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Buninyong, VIC 3357

Home » VIC Real Estate Data » Moorabool Shire, VIC » Buninyong, VIC 3357

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 Buninyong, VIC 3357 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 

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Rent 

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Yield 

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Buy 

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Rent 

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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 “Buninyong, VIC 3357”

  1. The total adult population (15 years or older) of Buninyong 3357 VIC is 2,970, with a median age of 45. Of those, 59.46% are married, 10.00% are divorced or separated, 25.56% are single and 4.95% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,864. The median monthly mortgage repayment for households in this suburb is $1,733 which is 19.55% of their earnings.

    Source: ABS Census Data (2021)

  2. Buninyong, situated in the state of Victoria, houses approximately 1,737 households with its traditional community vibe and stunning regional beauty. Entering the third quarter of 2023, Buninyong presents a property market with homes typically priced at 820,351 AUD. In terms of rental yield, the weekly median rent of $398 offers an indicative yield of 2.52%. Although this yield falls slightly short of the 3% attraction point for cashflow-focused investors, it still commands attention in the promising arena of real estate.

    The suburb’s socio-economic score, or IRSAD, is 1,045 out of 1,217, indicating a superior socio-economic status and suggesting a promising environment for property investment. Contributing positively to this promising investment landscape is a low renter-to-owner ratio of 13%, exhibiting high ownership rates and a lack of over-saturation from rentals. Further backing this appealing investment climate is the impressively low ratio of units to houses, a mere 3%, suggesting far less competition among landlords seeking tenants and an appealing property mix attracting families.

    When it comes to the affordability index, Buninyong homes stand at a rather unaffordable 36 years. This score indicates a slightly extended duration for full property ownership, implying potential challenges for prospective home buyers.

    Turning to supply metrics, Buninyong’s stock on market percentage settles at a favourably low 0.24%, demonstrating a limited availability of properties on the market. Correspondingly, the average months of inventory sits at just 0.98, also indicating a shortage in supply. A low building approval ratio of 1.03% further reinforces the limited supply conditions.

    Houses in Buninyong tend to reside on the market for 80 days, suggesting the presence of reasonably spirited demand despite not hitting the ‘high demand’ threshold of 35 days or less. Neutrality reigns in the vacancy rate as well, with a combined rate of 3.49% for houses and units, indicating a moderate demand. In terms of demand interest, the buy search index sits right at average with value 5—an indication of regular patrol from potential investors.

    While Buninyong’s property market metrics might not all range in the most favourable zones, the majority conclusively point towards a favourable investment environment marked by higher socio-economic status, desirable property mix, low supply, and a decent level of demand. It is crucial to remember that the RCS (Relative Composite Score) developed by HtAG Analytics can simplify the task of evaluating the investment potential of a market by considering over 80 additional local 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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