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Codrington, VIC 3285
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$505,000
Median Unit
$290,000
list-price estimate
Gross Yield (houses)
5.9%
1yr Growth
-
Investment snapshot for Codrington
Codrington has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Codrington market and investor summary
In Codrington, VIC 3285, the median house sells for around $505K, on a gross rental yield of 5.9% for houses. At 2.4% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 5.9% does more of the early heavy lifting than capital growth usually would at this price point. Houses also take time to sell, around 78 days on market, so plan for a slower exit if you ever need one.
Living in Codrington: people, income and schools
About 37 people live in Codrington, a number that has held fairly steady over five years. At a median age of 47, it reads as skewed a little older, and 82% 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 $85,000 a year (about $1,640 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 roughly 5.9 times local household income, leaving more headroom than most capital-city markets. Incomes have risen about 14% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 37
- +2% over 5yr
- Median age
- 47 years
- Median household income
- $85,000/yr
- Households renting
- 18%
- Family households
- 75%
- Socio-economic rank
- 7/10
- ABS advantage index
- Unemployment
- 1.9%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Codrington
No properties currently listed in Codrington
Search Codrington listings →Frequently asked questions about Codrington
What should I check before investing in Codrington?
Codrington has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid house gross rental yield of 5.9%, 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 Codrington?
The median property price in Codrington, VIC 3285 is $505K for houses.
What rental yield does Codrington show?
The gross rental yield in Codrington is 5.9% for houses. 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 Codrington?
The current vacancy rate in Codrington is 2.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Codrington?
Codrington has a population of approximately 37 residents, with a median age of 47.
Is Codrington affordable to buy in?
A median house in Codrington costs about 5.9 times the median local household income (more affordable than most capital-city markets). 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 Codrington's population growing?
The population of Codrington has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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