Fraud Blocker

Lal Lal, VIC 3352

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 Lal Lal, VIC 3352 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™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Lal Lal, VIC 3352”

  1. The total adult population (15 years or older) of Lal Lal 3352 VIC is 496, with a median age of 42. Of those, 52.82% are married, 13.91% are divorced or separated, 31.05% are single and 1.61% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $8,220. The median monthly mortgage repayment for households in this suburb is $1,681 which is 20.45% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the heart of Victoria, LAL LAL 3352 is a charming neighbourhood estimated to encompass 289 households. With one foot dipping into the historical roots of Australia and the other stepping towards a progressive community, it promises a unique blend of socio-economic facets.

    As we approach Q3 2023, the typical price point for houses in LAL LAL 3352 is subtly poised at $794,425. With homes earning a median weekly rent of $350, investors can anticipate an indicative yield of approximately 2.29%. While this yield is marginally below the 3% benchmark, it’s important to evaluate the picture in a broader context.

    The community reflects a favourable socio-economic climate with an IRSAD score of 961 out of 1217. This score intimates the residents’ fair access to economic resources and signals a generally balanced distribution of income and professional opportunities.

    The renter to owner ratio, sitting at 2%, shows a dominant prevalence of homeowners over renters in LAL LAL 3352. Combined with a 0% ratio of units to houses, this indicates a market insulated from the vagaries of high competition amongst property investors and promises more durable tenancy periods.

    Yet, the affordability index is somewhat challenging. At 38 years, this measure suggests that full ownership of a property, under the supposition of a standard 30-year mortgage, would take more than three decades.

    Examining supply metrics, the stock on market percentage for houses comfortably sits at 0.69%, placing it in the neutral range. Moreover, an inventory level of 1.85 months suggests a low supply market, which is typically favourable for investors. The BA ratio for houses rests at a fair 0.35%, further indicating low supply.

    As for demand metrics, houses spend an average of just 17 days on the market, suggesting a high demand scenario, proving advantageous for sellers. The vacancy rate, combining both houses and units, is at a decent 1.34% providing a good balance between demand and supply. However, with a buy search index of 3, there could be an interest shortfall from potential buyers.

    While certain metrics such as indicative yield and affordability index fall into less favourable brackets, a majority of other indicators project a generally favourable picture for the LAL LAL 3352 market. This points towards the importance of not only factoring in individual metrics but also viewing them collectively to grasp the overall market sentiment.

    Remember, it’s the plurality of factors, their interaction and trend over time that inform the real property market potential, not singular metrics viewed in isolation. Tools such as HtAG Analytics’ RCS (Relative Composite Score) can streamline this process by automating research across a wider collection of 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.

Leave a comment