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Tatura, VIC 3616

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 Tatura, VIC 3616 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 “Tatura, VIC 3616”

  1. The total adult population (15 years or older) of Tatura 3616 VIC is 4,082, with a median age of 44. Of those, 48.82% are married, 12.15% are divorced or separated, 31.95% are single and 7.18% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,204. The median monthly mortgage repayment for households in this suburb is $1,300 which is 18.05% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in Victoria, the suburb of TATURA 3616 plays host to approximately 2722 households. Entering into the third quarter of 2023, TATURA showcases an encouraging housing market with a typical house price of $486,208. Subsequently, the median weekly rent is reported to be $431, providing property investors with an indicative yield of an impressive 4.61%.

    Simultaneously, TATURA displays a socio-economic score of 955 out of a possible total of 1217 on the IRSAD index, illustrating a respectable socio-economic stance within the population. Correspondingly, the renter to owner ratio sits comfortably at 21% which is below the 30% threshold, indicating a strong balance in the market and a favourable ownership dominance that appeals to long-term investors. Adding to the positive property dynamics, only 7% of the dwelling types are units compared to houses in TATURA. This relatively low units to houses ratio presents a more stable and less competitive market for landlords seeking renters who are more likely to establish more extended tenancies.

    Contributing to TATURA’s appeal, its affordability index stands at 26 years suggesting that on average, homeowners can fully own a property within this timeline, given the median family income, current interest rates, and typical property prices in the area. This indicates a high degree of affordability in the market, further attracting investors.

    With a stock on market Percentage for houses at merely 0.16%, TATURA boasts an extremely favourable low supply condition. This statistic is substantiated by an inventory level of just 0.66 months, which speaks volumes about the suburb’s capacity to rapidly absorb new listings. In terms of building approvals, the ratio is a minuscule 0.12%, firmly supporting a favourable low supply market by not oversaturating it with new dwelling constructions.

    Nonetheless, a note of caution is required as TATURA’s average number of days on market for houses does stand at a relatively high 223 days, suggesting a lower demand. Additionally, the combined vacancy rate for both houses and units is at a neutral 2.13%, requiring a watchful eye from investors.

    Lastly, the buy search index for houses in TATURA 3616 is reported to be 4, denoting a neutral demand in the market. This, combined with the other metrics, illustrates TATURA’s potential as a viable investment opportunity.

    Investors are encouraged to evaluate these statistics in the context of broader trends and apply tools such as the RCS (Relative Composite Score) developed by HtAG Analytics, which combines over 80 metrics to deliver a comprehensive market analysis. Despite some metrics falling into unfavourable ranges, the majority of TATURA 3616’s indicators sit favourably, painting a generally positive posture for property investment.

    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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