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Noble Park, VIC 3174

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 Noble Park, VIC 3174 located in Melbourne 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 “Noble Park, VIC 3174”

  1. The total adult population (15 years or older) of Noble Park 3174 VIC is 26,997, with a median age of 35. Of those, 44.36% are married, 13.91% are divorced or separated, 35.96% are single and 5.76% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $6,180. The median monthly mortgage repayment for households in this suburb is $1,647 which is 26.65% of their earnings.

    Source: ABS Census Data (2021)

  2. In the heart of Victoria, the suburb of NOBLE PARK 3174 is home to approximately 13,480 households. As we move into the third quarter of 2023, typical house prices in this bustling suburb hover around $740,450. Coupled with a median weekly rent of $432, the indicative yield generated stands at slightly over 3%, subtly surpassing the minimum attractive market requirement for revenue-focused property investors.

    NOBLE PARK recorded an IRSAD score of 901 out of 1,217, indicative of a reasonable socio-economic status among the suburb’s population. The area offers a blend of rental and owned properties, with a renter to owner ratio standing at 40%. This balance may suggest enough room for long-term returns without extreme competition. The suburb’s units to houses ratio exhibits a similar equation, posting a figure of 46% — although this stretches slightly toward the upper end of the favourable range, it doesn’t cross into the risky limits.

    Despite the appealing factors, the suburb’s affordability index takes a notch. Typically, house ownership in NOBLE PARK stretches across 47 years, a bit lengthier compared to standard market norms. Nevertheless, it’s noteworthy that the affordability metric is based on certain assumptions, including a standard 30-year mortgage which intrinsically might not mirror the precise reality of every investor.

    NOBLE PARK’s house supply metrics reveal a promising picture, with the suburb witnessing a stock on market Percentage of just 0.26%. This stakes below the 0.4% threshold, suggesting low supply hence increased investment prospects. The inventory Level aligns with this narrative, standing at nearly 0.99 months, suggesting quick absorption of new listings in a strong market. Moreover, the building approvals Ratio for houses sits at minimal 0.24%, underscoring the low supply of new dwellings.

    In terms of demand, houses in NOBLE PARK are enjoying strong interest. They are typically marketed for about 31 days – a figure that well underlines the postcode’s high demand among buyers. Influencing this uptrend is the way below average vacancy rate of 0.44%, accounting for both houses and units. This indicates high demand from renters. However, it’s worth noting that the buy search index for houses is at a moderate 3, which could be seen as limited demand.

    All in all, while some metrics, such as the affordability index and renter to owner ratio, might hover near the unfavourable zone, numerous elements including low supply and high demand, combined with a reasonably good socio-economic score, paint an overall favourable picture for NOBLE PARK 3174. As always, potential investors should pay attention to ongoing property market trends to make informed decisions. There are various tools such as RCS (Relative Composite Score) by HtAG Analytics which can help automate this process using numerous 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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