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Bunyip, VIC 3815
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$890,000
market range $850K-$975K
Median Unit
$500,000
list-price estimate
Gross Yield (houses)
3.3%
1yr Growth (houses)
+13.3%
market range +7.5% to +25.0%
Investment snapshot for Bunyip
Bunyip has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Bunyip market and investor summary
Bunyip (VIC 3815) runs a median house price of $890K, with houses yielding a gross 3.3%. House prices have moved +13.3% over the past year and +20.2% over three years. At 0.5% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.3% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.5% and a resident base that is not shrinking.
Living in Bunyip: people, income and schools
Bunyip is home to around 3,131 people, and the area has been growing steadily, up about 7% over five years. The median age is 38, broadly working-age, and 85% 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 $100,000 a year, or roughly $1,930 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to about 8.9 times local household income, in line with much of metropolitan Australia. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
There are 4 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 74 km from the CBD. It is fairly car-dependent; the suburb scores 6 for walkability and 37 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 3,131
- +7% over 5yr
- Median age
- 38 years
- Median household income
- $100,000/yr
- Households renting
- 12%
- Family households
- 79%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 4
- avg ICSEA 1002
- Unemployment
- 3.0%
- Distance to CBD
- 74 km
- Walk score
- 6/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Bunyip
No properties currently listed in Bunyip
Search Bunyip listings →Frequently asked questions about Bunyip
What should I check before investing in Bunyip?
Bunyip has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +13.3% in the past year shows strong recent price momentum. 3-year capital growth of +20.2% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Bunyip?
The median property price in Bunyip, VIC 3815 is $890K for houses.
What rental yield does Bunyip show?
The gross rental yield in Bunyip is 3.3% for houses and 3.9% 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 Bunyip?
House prices in Bunyip are up 13.3% over the past year and up 20.2% over three years. 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 Bunyip?
The current vacancy rate in Bunyip is 0.5%. 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 Bunyip?
Bunyip has a population of approximately 3,131 residents, with a median age of 38.
What schools are near Bunyip?
There are 4 schools within roughly 5km of Bunyip. 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 Bunyip affordable to buy in?
A median house in Bunyip costs about 8.9 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 Bunyip's population growing?
The population of Bunyip has grown about 7% 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 Bunyip from the CBD?
Bunyip is about 74 km from the CBD.
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