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Taylors Hill, VIC 3037

Home » VIC Real Estate Data » Melton City, VIC » Taylors Hill, VIC 3037

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 Taylors Hill, VIC 3037 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.

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Rent 

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Yield 

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Buy 

1BR

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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 “Taylors Hill, VIC 3037”

  1. The total adult population (15 years or older) of Taylors Hill 3037 VIC is 11,554, with a median age of 35. Of those, 58.87% are married, 7.28% are divorced or separated, 31.16% are single and 2.69% are widowed.

    The average household size is 3.5 people per dwelling, and the median household monthly income is estimated to be $9,532. The median monthly mortgage repayment for households in this suburb is $2,000 which is 20.98% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the heart of Victoria, Taylors Hill 3037 is home to an estimated 4,807 households and boasts a distinct charm. As we moved into Q3 of 2023, the typical house prices here stand at a substantial $830,451. The median weekly rent at this location falls at $463, although the indicative yield remains slightly under the threshold for cash flow focused investors at 2.9%.

    Socio-economically, Taylors Hill shows promise with an IRSAD score of 1025 out of 1217, portraying a population with relatively good access to resources, higher income brackets, and a predominance of skilled professions. The suburb stands out with its renter to owner ratio at a mere 9%, which is quite below the threshold of 30%, hinting at fewer rental market competition and better long-term returns.

    Moreover, a striking characteristic of Taylors Hill is its low unit to house ratio which sits at zero. This indicates that the suburb consists mainly of houses rather than units, indicating less competition among landlords for tenants, and hence, potentially better rental yields and longer tenancies.

    However, the affordability index of 34 years signals that homeownership is slightly less achievable here. This exceeds the comfort range of up to 30 years, indicating the high property prices in relation to the median household income.

    On the supply side, the suburb is favourable with a low ‘Stock on Market Percentage’ of 0.13% and an advantageous ‘Building Approvals Ratio’ of 0.31%. Taylors Hill also has a low inventory level for houses at just 0.65 months, indicating a quick turnover of property, which can be a positive signal for sellers.

    In terms of demand, houses average 40 ‘Days on Market’ which falls in the midway of the 35-90 range. The vacancy rate remains favourable at 1.76%, indicating there’s less supply in terms of housing when compared to demand.

    However, the ‘Buy Search Index’ for houses falls at 3, indicating relatively limited demand for houses in the area, which could point to a slower sales environment for investors.

    While Taylors Hill shows favourable metrics in many aspects, it’s crucial for potential investors to consider that these results don’t stand in isolation. Trends, along with suburb scores such as the RCS (Relative Composite Score), should be considered to make a well-informed investment decision. Remember, a well-rounded, vigilant approach can unlock the potential for substantial returns in the long term.

    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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