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Clunes, VIC 3370

Home » VIC Real Estate Data » Hepburn Shire, VIC » Clunes, VIC 3370

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 Clunes, VIC 3370 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 

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Rent 

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Yield 

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Buy 

1BR

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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 “Clunes, VIC 3370”

  1. The total adult population (15 years or older) of Clunes 3370 VIC is 1,586, with a median age of 51. Of those, 39.53% are married, 20.24% are divorced or separated, 33.54% are single and 6.49% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $5,356. The median monthly mortgage repayment for households in this suburb is $1,127 which is 21.04% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within the extensive landscape of Victoria (VIC), the suburb of CLUNES 3370 offers a robust and steady property market serving an estimated 1418 households. As we journey over the third quarter statistics of 2023, we perceive some intriguing trends and figures that could allure property investors and buyers agents to take a closer look.

    The typical home price in this notably serene suburb stands at $550,901. The median weekly rent strikes the ledger at $275, which correlates to an indicative yield of 2.6% – a value slightly below the minimum attractive market requirement for cashflow-focused property investors. Hence, for the time-being, CLUNES might be more appealing to growth-oriented investors or to those seeking a peaceful place to settle rather than as a hotspot for substantial rental income.

    Reflecting the socio-economic tableau of the local population, CLUNES marks a score of 907 out of 1217 on the IRSAD, showcasing a relatively comfortable and stable socio-economic aura. The renter to owner ratio in this area is an encouraging 13% and entwines with a mere 1% units-to-houses ratio, a condition that nurtures a lower competition amongst landlords and helps maintain higher rental yields by enhancing the overall allure and vibe of the neighbourhood.

    However, the affordability index in CLUNES presents a slightly challenging picture, as it would roughly take an average of 40 years to fully own a property. This could indicate a decrease in affordability despite the typical property prices. Conversely, the stock on market percentage for houses is notably favourable at 0.21%, marking a low supply and the inventory level is encouraging at 1.09 months suggesting a favourable low supply market.

    The building approvals ratio comes in at a favourable 0.42%, indicating a controlled influx of newly approved residential buildings. The days on market stat strikes the mark at 63, which falls in the neutral-demand area, yet showcasing signs of an advantageous spot. Meanwhile, as the vacancy rate hovers at a minor 0.53% – this underlines a high demand due to limited availability, also suggesting potential opportunities for growth over the foreseeable horizon. The buy search index consolidates these traits with a strong figure of 6, adding yet more appeal to this suburb’s burgeoning investment profile.

    Despite some high readings in metrics such as the affordability index, a prudent analysis of CLUNES 3370’s property market based on the HtAG Analytics’ Relative Composite Score (RCS) method, reveals a considerable majority of metrics in favourable ranges. Therefore, this suburb may be poised to reward discerning investors who astutely balance their investment portfolio between risk and return.

    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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