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Allambee, VIC 3823
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$865,000
Median Unit
$440,000
Gross Yield (units)
5.1%
1yr Growth
-
Investment snapshot for Allambee
Allambee has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Allambee market and investor summary
In Allambee, VIC 3823, the median house sells for around $865K. At 0.5% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 0.5% and a resident base that is not shrinking.
Living in Allambee: people, income and schools
Allambee is home to around 24 people, a number that has held fairly steady over five years. At a median age of 45, it reads as skewed a little older, and 82% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $72,000 a year (about $1,380 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to a steep 12.1 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 14% over five years, which tends to underpin what local buyers can pay.
- Population
- 24
- +6% over 5yr
- Median age
- 45 years
- Median household income
- $72,000/yr
- Households renting
- 13%
- Family households
- 72%
- Socio-economic rank
- 5/10
- ABS advantage index
- Unemployment
- 2.6%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Allambee
No properties currently listed in Allambee
Search Allambee listings →Frequently asked questions about Allambee
What should I check before investing in Allambee?
Allambee has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.1%, giving a stronger rent-to-price starting point than many suburbs. Tight rental market (0.5% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Allambee?
The median property price in Allambee, VIC 3823 is $865K for houses and $440K for units.
What rental yield does Allambee show?
The gross rental yield in Allambee is 5.1% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Allambee?
The current vacancy rate in Allambee is 0.5%. 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 Allambee?
Allambee has a population of approximately 24 residents, with a median age of 45.
Is Allambee affordable to buy in?
A median house in Allambee costs about 12.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 Allambee's population growing?
The population of Allambee has grown modestly, about 6% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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