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Lockington, VIC 3563

Home » VIC Real Estate Data » Campaspe Shire, VIC » Lockington, VIC 3563

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 Lockington, VIC 3563 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 

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Buy 

1BR

2BR

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Rent 

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Yield 

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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 “Lockington, VIC 3563”

  1. The total adult population (15 years or older) of Lockington 3563 VIC is 697, with a median age of 47. Of those, 47.35% are married, 17.07% are divorced or separated, 29.41% are single and 6.89% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,092. The median monthly mortgage repayment for households in this suburb is $1,100 which is 18.06% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of VIC, the suburb of Lockington 3563 is home to an estimated 408 households. By the Q3 of 2023, the typical house prices in Lockington averaged at $362998, and the median weekly rent hovered around $253. This combination led to a fairly generous indicative yield of 3.62%, meeting the minimum market requirement attractive to cashflow-focused property investors.

    In socio-economic terms, Lockington has an IRSAD score of 897 out of a total 1217. This indicates that the residents generally have a good socio-economic standing and access to economic resources is abundant. Further adding to Lockington’s appeal is its low renter to owner ratio of 17%. Having a ratio below 30% indicates a healthy balance, suggesting less competition among property investors and a reduced risk of oversupply in the rental market.

    Lockington shows an outstanding zero units-to-houses ratio, meaning the market consists purely of house-type dwellings. This lack of units helps maintain a strong sense of community within the suburb and is attractive to families seeking longer tenancy periods.

    The affordability index for Lockington stands at 23 years, evidencing that the locals have the financial potential to fully own a property within a shorter timeframe. This indicates a high affordability market which is favorable to homebuyers.

    On the supply side, Lockington presents a stock on market Percentage of 0.25% for houses, which is well under the 0.4% threshold, indicating low supply. The inventory for houses is just 1.09 months, well below the 2 month line, thus showing a favourable low supply market. Moreover, the building approvals Ratio for houses is currently at 0%, indicating negligible new supply entering the market.

    Focusing on demand metrics, houses in LOCKINGTON 3563 stay active for an average of 60 days on the market, signifying relatively balanced demand. The vacancy rate is 2.94%, placing it within the neutral demand range. The buy search index for houses is 3, which, while not indicating high demand, still remains within the neutral range.

    This panorama of Lockington property market indicates a stable and balanced environment, making the suburb an attractive prospect for informed property investors. While some metrics are in the neutral range, the majority of Lockington’s market indicators are favourable. Remember, always consider dynamics and trends alongside static metrics. For an even more comprehensive analysis, consider using advanced metrics such as the RCS (Relative Composite Score) by HtAG Analytics, which allows you to assess the property market using over 80 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.

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