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Connewarre, VIC 3227
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,800,000
market range $1.7M-$1.9M
Median Unit
$340,000
market range $325K-$600K
Gross Yield (houses)
2.3%
1yr Growth (houses)
+2.8%
market range -7.5% to +10.0%
Investment snapshot for Connewarre
Connewarre has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Connewarre market and investor summary
Connewarre (VIC 3227) runs a median house price of $1.8M, with houses yielding a gross 2.3%. House prices have moved +2.8% over the past year. At 1.6% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.3% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.6% and a resident base that is not shrinking. Apartment stock is taking longer than usual to clear, a sign of softer demand at the unit end of the market.
Living in Connewarre: people, income and schools
About 953 people live in Connewarre, and the area has been growing steadily, up about 47% over five years. The median age is 47, skewed a little older, and 90% 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 $121,000 a year, or roughly $2,330 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 14.9 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 23% over five years, which tends to underpin what local buyers can pay.
There are 4 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 70 km from the CBD. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 953
- +47% over 5yr
- Median age
- 47 years
- Median household income
- $121,000/yr
- Households renting
- 9%
- Family households
- 86%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 4
- avg ICSEA 1040
- Unemployment
- 2.2%
- Distance to CBD
- 70 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 Connewarre
View all →Frequently asked questions about Connewarre
What should I check before investing in Connewarre?
Connewarre has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 8.9%, before expenses, tax and loan costs. Tight rental market (1.6% 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 Connewarre?
The median property price in Connewarre, VIC 3227 is $1.8M for houses and $340K for units.
What rental yield does Connewarre show?
The gross rental yield in Connewarre is 2.3% for houses and 8.9% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Connewarre?
House prices in Connewarre are up 2.8% over the past year. 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 Connewarre?
The current vacancy rate in Connewarre is 1.6%. 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 Connewarre?
Connewarre has a population of approximately 953 residents, with a median age of 47.
What schools are near Connewarre?
There are 4 schools within roughly 5km of Connewarre. 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 Connewarre affordable to buy in?
A median house in Connewarre costs about 14.9 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 Connewarre's population growing?
The population of Connewarre has grown about 47% 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 Connewarre from the CBD?
Connewarre is about 70 km from the CBD.
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