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Hepburn, VIC 3461

Home » VIC Real Estate Data » Hepburn Shire, VIC » Hepburn, VIC 3461

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 Hepburn, VIC 3461 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 “Hepburn, VIC 3461”

  1. The total adult population (15 years or older) of Hepburn 3461 VIC is 547, with a median age of 52. Of those, 40.95% are married, 17.00% are divorced or separated, 37.48% are single and 5.30% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $6,332. The median monthly mortgage repayment for households in this suburb is $1,426 which is 22.52% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled within the state of Victoria, the suburb of Hepburn, which houses approximately 443 households, emanates a unique property market pulse as we progress through the third quarter of 2023. The typical house prices currently sit at a sum of $779,038 with a median weekly rent scaling up to $495. This bracket of prices and rent effectively brands an indicative yield of 3.3%, thus aligning it with the minimum market requirement of 3% for property investors who prioritise cash flow.

    At a socio-economic level, Hepburn marks an IRSAD score of 968 out of 1217, indicating a fairly high socioeconomic status among residents. The renter to the owner ratio is noted as 15%, suggesting a healthy property market as the ratio rests below the maximum favourable level (30%). This reduces the competition between landlords for tenants, often evoking higher rental yields.

    Interestingly, the units to houses ratio for the area is 0%, highlighting more residential houses than other dwelling types – usually a favourable sign indicative of less competition among landlords for tenants. This again may help maintain higher rental yields and attracts longer tenancies, particularly from families.

    In terms of property ownership, the affordability index strikes a relatively high figure of 48 years, which represents the estimated duration required to own a property outright – this sits above the standard 30-year mortgage. This lengthened period demonstrates decreased affordability, indicating that potential investors or buyers might need to muster up considerable patience and strategy when entering the market.

    When analysing supply in Hepburn, the stock on the market percentage tallies up to 0.23%, indicating a low supply and hence a favourable condition for sellers. This low supply status is further reinforced by inventory levels standing at 1.0 months. The building approvals ratio for houses is at 0.0%, a favourable condition hinting at low supply of new dwellings.

    The area’s average property spends 37 days on the market, a comparative figure that suggests moderate demand. Simultaneously, the vacancy rate, which combines both houses and units, is noted as 1.49%. Positioned below the 3.5% threshold, this portrays high demand indicating a heated rental market environment, potentially driven by high desire for residence within the area.

    Lastly, Hepburn’s buy search index for houses is listed as 3. Whilst these score leans slightly towards the limited demand side, it’s crucial to holistically consider the entire array of metrics and trends before drawing conclusions. Thus one may conclude, Hepburn exhibits favourable market conditions for both investments and settlements- signifying an attractive property market with potential for growth. Remember, always keep an eye out for market trends and emerging opportunities. An analytical tool like RCS (Relative Composite Score) streamlines this research process by consolidating over 80 metrics into one easy-to-understand score.

    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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