Fraud Blocker

Invermay, VIC 3352

Home » VIC Real Estate Data » Ballarat City, VIC » Invermay, VIC 3352

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, VIC 3352 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™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Invermay, VIC 3352”

  1. The total adult population (15 years or older) of Invermay 3352 VIC is 708, with a median age of 45. Of those, 65.54% are married, 7.20% are divorced or separated, 25.28% are single and 3.25% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $9,828. The median monthly mortgage repayment for households in this suburb is $2,167 which is 22.05% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Invermay, Postcode 3352, is located in the state of Victoria and is home to an estimated 324 households. With its idyllic location and appealing features, this close-knit community offers a lifestyle that’s detached from the hustle and bustle of the city.

    As of the third quarter of 2023, the typical house price in Invermay stands at $1,296,839. Each week, the median rent is about $463. This combination of price and rent calculates to an indicative yield of approximately 1.86%. It’s important to highlight that although this yield is shy of the 3% threshold usually attractive to cash flow-centric property investors, other variables within the market metrics could still denote Invermay as an interesting prospect.

    The IRSAD score for Invermay, measuring the socio-economic status, is fairly healthy at 1078 out of 1217. This indicates a populous with solid access to economic resources and opportunities.

    With a renter to owner ratio at a low 6%, Invermay presents an environment dominated by homeowners, shifting away from a rental-focused market. This could be of appeal to buyers seeking a sturdy community atmosphere. The units to houses ratio stands at 0% which further instalments this appeal, indicating an absence of apartment-living saturation, making Invermay an attractive space for families.

    However, potential buyers should be mindful of the Affordability Index, which is significantly high at 52 years for houses. This represents the time it would take to fully own a property, implying a less affordable market.

    The supply metrics for houses present a fluctuating image. stock on market Percentage is 0.62%, a number that falls within the neutral range whereas the inventory sits at six months indicative of a higher supply. Furthermore, a considerable number of new residential building approvals (5.86%) suggests forthcoming growth in house supply.

    On the demand side, houses spend an average of 91 days on the market – a figure that suggests low demand. The vacancy rate, including both houses and units, is tracked at 5.26%, further pointing to lower demand.

    Interest in the area, as demonstrated by the buy search index for houses, is on par with the state/city average at a value of 5.

    In conclusion, while there are some high metrics that could lead to unfavourable returns, the IRSAD score, renter to owner ratio, and the units to houses ratio positive score could offset these. As always, potential investors are encouraged to thoroughly analyse a place like Invermay with access to more comprehensive data and following the trends closely to make informed decisions. Solutions like HtAG Analytics RCS could be instrumental in facilitating this research through their application of comprehensive data 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.

Leave a comment