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Cairnlea, VIC 3023
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$980,000
market range $900K-$1.1M
Median Unit
$410,000
market range $375K-$450K
Gross Yield
-
1yr Growth (houses)
+9.0%
market range +2.5% to +15.0%
Investment snapshot for Cairnlea
Cairnlea has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Cairnlea market and investor summary
In Cairnlea, VIC 3023, the median house sells for around $980K. House prices have moved +9.0% over the past year and +0.2% over three years. At 1.3% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.3% and a resident base that is not shrinking.
Living in Cairnlea: people, income and schools
Cairnlea has a resident population of roughly 10,038, a number that has held fairly steady over five years. At a median age of 36, it reads as broadly working-age, and 87% 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 $107,000 a year (about $2,060 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 a steep 9.1 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 32% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 64 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Cairnlea sits about 17 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 54 for walkability and 9 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 10,038
- +3% over 5yr
- Median age
- 36 years
- Median household income
- $107,000/yr
- Households renting
- 13%
- Family households
- 54%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 64
- avg ICSEA 1023
- Unemployment
- 5.4%
- Distance to CBD
- 17 km
- Walk score
- 54/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Cairnlea
View all →Frequently asked questions about Cairnlea
What should I check before investing in Cairnlea?
Cairnlea has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +9.0% in the past year shows strong recent price momentum. Tight rental market (1.3% 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 are typical property prices in Cairnlea?
The median property price in Cairnlea, VIC 3023 is $980K for houses and $410K for units.
What does recent house price growth show for Cairnlea?
House prices in Cairnlea are up 9.0% over the past year and up 0.2% 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 Cairnlea?
The current vacancy rate in Cairnlea is 1.3%. 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 Cairnlea?
Cairnlea has a population of approximately 10,038 residents, with a median age of 36.
What schools are near Cairnlea?
There are 64 schools within roughly 5km of Cairnlea. 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 Cairnlea affordable to buy in?
A median house in Cairnlea costs about 9.1 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 Cairnlea's population growing?
The population of Cairnlea has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Cairnlea from the CBD?
Cairnlea is about 17 km from the CBD.
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