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Hamilton, VIC 3300

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 Hamilton, VIC 3300 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 “Hamilton, VIC 3300”

  1. The total adult population (15 years or older) of Hamilton 3300 VIC is 8,612, with a median age of 45. Of those, 46.08% are married, 11.89% are divorced or separated, 32.81% are single and 9.15% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $6,608. The median monthly mortgage repayment for households in this suburb is $1,083 which is 16.39% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Hamilton 3300, nested within the state of Victoria, is a sizable community boasting an estimated 6,079 households. As we move into the third quarter of 2023, the property market dynamic in Hamilton is showing some notable trends with implications for both investors and homebuyers.

    In the current market, the typical house in Hamilton is priced around AUD $471,146. These homes are receiving a median weekly rent of $358, which translates to an attractive indicative yield of 3.95%. This is above the minimum market requirement of 3%, making it a potentially profitable option for cash-flow-centric property investors.

    The socio-economic condition of Hamilton, as indicated by an IRSAD score of 944 out of 1217, demonstrates a fairly balanced lifestyle with a good access to economic resources. Coupled with a favourable renter to owner ratio of 23%, well below the 30% threshold, this adds to the long-term investment appeal of the area. The units to houses ratio in the neighbourhood stands at a low 4%, indicating a favourable housing market for landlords with less competition over tenants and potential for consistent rental yields.

    The affordability index in Hamilton sits at 28 years, signifying a fairly affordable market compared to areas where full ownership takes over 30 years to achieve. An investment in Hamilton could, therefore, capture the attention of families and individuals seeking affordable homeownership opportunities.

    The housing market in Hamilton also benefits from an extremely low, favourable stock on market percentage of 0.19%, hinting at a high-demand, low-supply situation which can potentially drive the prices up. This is further supported by the inventory level being a low 0.71 months. The building approvals ratio for houses also rests in the desirable range of under 0.5%.

    The average house in Hamilton currently spends about 39 days on the market before it is sold, indicating reasonably high demand. The vacancy rate hovering around 1.12% further underscores the high demand and supports potential for higher rent rates as supply is limited. A buy search index of 4, although within the middle range, further confirms the presence of active buyer interest in this market.

    While a few metrics such as the buy search index and days on market could see improvement, in summary, Hamilton is showing a favourable majority in these key metrics, suggesting it could be a promising area for those considering property investment. Keeping in mind that these market conditions are subject to change, investors are always advised to avail of the comprehensive information provided by HtAG Analytics’ RCS which assesses over 80 different metrics.

    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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