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Buxton, VIC 3711

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 Buxton, VIC 3711 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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No Rent Data
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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 “Buxton, VIC 3711”

  1. The total adult population (15 years or older) of Buxton 3711 VIC is 513, with a median age of 53. Of those, 48.93% are married, 18.13% are divorced or separated, 27.88% are single and 5.07% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $7,036. The median monthly mortgage repayment for households in this suburb is $1,733 which is 24.63% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in Victoria, Buxton 3711 is a suburb home to a tightly knit community with an estimated 452 households. With typical house prices sitting around $792,474 in the third quarter of 2023, the median rent for these homes is $374 a week, offering an indicative yield of 2.45%. This modest yield may not quite meet the 3% mark projected as the minimum attractive market requirement for cashflow-centred property investors. However, it’s essential to consider other aspects of the property market.

    The area boasts a relatively high IRSAD score of 976 out of 1217, speaking to a robust socio-economic standing with good access to economic resources. A low renter to owner ratio of 11% marks Buxton as a neighbourhood primarily comprising property owners. This figure suggests low competition amongst landlords, potentially resulting in more stable and higher rental yields in the long term.

    Furthermore, Buxton sports a zero units to houses ratio, distinguishing itself as an area desirable to families favouring houses over units and leading to longer tenancy periods. This statistic, combined with a low level of new building approvals (0.0%), indicates that Buxton is unlikely to become oversaturated with rental properties in the future.

    However, it’s important to note that the affordability index sits at 44 years, an elevation beyond the standard 30-year mortgage assumption, marking decreased affordability in the area. Though, this may lead to an increase in renters and potential investment opportunities.

    The suburb offers an encouraging 0.22% stock on market Percentage and a comfortable inventory level at 1.5 months. Both these metrics demonstrate a balanced market with a healthy turnover rate.

    Despite houses sitting on the market for an average of 59 days — a slightly longer period yet still in the market’s neutral zone, the combined vacancy rate for both houses and units stands at a low 2.0%. This suggests that while properties may take slightly longer to sell, demand outpaces available supply. Furthermore, a buy search index rating at seven for houses underscores high demand in this market.

    Essentially, while some parameters, such as the affordability index, are not in the favourable range, the majority of metrics indicate Buxton as a suburb presenting a range of appealing opportunities for property investors. By considering these diverse factors, a comprehensive view of the local property landscape reveals Buxton as a favourable investment prospect.

    And as always, the Relative Composite Score (RCS) from HtAG Analytics provides automated research, integrating these metrics and over 80 others to deliver an accurate, insightful analysis of the property market.

    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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