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Diggers Rest, VIC 3427
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$670,000
market range $625K-$750K
Median Unit
$725,000
list-price estimate
Gross Yield (houses)
4.0%
1yr Growth (houses)
+2.5%
market range +2.5% to +20.0%
Investment snapshot for Diggers Rest
Diggers Rest has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Diggers Rest market and investor summary
In Diggers Rest, VIC 3427, the median house sells for around $670K, on a gross rental yield of 4.0% for houses. House prices have moved +2.5% over the past year and -2.3% over three years. At 2.3% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.0% is neither a standout cashflow play nor a pure growth bet.
Living in Diggers Rest: people, income and schools
Diggers Rest has a resident population of roughly 5,669, and the area has been growing steadily, up about 51% over five years. At a median age of 33, it reads as broadly working-age, and 81% 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 $104,000 a year (about $1,990 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to about 6.5 times local household income, in line with much of metropolitan Australia. Incomes have risen about 30% over five years, which tends to underpin what local buyers can pay.
Families have 4 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Diggers Rest sits about 30 km from the CBD. It is fairly car-dependent; the suburb scores 6 for walkability and 69 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 5,669
- +51% over 5yr
- Median age
- 33 years
- Median household income
- $104,000/yr
- Households renting
- 19%
- Family households
- 44%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 4
- avg ICSEA 1033
- Unemployment
- 3.0%
- Distance to CBD
- 30 km
- Walk score
- 6/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Diggers Rest
View all →Frequently asked questions about Diggers Rest
What should I check before investing in Diggers Rest?
Diggers Rest has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.8% gives a usable rent-to-price starting point. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Diggers Rest?
The median property price in Diggers Rest, VIC 3427 is $670K for houses.
What rental yield does Diggers Rest show?
The gross rental yield in Diggers Rest is 4.0% for houses and 4.8% 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 Diggers Rest?
House prices in Diggers Rest are up 2.5% over the past year and down 2.3% over three years. 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 Diggers Rest?
The current vacancy rate in Diggers Rest is 2.3%. 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 Diggers Rest?
Diggers Rest has a population of approximately 5,669 residents, with a median age of 33.
What schools are near Diggers Rest?
There are 4 schools within roughly 5km of Diggers Rest. 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 Diggers Rest affordable to buy in?
A median house in Diggers Rest costs about 6.5 times the median local household income (broadly in line with metropolitan Australia). 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 Diggers Rest's population growing?
The population of Diggers Rest has grown about 51% 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 Diggers Rest from the CBD?
Diggers Rest is about 30 km from the CBD.
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