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Alexandra, VIC 3714

Home » VIC Real Estate Data » Murrindindi Shire, VIC » Alexandra, VIC 3714

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 Alexandra, VIC 3714 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.

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Rent 

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Yield 

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Buy 

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Rent 

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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 “Alexandra, VIC 3714”

  1. The total adult population (15 years or older) of Alexandra 3714 VIC is 2,386, with a median age of 51. Of those, 46.19% are married, 15.30% are divorced or separated, 29.63% are single and 8.72% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $6,044. The median monthly mortgage repayment for households in this suburb is $1,300 which is 21.51% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Alexandra, postcode 3714, situated in Victoria, is home to an estimated 1803 households. As we step into Q3 of 2023, the property market dynamics of this neighbourhood shows that the typical price of houses settles at about $579,812. Further, a median weekly rent of $356 reflects an indicative yield of 3.19%. This yield meets the minimum attractive market requirement for property investors focussing on cash flow.

    Alexandra presents an IRSAD score of 940 out of a maximum 1217, suggesting a fairly sound socio-economic status within the community. The suburb’s ratio of renters to homeowners is quite balanced at 21%. This ratio is well under the threshold of 30%, making the area a potentially attractive investment for long-term returns.

    Moreover, Alexandra is predominantly a suburb of houses, with a units-to-houses ratio standing at a mere 7%, thereby offering less competition among landlords when searching for tenants and ensuring a more stable rental yield. The area tends to attract more families, providing longer tenancy periods and reduced risk of price drops due to an oversaturated market.

    In terms of affordability, the index for houses stands at 38 years, indicating that the property market is slightly on the higher side in terms of home ownership affordability. However, the stock on the market paints a favourable picture with a percent of 0.19%, well under the 0.4% favourable indicator threshold. This suggests a favourable low supply market condition.

    The inventory level for houses in Alexandra is impressively low at 1.03 months, indicating a robust demand for properties. The building approvals Ratio remains at 0%, with no new approvals, signifying a limited addition to the housing stock in the recent period.

    On average, houses in Alexandra are remaining on the market for around 39 days. It’s slightly above the high-demand indicator but still quite reasonable. A vacancy rate of 0.52% (for both houses and units) showcases a high housing demand in the area, making it a favourable market for investors.

    Lastly, the buy search index for houses is indexed at 4, indicating a neutral demand in line with the state city average.

    Therefore, while the affordability index in Alexandra leans towards the unfavourable end, a majority of the indicators such as low supply conditions, healthy yield, strong socio-economic score, and balanced renter-to-owner and units-to-houses ratios, make it a suburb worth considering for potential property investors or buyer’s agents. However, it’s essential to keep observing the Real Estate Market trends constantly, and the RCS metric is a valuable tool in automating this research, as offered by HtAG Analytics.

    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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