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Alfredton, VIC 3350
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$660,000
market range $625K-$800K
Median Unit
$410,000
market range $350K-$475K
Gross Yield (houses)
3.8%
1yr Growth (houses)
+10.9%
market range +5.0% to +22.5%
Investment snapshot for Alfredton
Alfredton has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Alfredton market and investor summary
Alfredton (VIC 3350) runs a median house price of $660K, with houses yielding a gross 3.8%. House prices have moved +10.9% over the past year and +3.1% over three years. At 1.3% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.3% and a resident base that is not shrinking.
Living in Alfredton: people, income and schools
Alfredton has a resident population of roughly 11,822, and the area has been growing steadily, up about 10% over five years. The median age is 35, broadly working-age, and families account for 77% of households.
Households here earn a median of about $98,000 a year, or roughly $1,880 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to about 6.7 times local household income, in line with much of metropolitan Australia. Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
There are 28 schools within about 5km, testing a little above the national school average on ICSEA. It is fairly car-dependent; the suburb scores 9 for walkability and 1 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 11,822
- +10% over 5yr
- Median age
- 35 years
- Median household income
- $98,000/yr
- Households renting
- 30%
- Family households
- 77%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 28
- avg ICSEA 1027
- Unemployment
- 3.1%
- Walk score
- 9/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Alfredton
View all →Frequently asked questions about Alfredton
What should I check before investing in Alfredton?
Alfredton has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.7% gives a usable rent-to-price starting point. Capital growth of +10.9% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Alfredton?
The median property price in Alfredton, VIC 3350 is $660K for houses and $410K for units.
What rental yield does Alfredton show?
The gross rental yield in Alfredton is 3.8% for houses and 4.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Alfredton?
House prices in Alfredton are up 10.9% over the past year and up 3.1% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Alfredton?
The current vacancy rate in Alfredton is 1.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Alfredton?
Alfredton has a population of approximately 11,822 residents, with a median age of 35.
What schools are near Alfredton?
There are 28 schools within roughly 5km of Alfredton. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Alfredton affordable to buy in?
A median house in Alfredton costs about 6.7 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Alfredton's population growing?
The population of Alfredton has grown about 10% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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