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Delacombe, VIC 3356

Home » VIC Real Estate Data » Ballarat City, VIC » Delacombe, VIC 3356

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 Delacombe, VIC 3356 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™

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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 “Delacombe, VIC 3356”

  1. Nestled in the state of Victoria, the suburb of Delacombe, postcode 3356, hosts a sizeable number of approximately 3043 households. As we approach Q3 of 2023, a glance at the housing market reveals a typical house price of $544,162. Coupled with a median weekly rent of $402, this paints a moderate indicative yield of 3.84%. Delacombe exhibits a relatively favourable socio-economic standing, with an IRSAD score of 897 out of a possible 1217.

    Analysing the renter-owner dynamics, we find a balanced market with a renter to owner ratio of just 26%, which lowers potential risks associated with high competition among property investors. Additionally, the units to houses ratio is a meagre 2%, suggesting a predominantly house-based property market in Delacombe which further affirms its appeal to potential long-term family tenants; a favourable prospect for all landlords.

    Assessing affordability, Delacombe yields a promising index of 29 years; a rather feasible duration for prospective buyers to fully own a property. Lending further credence to an optimistic view, the stock on market percentage holds at a balanced 1.75%, hinting at a healthy number of unsold properties without an overwhelming oversupply. However, the property market exhibits an inventory level for houses of 7.8 months, indicating a slower absorption rate for new listings.

    Shaping the supply narrative, Delacombe displays an elevated building approvals ratio of 3.67% hinting at increased supply of new dwelling stock in the market. Meanwhile, the days on market for houses averages a mere 23 days, suggesting a high demand, facilitating a quicker turnover for property investors. The suburb also showcases a low vacancy rate of 0.75% indicating high demand and limited availability, which could be beneficial for property owners seeking tenants.

    Rounding off with the Buy Search Index, Delacombe exhibits a modest score of 4. While this may not imply burgeoning demand, this suburb retains a steady interest from prospective buyers. It is key to remember that although some metrics might sway in the unfavourable range, the overall property market health is determined by the collective strength of all metrics.

    To simplify the comprehensive data analysis, HtAG Analytics’ Relative Composite Score (RCS), incorporating over 80 diversified metrics, facilitates a more nuanced understanding of the property market. Thus, in Delacombe, each potential property investor can find the confidence to make prudent decisions backed by robust, dynamic data.

    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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