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Darley, 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 Darley, 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 “Darley, VIC 3340”

  1. The total adult population (15 years or older) of Darley 3340 VIC is 7,243, with a median age of 37. Of those, 48.41% are married, 12.16% are divorced or separated, 35.01% are single and 4.40% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $8,924. The median monthly mortgage repayment for households in this suburb is $1,733 which is 19.42% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Darley, postcode 3340, is situated in Victoria and houses an estimated count of 3906 households. As per the Q3 statistics of 2023, average house prices in Darley 3340 are marked at $769,499, while the median weekly rent amounts to $431. These figures provide an indicative yield of 2.91%, which though falling under the investor’s minimum attractive market requirement of a 3% yield, should not be discarded if majority of other metrics are favourable.

    When observing the socioeconomic status of the area, Darley displays an impressive IRSAD score of 982 out of 1217, indicating a superior socio-economic profile. In terms of rental activity, the area showcases a low renter to owner ratio at just 17%, indicating a robust owner-occupier market and reducing rental competition. Moreover, the units to houses ratio stands at a low 8%, suggesting less market saturation with rental properties and a higher potential for long term tenancy periods.

    Despite this, one potential concern could be the affordability index for houses in Darley, standing at 34 years. This indicates a decrease in affordability and may require a higher income or longer mortgage duration for full property ownership.

    On the supply side, the stock on market Percentage for houses is neutral at 0.55%, whilst the inventory level favourable at just 1.89 months. The building approvals Ratio for houses rests in the favourable range at 0.87%, hinting towards a manageable supply of new dwelling stock for the market.

    However, the average days on market count for houses is quite high at 127 days indicating a slower moving market with a relatively low demand. The Vacancy Rate, combining houses and units, is desirable at a low 1.06%, indicating high demand for rental properties in the area. Despite the longer days on market, the buy search index for houses is at a neutral point of 4, signifying a reasonable interest in property investment in the area.

    In summary, despite some metric values standing in unfavourable ranges, the suburb of Darley 3340 showcases a desirable potential for property investment given a majority of its favourable values. Keeping a keen eye on the trends via the dashboard in conjunction with the use of analytical tools such as HtAG Analytics’ Relative Composite Score, can aid in making informed investment decisions in this 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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