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Budgeree, VIC 3870
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$780,000
list-price estimate
Median Unit
$190,000
list-price estimate
Gross Yield (houses)
3.5%
1yr Growth
-
Investment snapshot for Budgeree
Budgeree has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Budgeree market and investor summary
In Budgeree, VIC 3870, houses show a gross rental yield of 3.5%. At 1.9% 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 3.5% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.9% and a resident base that is not shrinking. Houses also take time to sell, around 275 days on market, so plan for a slower exit if you ever need one.
Living in Budgeree: people, income and schools
About 146 people live in Budgeree, a number that has held fairly steady over five years. At a median age of 48, it reads as skewed a little older, and 83% 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 $68,000 a year (about $1,310 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10).
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 146
- +5% over 5yr
- Median age
- 48 years
- Median household income
- $68,000/yr
- Households renting
- 8%
- Family households
- 85%
- Socio-economic rank
- 5/10
- ABS advantage index
- Unemployment
- 4.7%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Budgeree
No properties currently listed in Budgeree
Search Budgeree listings →Frequently asked questions about Budgeree
What should I check before investing in Budgeree?
Budgeree has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.9% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What rental yield does Budgeree show?
The gross rental yield in Budgeree is 3.5% for houses. 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 Budgeree?
The current vacancy rate in Budgeree is 1.9%. 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 Budgeree?
Budgeree has a population of approximately 146 residents, with a median age of 48.
Is Budgeree's population growing?
The population of Budgeree has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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