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Barongarook, VIC 3249
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$920,000
list-price estimate
Median Unit
$380,000
Gross Yield (units)
5.0%
1yr Growth
-
Investment snapshot for Barongarook
Barongarook has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Barongarook market and investor summary
Barongarook sits in VIC, postcode 3249. At 11.1% vacancy, it is a softer rental market with more choice for tenants.
Demand is softer at 11.1% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 186 days on market, so plan for a slower exit if you ever need one.
Living in Barongarook: people, income and schools
Barongarook is home to around 458 people, a number that has held fairly steady over five years. At a median age of 44, it reads as skewed a little older, and 98% 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 $89,000 a year (about $1,710 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 27% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 458
- +1% over 5yr
- Median age
- 44 years
- Median household income
- $89,000/yr
- Households renting
- 4%
- Family households
- 79%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 968
- Unemployment
- 1.3%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Barongarook
View all →Frequently asked questions about Barongarook
What should I check before investing in Barongarook?
Barongarook has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.0%, giving a stronger rent-to-price starting point than many suburbs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Barongarook?
The median property price in Barongarook, VIC 3249 is $380K for units.
What rental yield does Barongarook show?
The gross rental yield in Barongarook is 5.0% 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 Barongarook?
The current vacancy rate in Barongarook is 11.1%. 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 Barongarook?
Barongarook has a population of approximately 458 residents, with a median age of 44.
What schools are near Barongarook?
There are 1 school within roughly 5km of Barongarook. 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 Barongarook's population growing?
The population of Barongarook has grown modestly, about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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