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Axedale, VIC 3551
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$815,000
list-price estimate
Median Unit
$365,000
Gross Yield (units)
7.3%
1yr Growth
-
Investment snapshot for Axedale
Axedale has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Investment score breakdown
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Axedale market and investor summary
Axedale sits in VIC, postcode 3551. At 3.1% vacancy, it is a softer rental market with more choice for tenants.
Living in Axedale: people, income and schools
About 984 people live in Axedale, and the area has been growing steadily, up about 13% over five years. The median age is 37, broadly working-age, and 92% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $101,000 a year, or roughly $1,930 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing a little above the national school average on ICSEA. It is fairly car-dependent; the suburb scores 1 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 984
- +13% over 5yr
- Median age
- 37 years
- Median household income
- $101,000/yr
- Households renting
- 7%
- Family households
- 79%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1080
- Unemployment
- 2.4%
- Walk score
- 1/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Axedale
View all →Frequently asked questions about Axedale
What should I check before investing in Axedale?
Axedale has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 7.3%, before expenses, tax and loan costs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Axedale?
The median property price in Axedale, VIC 3551 is $365K for units.
What rental yield does Axedale show?
The gross rental yield in Axedale is 7.3% 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 Axedale?
The current vacancy rate in Axedale is 3.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Axedale?
Axedale has a population of approximately 984 residents, with a median age of 37.
What schools are near Axedale?
There are 1 school within roughly 5km of Axedale. 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 Axedale's population growing?
The population of Axedale has grown about 13% 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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