stays on the market for only 31 days – a favourable sign of a reasonably high demand. Contrarily, the rather high vacancy rate of 5.26% indicates a bit of softening in demand. In essence, potential investors or buyers should heed this subtle competitive advantage.

    Lastly, the buy search index records an impressive score of 7 — considerably above the average. This positions Scarsdale as a high-demand hotspot, acknowledging its growing appeal among potential house buyers.

    While Scarsdale shows a mix of favourable and challenging metrics, a holistic view through the lens of the Relative Composite Score (RCS) could provide a balanced overview and assist with better investment decisions. Remember, understanding the trend of these metrics alongside their standalone values is crucial in successfully navigating the property market.

    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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