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Bacchus Marsh, VIC 3340

Home » VIC Real Estate Data » Moorabool Shire, VIC » Bacchus Marsh, VIC 3340

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 Bacchus Marsh, VIC 3340 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 “Bacchus Marsh, VIC 3340”

  1. The total adult population (15 years or older) of Bacchus Marsh 3340 VIC is 6,348, with a median age of 39. Of those, 43.73% are married, 14.41% are divorced or separated, 35.03% are single and 6.85% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $8,028. The median monthly mortgage repayment for households in this suburb is $1,700 which is 21.18% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Victoria, the suburb of Bacchus Marsh 3340 is a thriving residential area, home to an estimated 4,336 households. By Q3 2023, property market trends show that the typical house price in this area stands at $677,784. Bolstered by a median weekly rental rate of $425, Bacchus Marsh promises a reasonable indicative yield of 3.26%. This yield nudges over the attractive market requirement of 3%.

    Investors, buyers, and agents alike will be happy to note that the suburb’s socio-economic living conditions are above average, with an IRSAD score of 967 of the possible 1217. This indicates a moderately affluent locale with potential for stable rental income. Additionally, the renter to owner ratio is 26%, falling well within the favourable range of 30% and under, suggesting less competition between landlords for tenants. Equally promising is the units to houses ratio which stands at a mere 11%, signalling fewer units in the rental market thereby minimising landlords’ competition for tenants.

    However, Bacchus Marsh does indeed face challenges in terms of affordability. With its years to own index tipping at 33 years, this is a clear indicator that it might take a tad longer than the standard 30 years for a local average family to fully own a property here, in essence signifying decreased affordability.

    The inventory level for houses in Bacchus Marsh is presenting favourable conditions at 1.38 months and along with a conservative stock on market percentage at 0.42%, it signifies that lower supply is currently tipping the scales. This paired with the building approvals ratio at a mere 0.34% – well within the favourable benchmark of 0.3%, indicates little new inventory is expected to flood the market.

    Bacchus Marsh averages 37 days on market for properties which suggests a healthy demand. The vacancy-rate for houses and units amalgamated is estimated at 2.41% which represents a neutral level of demand – neither too high nor too low. Its buy search index for houses sits at 4, reflecting a neutral interest level from potential buyers.

    To summarise, while Bacchus Marsh’s affordability may seem stretched, it predominantly presents a stable and above-average socio-economic profile, favourable supply metrics, and robust rental demand. However, keeping an eye on its evolving market trends and RCS (Relative Composite Score) would be prudent for potential investors and property buyers.

    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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