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Invermay Park, VIC 3350

Home » VIC Real Estate Data » Ballarat City, VIC » Invermay Park, VIC 3350

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 Invermay Park, VIC 3350 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 

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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 “Invermay Park, VIC 3350”

  1. The total adult population (15 years or older) of Invermay Park 3350 VIC is 1,454, with a median age of 50. Of those, 57.36% are married, 9.63% are divorced or separated, 27.30% are single and 6.40% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $8,508. The median monthly mortgage repayment for households in this suburb is $1,517 which is 17.83% of their earnings.

    Source: ABS Census Data (2021)

  2. In the suburb of Invermay Park, located in the heart of Victoria and home to approximately 772 households, property trends during the Q3 of 2023 are proving interesting for property investors and buyers agents alike. Let’s deep dive into the recent statistical data.

    The typical price for houses in Invermay Park stands at an attractive $662,081 with a median weekly rent bringing in around $483. Such figures compute to an indicative yield of 3.79%, a figure that is comfortably above the 3% yield sought by cashflow-centric property investors, thus making it an attractive market segment.

    In terms of socio-economic fundamentals, Invermay Park boasts an IRSAD score of 1000 out of a possible 1217, suggesting this suburb enjoys a vibrant community with good socio-economic standing. Furthermore, the renter to owner ratio is quite low at approximately 10%, which is advantageous as it reduces the risk of an oversaturated rental market. In addition to this, the unit to houses ratio is likewise low at 1%, indicating a property market that enjoys less competition among landlords for tenants, making the investment prospect even more appealing.

    Our affordability index shows that it would take an estimated 30 years to own a property, located just on the border of what we would term high affordability, but still in comfortable and appealing territory for home buyers or property investors.

    Now, shifting our view to supply metrics, Invermay Park keeps itself attractive with a stock on market Percentage for houses at a low 0.14%, indicating low supply and therefore, higher demand. Additionally, inventory level rests at a rather low 0.6 months, which supports the previous data of a competitive market with limited supply. building approvals Ratio for houses is also favourable, sitting at just 0.14%.

    As for demand metrics, days on market for houses does run high at 100 days, indicating a slightly slowed rate of property turnover. However, this is mitigated by a decent buy search index for houses at 4. On a less favourable note, we do need to consider a notably high vacancy rate of 6.76% which could hint at a gap in the rental market.

    Wrapping up, while there are mixed investment signs, it’s necessary to take into account the overall market climate and underlying trends. Key positive signs are the favourable yield, low supply metrics and strong socio-economic profile of Invermay Park, while being aware of challenges such as the high vacancy rate and longer Days on Market. As with any property investment, careful and comprehensive research is key, including keeping a watchful eye on market developments using analytical tools like RCS (Relative Composite Score), to map out your prospective investments.

    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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