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Barrabool, VIC 3221

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Median House

$3,005,000

market range $1.0M-$3.0M

Median Unit

$620,000

Gross Yield (units)

3.6%

1yr Growth

-

Investment snapshot for Barrabool

Barrabool has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Barrabool market and investor summary

Barrabool (VIC 3221) runs a median house price of $3.0M. At 2.8% vacancy, it is a broadly balanced rental market.

Living in Barrabool: people, income and schools

Barrabool has a resident population of roughly 247, and the area has been growing steadily, up about 9% over five years. The median age is 44, skewed a little older, and 95% 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 $133,000 a year, or roughly $2,560 a week. On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 22.6 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 30% 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 roughly 76 km from the CBD. Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
247
+9% over 5yr
Median age
44 years
Median household income
$133,000/yr
Households renting
10%
Family households
85%
Socio-economic rank
10/10
ABS advantage index
Schools within 5km
1
avg ICSEA 1080
Unemployment
2.5%
Distance to CBD
76 km

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Barrabool

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Frequently asked questions about Barrabool

What should I check before investing in Barrabool?

Barrabool 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 Barrabool?

The median property price in Barrabool, VIC 3221 is $3.0M for houses and $620K for units.

What rental yield does Barrabool show?

The gross rental yield in Barrabool is 3.6% 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 Barrabool?

The current vacancy rate in Barrabool is 2.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.

How many people live in Barrabool?

Barrabool has a population of approximately 247 residents, with a median age of 44.

What schools are near Barrabool?

There are 1 school within roughly 5km of Barrabool. 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 Barrabool affordable to buy in?

A median house in Barrabool costs about 22.6 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 Barrabool's population growing?

The population of Barrabool has grown about 9% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Barrabool from the CBD?

Barrabool is about 76 km from the CBD.

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