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Cavendish, VIC 3314
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$635,000
list-price estimate
Median Unit
$570,000
Gross Yield (houses)
4.6%
1yr Growth
-
Investment snapshot for Cavendish
Cavendish has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Cavendish market and investor summary
In Cavendish, VIC 3314, houses show a gross rental yield of 4.6%. At 8.4% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.6% is neither a standout cashflow play nor a pure growth bet. Demand is softer at 8.4% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Cavendish: people, income and schools
Cavendish is home to around 366 people, a number that has held fairly steady over five years. The median age is 49, skewed a little older, and 75% 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 $76,000 a year, or roughly $1,450 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 46% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 366
- -0% over 5yr
- Median age
- 49 years
- Median household income
- $76,000/yr
- Households renting
- 10%
- Family households
- 73%
- Socio-economic rank
- 8/10
- ABS advantage index
- Unemployment
- 2.1%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Cavendish
No properties currently listed in Cavendish
Search Cavendish listings →Frequently asked questions about Cavendish
What should I check before investing in Cavendish?
Cavendish has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.3%, giving a stronger rent-to-price starting point than many suburbs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Cavendish?
The median property price in Cavendish, VIC 3314 is $570K for units.
What rental yield does Cavendish show?
The gross rental yield in Cavendish is 4.6% for houses and 5.3% 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 Cavendish?
The current vacancy rate in Cavendish is 8.4%. 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 Cavendish?
Cavendish has a population of approximately 366 residents, with a median age of 49.
Is Cavendish's population growing?
The population of Cavendish has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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