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Derrinal, VIC 3523

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

High Yield Suburb

Median House

$485,000

market range $450K-$725K

Median Unit

$370,000

list-price estimate

Gross Yield (houses)

6.3%

1yr Growth

-

Investment snapshot for Derrinal

Derrinal has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Derrinal market and investor summary

Derrinal (VIC 3523) runs a median house price of $485K, with houses yielding a gross 6.3%. At 5.3% vacancy, it is a softer rental market with more choice for tenants.

For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 6.3% does more of the early heavy lifting than capital growth usually would at this price point. Demand is softer at 5.3% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 83 days on market, so plan for a slower exit if you ever need one.

Living in Derrinal: people, income and schools

About 99 people live in Derrinal, and the area has been growing steadily, up about 10% over five years. The median age is 60, an older, established demographic, and 86% 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 $52,000 a year, or roughly $990 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to a steep 9.4 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 30% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.

There is 1 school within about 5km, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
99
+10% over 5yr
Median age
60 years
Median household income
$52,000/yr
Households renting
14%
Family households
49%
Socio-economic rank
2/10
ABS advantage index
Schools within 5km
1
avg ICSEA 976
Unemployment
5.1%

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Derrinal

No properties currently listed in Derrinal

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Frequently asked questions about Derrinal

What should I check before investing in Derrinal?

Derrinal has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong house gross rental yield of 6.3%, before expenses, tax and loan costs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Derrinal?

The median property price in Derrinal, VIC 3523 is $485K for houses.

What rental yield does Derrinal show?

The gross rental yield in Derrinal is 6.3% 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 Derrinal?

The current vacancy rate in Derrinal is 5.3%. 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 Derrinal?

Derrinal has a population of approximately 99 residents, with a median age of 60.

What schools are near Derrinal?

There are 1 school within roughly 5km of Derrinal. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Derrinal affordable to buy in?

A median house in Derrinal costs about 9.4 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 Derrinal's population growing?

The population of Derrinal has grown about 10% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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