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Bakery Hill, VIC 3350
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$700,000
list-price estimate
Median Unit
$335,000
market range $325K-$650K
Gross Yield (houses)
4.0%
1yr Growth (houses)
+7.0%
market range +0.0% to +12.5%
Investment snapshot for Bakery Hill
Bakery Hill has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Bakery Hill market and investor summary
In Bakery Hill, VIC 3350, houses show a gross rental yield of 4.0%. House prices have moved +7.0% over the past year. At 0.8% 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 4.0% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.8% and a resident base that is not shrinking. Houses also take time to sell, around 279 days on market, so plan for a slower exit if you ever need one.
Living in Bakery Hill: people, income and schools
Bakery Hill has a resident population of roughly 180, and the area has been growing steadily, up about 10% over five years. The median age is 34, broadly working-age, with renters making up 54% of households.
Households here earn a median of about $66,000 a year, or roughly $1,260 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
There are 42 schools within about 5km. Most day-to-day errands are doable on foot; the suburb scores 82 for walkability and 15 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 180
- +10% over 5yr
- Median age
- 34 years
- Median household income
- $66,000/yr
- Households renting
- 54%
- Family households
- 45%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 42
- Unemployment
- 3.1%
- Walk score
- 82/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Bakery Hill
View all →Frequently asked questions about Bakery Hill
What should I check before investing in Bakery Hill?
Bakery Hill has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 6.4%, before expenses, tax and loan costs. Capital growth of +7.0% in the past year shows positive 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 Bakery Hill?
The median property price in Bakery Hill, VIC 3350 is $335K for units.
What rental yield does Bakery Hill show?
The gross rental yield in Bakery Hill is 4.0% for houses and 6.4% 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 Bakery Hill?
House prices in Bakery Hill are up 7.0% over the past year. 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 Bakery Hill?
The current vacancy rate in Bakery Hill is 0.8%. 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 Bakery Hill?
Bakery Hill has a population of approximately 180 residents, with a median age of 34.
What schools are near Bakery Hill?
There are 42 schools within roughly 5km of Bakery Hill. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Bakery Hill's population growing?
The population of Bakery Hill 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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