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Clarkefield, VIC 3430
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,500,000
market range $1.5M-$2.2M
Median Unit
$940,000
Gross Yield (houses)
2.1%
1yr Growth
-
Investment snapshot for Clarkefield
Clarkefield has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Clarkefield market and investor summary
Clarkefield (VIC 3430) runs a median house price of $1.5M, with houses yielding a gross 2.1%. At 4.7% 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 2.1% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 4.7% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Clarkefield: people, income and schools
Clarkefield has a resident population of roughly 303, and the area has been growing steadily, up about 9% over five years. The median age is 44, skewed a little older, and 72% of homes are owner-occupied.
Households here earn a median of about $88,000 a year, or roughly $1,700 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 17.0 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 33% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
It is roughly 41 km from the CBD. Getting around leans on public transport or a car; the suburb scores 52 for transit out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 303
- +9% over 5yr
- Median age
- 44 years
- Median household income
- $88,000/yr
- Households renting
- 15%
- Family households
- 72%
- Socio-economic rank
- 7/10
- ABS advantage index
- Unemployment
- 1.9%
- Distance to CBD
- 41 km
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Clarkefield
No properties currently listed in Clarkefield
Search Clarkefield listings →Frequently asked questions about Clarkefield
What should I check before investing in Clarkefield?
Clarkefield 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 Clarkefield?
The median property price in Clarkefield, VIC 3430 is $1.5M for houses and $940K for units.
What rental yield does Clarkefield show?
The gross rental yield in Clarkefield is 2.1% for houses and 3.7% 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 Clarkefield?
The current vacancy rate in Clarkefield is 4.7%. 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 Clarkefield?
Clarkefield has a population of approximately 303 residents, with a median age of 44.
Is Clarkefield affordable to buy in?
A median house in Clarkefield costs about 17.0 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 Clarkefield's population growing?
The population of Clarkefield has grown about 9% 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 Clarkefield from the CBD?
Clarkefield is about 41 km from the CBD.
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