Southern Grampians Shire, VIC

The Shire of Southern Grampians is a local government area in Victoria’s Barwon South West region. The local property market in is relatively stable, with prices for both residential and commercial properties growing consistently over the years.

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The predominant industry in the Shire is agriculture, with the primary crops being wheat, barley, and canola. The Shire also has a significant tourism industry, with popular tourist destinations including the Grampians National Park and the Pyrenees wine region.

Managers account for 22.2 % of employment in Southern Grampians, followed by professionals at 15.6 %, technicians and trades workers at 13.9 %, laborers at 11.5 %, and clerical and administrative workers at 10.5 %. In Southern Grampians, the typical weekly personal income for persons aged 15 years and older is $576.

The typical real estate in this area includes farms, acreages, and rural homes. In the Southern Grampians, 93.8 % of inhabited private residences are detached houses, 2.8 % are semi-detached, row or terrace houses, townhouses, or other buildings, 1.7 % are flats or apartments, and 0.6 % are other dwellings.

If you’re looking to invest in property in the Southern Grampians Shire, Victoria, there are a few things you should keep in mind.

First and foremost, it’s important to do your research and understand the market conditions in the area. It’s also a good idea to think about your budget and what you’re looking for in a property.

Once you’ve narrowed down your search, it’s important to take the time to assess the local market and ask the right questions. Are the schools in the suburb good? What’s the socio-economic status like? What are the advanced real estate metrics indicating.

Use the interactive dashboard below to compare Southern Grampians suburbs in terms of property investment potential.

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Capital Growth Heatmap

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy 

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent 

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield 

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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This chart illustrates historical and projected quarterly typical price and number of sales, which are depicted as blue lines and green bars respectively. Council areas with average sales above 30/quarter and suburbs with sales above 7/quarter commonly produce high confidence forecasts.
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This chart shows historical and projected median rent and number of rentals, depicted as red lines and grey bars respectively. In many markets Rent prices lag the Typical Price by 1-2 years.
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This chart presents the gross rental yield, which is the value you generate from an investment property, represented as a percentage. The higher the percentage the better. Yield that is trending down frequently highlights a high demand market.
Upgrade to Personal Plan to see Yield data.
Yield chart
This graph represents the dwelling demand profile for the LGA/suburb, which tends to correlate with the tenant preference for property type and number of bedrooms. Target dwelling type and number of bedrooms with the highest number of sales.
Upgrade to Starter Plan to see Demand Profile data.
Demand chart
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The chart below shows the proportion of units to houses in this area. Generally speaking the fewer units there are, the better.
unit to houses pie charts
The pie chart below shows the percentage of renters to owners in an area. Generally speaking the more owners the better.
Renters to owners pie chart
The chart below shows the IRSAD score for the area. IRSAD stands for the Index of Relative Advantage and Disadvantage. The higher the index, the more well off the population is in the area.
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IRSAD chart
This graph shows online search interest for sale and rent listings. The black line(s) represents the search index, which is the ratio of LGA/suburb searches to the state average. Value of 5 signifies that Buy/Rent searches are at state average. Be wary of areas with SI below 3.
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Index chart
This chart plots the annual percent change in typical prices for all suburbs in this LGA. Suburbs that cross the red (zero) line more than 3 times present poor capital growth opportunities.
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart

Confidence: High, Medium, Low

Supply

Stock on Market

Inventory

Hold Period

The most important metric for understanding the supply of homes in a given market. Stock on Market (SoM) is represented by bars which show the number of listings per month, and by a line which indicates the percentage of listed homes compared to the total number of dwellings in the area (SoM Percentage). A higher stock on market indicates a greater supply of properties.
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SOM chart
Inventory levels indicate the amount of stock available in relation to average monthly sales. Inventory levels above 3 months indicate a sizeable amount of stock available, while lower levels indicate diminishing supply. Decreasing inventory level trend can signal that prices may increase in the future.
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Inventory chart
Average number of years properties are re-sold in the area. The higher the value, the lower is the supply in the property market. Changing trend can act as a lead indicator to price increases / decreases.
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

The Days on Market metric shows how long, on average, it takes for listed properties to be sold. A higher number of days means that there is less demand for properties. Measured in days.
Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Monthly vacancies (bar) and Vacancy Rates (line) in the area. Vacancy rates serve as a rental market demand indicator. Lower vacancy rates point to greater demand in the rental market. Decreasing vacancy rates can act as a lead indicator to both rental and sale price increases.
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Auction clearance rates in the area. The higher the clearance rate, the greater is the demand in the market. This metric is most useful at LGA level. Some high density suburbs with active markets can also have good quality clearance rate data. However, this metric is somewhat sparse for 80% of suburbs.
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

All Supply / Demand cards and graphs on this page are published under a preliminary Beta release.
You’re welcome to leave your feedback on our forum.

Property Market in Southern Grampians Shire, VIC

What other property markets are there near Southern Grampians Shire, VIC?

Southern Grampians Shire is surrounded by 6 other council areas – Moyne, Horsham, Northern Grampians, Glenelg, West Wimmera, Ararat.

Suburbs/localities in this Local Government Area: Glenisla 3314, Glenthompson 3293, Grampians 3314, Gringegalgona 3315, Gritjurk 3315, Hamilton 3300, Harrow 3317, Hensley Park 3301, Balmoral 3407, Hilgay 3315, Karabeal 3294, Konongwootong 3315, Melville Forest 3315, Mirranatwa 3294, Mooralla 3314, Morgiana 3301, Mount Napier 3301, Moutajup 3294, Pigeon Ponds 3407, Rocklands 3401, Strathkellar 3301, Tabor 3289, Tarrayoukyan 3315, Tarrenlea 3315, Tarrington 3301, Vasey 3407, Victoria Point 3294, Victoria Valley 3294, Bochara 3301, Wannon 3301, Warrayure 3301, Woodhouse 3294, Wootong Vale 3315, Yatchaw 3301, Yulecart 3301, Bellfield 3381, Brit Brit 3315, Buckley Swamp 3301, Bulart 3314, Byaduk North 3300, Cavendish 3314, Cherrypool 3401, Coleraine 3315, Coojar 3315, Croxton East 3301, Culla 3315, Dunkeld 3294, Englefield 3407, Gatum 3407

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