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Lucknow, VIC 3875

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 Lucknow, VIC 3875 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 “Lucknow, VIC 3875”

  1. The total adult population (15 years or older) of Lucknow 3875 VIC is 1,186, with a median age of 43. Of those, 45.19% are married, 13.24% are divorced or separated, 36.68% are single and 4.97% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,760. The median monthly mortgage repayment for households in this suburb is $1,300 which is 19.23% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in Victoria’s mesmerising region, the suburb of Lucknow 3875 is a harmoniously balanced residential area estimated to house 1205 households. According to statistics for the third quarter of 2023, Lucknow displays a promising property market trend with typical house prices sitting at $496,704. Concurrently, the median weekly rent for houses stands at $380, which results in an attractive indicative yield of approximately 3.98%.

    In terms of the socio-economic score, Lucknow garners a respectable 940 out of 1217, denoting a community with average access to economic resources and a balanced blend of income levels and professionals. The dynamics of this market makes it both an ideal location for homeowners and investors. The renter to owner ratio is a favourable 17%, suggesting a lower saturation of rental properties, thereby presenting fewer risks and lower competition for potential investors.

    Notably, the suburb boasts a low ratio of units to houses (5%), ensuring less competition among landlords for prospective tenants and maintaining the area’s appeal to families, who typically form long-term tenancy agreements. This low proportion of units versus houses helps to safeguard against oversaturation and potential price drops.

    As a demonstration of its relative affordability, the suburb reports an ‘Affordability Index’ of 29 years. This indicates that on average, it would take a homeowner approximately 29 years to fully acquire a property assuming a standard 30-year mortgage, indicating a housing market that is more attainable compared to those with higher index values.

    Analyzing Lucknow’s supply metrics, we note a stock on market Percentage of 0.5% – a relatively neutral level coupled with an inventory level for houses that runs at 5.54 months. This reveal an average market absorption rate for new listings. building approvals Ratio is quite controlled at 0.91%, indicating a measured supply of new housing additions to the market.

    However, the average number of days on market for houses stands at 114; a higher figure that suggests a slower moving market with lesser demand. Nevertheless, this is counterbalanced by a vacancy rate of 1.95 %, which portrays an ideal middle ground between high and low demand.

    Lastly, the buy search index for houses lingers at 4, pointing to a neutral level of demand in the area. This emphasizes the importance of keeping abreast with local market conditions and potential opportunities for profits. It’s also crucial to remember that certain metrics can fall within the unfavourable range population while other factors remain favourable.

    To simplify this, the HtAG Analytics Relative Composite Score (RCS) metric can help automate this research using over 80 different metrics, paving the way for well-informed property investment decisions in Lucknow.

    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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