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Baromi, VIC 3871
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$625,000
Median Unit
$540,000
Gross Yield (houses)
3.9%
1yr Growth
-
Investment snapshot for Baromi
Baromi has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Baromi market and investor summary
In Baromi, VIC 3871, the median house sells for around $625K, on a gross rental yield of 3.9% for houses. At 6.9% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.9% is neither a standout cashflow play nor a pure growth bet. Demand is softer at 6.9% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 106 days on market, so plan for a slower exit if you ever need one.
Living in Baromi: people, income and schools
Baromi has a resident population of roughly 149, a number that has held fairly steady over five years. At a median age of 37, it reads as broadly working-age, and 90% 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 $93,000 a year (about $1,790 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 about 6.7 times local household income, in line with much of metropolitan Australia. Incomes have risen about 21% over five years, which tends to underpin what local buyers can pay.
Families have 2 schools within roughly 5km to choose from, testing close to 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 Fibre to the Node.
- Population
- 149
- +2% over 5yr
- Median age
- 37 years
- Median household income
- $93,000/yr
- Households renting
- 8%
- Family households
- 57%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 989
- Unemployment
- 2.6%
- 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 Baromi
No properties currently listed in Baromi
Search Baromi listings →Frequently asked questions about Baromi
What should I check before investing in Baromi?
Baromi has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Baromi?
The median property price in Baromi, VIC 3871 is $625K for houses and $540K for units.
What rental yield does Baromi show?
The gross rental yield in Baromi is 3.9% for houses and 2.9% 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 Baromi?
The current vacancy rate in Baromi is 6.9%. 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 Baromi?
Baromi has a population of approximately 149 residents, with a median age of 37.
What schools are near Baromi?
There are 2 schools within roughly 5km of Baromi. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Baromi affordable to buy in?
A median house in Baromi 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 Baromi's population growing?
The population of Baromi has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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