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Cardinia, VIC 3978
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$775,000
list-price estimate
Median Unit
$515,000
Gross Yield (houses)
2.0%
1yr Growth
-
Investment snapshot for Cardinia
Cardinia has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Cardinia market and investor summary
In Cardinia, VIC 3978, houses show a gross rental yield of 2.0%. At 6.4% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.0% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 6.4% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Cardinia: people, income and schools
Cardinia is home to around 342 people, and the area has been growing steadily, up about 66% over five years. The median age is 44, skewed a little older, and 84% 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 $98,000 a year, or roughly $1,880 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). Incomes have risen about 18% 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 54 km from the CBD. It is fairly car-dependent; the suburb scores 2 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 342
- +66% over 5yr
- Median age
- 44 years
- Median household income
- $98,000/yr
- Households renting
- 10%
- Family households
- 84%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1056
- Unemployment
- 4.1%
- Distance to CBD
- 54 km
- Walk score
- 2/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Cardinia
View all →Frequently asked questions about Cardinia
What should I check before investing in Cardinia?
Cardinia 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 Cardinia?
The median property price in Cardinia, VIC 3978 is $515K for units.
What rental yield does Cardinia show?
The gross rental yield in Cardinia is 2.0% for houses and 3.1% 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 Cardinia?
The current vacancy rate in Cardinia is 6.4%. 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 Cardinia?
Cardinia has a population of approximately 342 residents, with a median age of 44.
What schools are near Cardinia?
There are 1 school within roughly 5km of Cardinia. 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 Cardinia's population growing?
The population of Cardinia has grown about 66% 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 Cardinia from the CBD?
Cardinia is about 54 km from the CBD.
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