Fraud Blocker

Goughs Bay, VIC 3723

Home » VIC Real Estate Data » Mansfield Shire, VIC » Goughs Bay, VIC 3723

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 Goughs Bay, VIC 3723 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 “Goughs Bay, VIC 3723”

  1. The total adult population (15 years or older) of Goughs Bay 3723 VIC is 301, with a median age of 57. Of those, 52.49% are married, 18.27% are divorced or separated, 24.92% are single and 3.65% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $4,848. The median monthly mortgage repayment for households in this suburb is $1,300 which is 26.82% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of Victoria, Goughs Bay 3723 is a small locality with an estimated 430 households. As we delve into the 3rd quarter of 2023, the typical house price in this suburb is placed at $686,121 with a median weekly rent of $326. This brings forth an indicative yield of approximately 2.47%, which falls short of the 3% minimum attractive market requirement for property investors seeking cashflow-centered investments.

    The socio-economic status in Goughs Bay is slightly lower than average, with the IRSAD score sitting at 963 out of 1217. This infers an average access to economic resources and participation in skilled occupations by the local population.

    In terms of property tenure, the renter to owner ratio is 9%, depicting a healthy scenario for property investors as the market is evidently not oversaturated with rental properties. This lower ratio denotes less competition among landlords for tenants, potentially promoting higher rental yields.

    The units to houses ratio in Goughs Bay is a mere 2%, indicating fewer units and more houses which appeal more to families, hence possibly resulting in longer tenancy periods. This is a favourable indication for the rental market in this area.

    Despite these promising metrics, potential investors may need to tread cautiously with this property market due to the Affordability Index. At 55 years, it significantly exceeds the typical range for desirable markets, indicating lower affordability levels in this area.

    Turning to supply metrics, the stock on market (SoM) percentage for houses stands at 0.23%, an encouraging signal pointing to low supply. The inventory level for houses is also favourable at 1.5 months, signifying a low supply market. Interestingly, the building approvals Ratio for houses rests at 0%, suggesting no new dwelling stock entering the market.

    However, the days on market (DoM) for houses is 89 days, almost reaching the 90-day threshold that indicates low demand. Simultaneously, an elevated vacancy rate of 5.26% hints at a scenario of low demand. On a brighter note, the buy search index for houses is at a high 9, indicating strong online housing interest in Goughs Bay 3723.

    In conclusion, while Goughs Bay’s property market shows some favourable attributes such as low supply and high Buy Search Index, potential investors need to factor in the below ideal indicative yield, relatively poor affordability, and weak demand indicated by the high DoM and Vacancy Rate. As always, investors should perform thorough due diligence, carefully weighing all available metrics in conjunction with expert advice.

    Endnote: The Relative Composite Score (RCS) metric developed by HtAG Analytics conveniently automates the above research utilising over 80 metrics, comprehensively offering deeper insights for potential investors. Always remember that understanding not only the metric values but also their trends is important in investing in real estate. It’s also okay to have some metrics in unfavourable ranges if the majority of other metrics are favourable. Happy investing!

    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