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Echuca, VIC 3564

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 Echuca, VIC 3564 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

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5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

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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 “Echuca, VIC 3564”

  1. The total adult population (15 years or older) of Echuca 3564 VIC is 12,521, with a median age of 45. Of those, 44.67% are married, 14.20% are divorced or separated, 33.49% are single and 7.61% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $6,880. The median monthly mortgage repayment for households in this suburb is $1,468 which is 21.34% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the state of Victoria, the suburb of ECHUCA 3564 has an approximate population of 8,591 households. As the figures stand in Q3 of 2023, the typical house prices in ECHUCA 3564 score at a promising $686,409 with an attractive median weekly rent of $949. This indicates an exceptional yield of 7.19%, a catch for cashflow-focused property investors, as it surpasses the minimum threshold of 3%.

    Delving deeper into the socio-economic aspects in ECHUCA, the suburb may be described as well-to-do with an IRSAD score of 934 out of 1217 reflecting a healthy socio-economic status. The renter-to-owner ratio comes in at an attractive level of 28%, which is ideal as it falls below the 30% benchmark pointing to a property market that is neither oversaturated with rentals, nor faces high investor competition.

    Looking at the housing supply, the suburb’s units to houses ratio sits comfortably at 8%. Lower proportions are highly preferred, and ECHUCA indeed boasts a mostly house-centric property market, which typically attracts dependable long-term tenants such as families.

    The affordability index for houses in ECHUCA presents a slightly unfavourable figure of 39 years. While exceeding the average mortgage duration of 30 years, one shouldn’t disregard the suburb as a prospective investment location as there are still many other favourable metrics in the area.

    When we cast an eye over the supply metrics, the suburb is particularly noteworthy. ECHUCA has a beneficially low stock on market percentage for houses at 0.15%, indicating a scenario of high demand and low supply. This is clearly favourable for property owners in the area. Along similar lines, the inventory level comes in at just 0.67 months – another positive sign of a hot market with low supply and high demand.

    Shifting to the demand metric for ECHUCA, the average days a house is on market is at 46 days, showing a neutral demand that leans towards a higher side. The vacancy rate for both houses and units combined is a low 0.99%, implying high demand. However, the buy search index for houses – a measure of online buyer interest – seems to be lagging somewhat at 3, indicating a limited but adequate demand.

    All in all, while ECHUCA presents a slightly unfavourable affordability index, the suburb stays attractive in many other measures, especially in terms of rental yield and supply metrics. As usual, investors should keep a close eye on these trends to spot potential opportunities for fruitful investments. For a more comprehensive glance, the Relative Composite Score (RCS) from HtAG Analytics could be consulted, which complexly analyses over 80 metrics to aid investors.

    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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