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Orbost, VIC 3888

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 Orbost, VIC 3888 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 “Orbost, VIC 3888”

  1. The total adult population (15 years or older) of Orbost 3888 VIC is 1,906, with a median age of 53. Of those, 41.61% are married, 16.79% are divorced or separated, 31.16% are single and 10.23% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $4,516. The median monthly mortgage repayment for households in this suburb is $867 which is 19.20% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the state of Victoria, the suburb of ORBOST 3888 houses approximately 1615 households. By the third quarter of 2023, houses in ORBOST 3888 are selling at an average price of $361,052, with median rent at $347 per week. This generates an indicative yield of a favourable 5.0%.

    The socio-economic condition of the suburb as dictated by the IRSAD score stands at a respectable 861 out of 1217. The renter to owner ratio, a significant determinant in choosing investment locations, stands at a favourable 21%, implying the market is not overwhelmed with rental properties, keeps competition in check and suggests a viable investment opportunity. Also, the units to houses ratio of 2% reinforces this opportunity, as this low proportion of units typically leads to less competition among landlords and helps maintain rental yields.

    On the downside, the affordability index shows a slightly discouraged 31 years, which could hint at a slightly less affordable market.

    The supply metrics such as the stock on market Percentage of 0.19% and inventory level of 0.67 months are both favourably low, indicating less competition among sellers, thus a greater potential for quicker sales. The building approvals Ratio for houses stands at 0.0%, indicating no influx of new building supply in the market that could dampen property price values.

    However, the relatively high days on market of 58 sheds some light on a longer gestation period for property sales than a high-demand market. Meanwhile, a vacancy rate of 1.44% provides some assurance of demand although not of the highest levels. Lastly, a buy search index of 4 for houses signals moderate demand.

    While some metrics lean towards a less favourable market, the majority of indicators highlight ORBOST 3888 as a favourable locale with potential for both capital gains and positive cash flow, thus making it worth considering. It underlines the importance of interpreting property market data, as trends and not just current values are crucial to identifying upcoming opportunities. This is where comprehensive tools like the Relative Composite Score (RCS) by HtAG Analytics become indispensable, as they streamline the process of data analysis across 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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