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Corndale, VIC 3311
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$385,000
list-price estimate
Median Unit
$210,000
list-price estimate
Gross Yield (houses)
2.9%
1yr Growth
-
Investment snapshot for Corndale
Corndale has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Corndale market and investor summary
In Corndale, VIC 3311, houses show a gross rental yield of 2.9%. At 0.4% 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 2.9% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 61 days on market, so plan for a slower exit if you ever need one.
Living in Corndale: people, income and schools
About 27 people live in Corndale, a number that has held fairly steady over five years. The median age is 51, an older, established demographic, and 79% 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 $85,000 a year, or roughly $1,630 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). Incomes have risen about 15% over five years, which tends to underpin what local buyers can pay.
- Population
- 27
- -1% over 5yr
- Median age
- 51 years
- Median household income
- $85,000/yr
- Households renting
- 14%
- Family households
- 100%
- Socio-economic rank
- 2/10
- ABS advantage index
- Unemployment
- 2.3%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Corndale
No properties currently listed in Corndale
Search Corndale listings →Frequently asked questions about Corndale
What should I check before investing in Corndale?
Corndale has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.4% 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 rental yield does Corndale show?
The gross rental yield in Corndale is 2.9% 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 Corndale?
The current vacancy rate in Corndale is 0.4%. 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 Corndale?
Corndale has a population of approximately 27 residents, with a median age of 51.
Is Corndale's population growing?
The population of Corndale 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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