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Strathtulloh, VIC 3338

Home » VIC Real Estate Data » Melton City, VIC » Strathtulloh, VIC 3338

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 Strathtulloh, VIC 3338 located in Melbourne 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 

2BR

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Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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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 “Strathtulloh, VIC 3338”

  1. The total adult population (15 years or older) of Strathtulloh 3338 VIC is 8,702, with a median age of 35. Of those, 40.38% are married, 15.59% are divorced or separated, 38.66% are single and 5.38% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $5,608. The median monthly mortgage repayment for households in this suburb is $1,300 which is 23.18% of their earnings.

    Source: ABS Census Data (2021)

  2. Housing options within the suburb of Strathtulloh 3338, located in Victoria, are home to approximately 3518 households, forming a vibrant, community-centric locale. As we approach the final quarter of 2023, houses in Strathtulloh are typically priced at $692,333. A median weekly rent of $388 is observed leading to an indicative yield of 2.91% – a figure slightly below the desired minimum yield for cashflow-focused property investors.

    Equipped with an IRSAD score of 1024 out of 1217, Strathtulloh exhibits a fair socio-economic status, expressing satisfactory access to economic resources and a relatively progressive income level. However, the renter to owner ratio of 35% is slightly above the ideal threshold, denoting a middling appeal for long-term returns due to distinctive renter saturation in the area.

    The units to houses ratio of a minimal 3% showcases an attractive investment scenario – less competition among landlords for tenants, a higher likelihood of maintaining elevated rental yields, and a reduced risk of price drops due to potential market fluctuations or regulatory shifts.

    However, Strathtulloh’s affordability index stands at 48 years, a figure well above the standard 30-year mortgage term. Thus, this indicates decreased affordability in the area, potentially pushing away potential investment.

    The stock on the market percentage for houses rests at 0.9%, a neutral figure in line with the average. Nevertheless, the housing inventory level of 5.22 months suggests the market is tending towards an oversupply, which may be viewed as an unfavourable investment scenario.

    With a building approvals ratio of 8.93%, the area appears to be experiencing an increased supply of new dwelling stock, translating into potential infringing market conditions. Meanwhile, houses typically spend an average of 43 days on the market, a value slightly above high demand but neither in the low demand span.

    The vacancy rate, considering both houses and units, is 3.3%, sitting in the neutral demand band but leaning closer to a lower demand scenario. The buy search index for houses is 4, falling within the neutral range.

    In conclusion, Strathtulloh exhibits a mixed bag of property market conditions. While some metrics show promise as an investment locale, others might cause potential investors to pause. However, with vigilance and strategic action, prospects for positive capital gains and cash flow persist. It is imperative to closely follow property market developments and trends, utilising comprehensive metrics like the Relative Composite Score (RCS) by HtAG Analytics to automate and optimise decision-making.

    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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