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Driffield, VIC 3840
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$625,000
list-price estimate
Median Unit
$945,000
Gross Yield (houses)
2.0%
1yr Growth
-
Investment snapshot for Driffield
Driffield has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Driffield market and investor summary
In Driffield, VIC 3840, houses show a gross rental yield of 2.0%. At 2.6% vacancy, it is a broadly balanced rental market.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.0% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 101 days on market, so plan for a slower exit if you ever need one.
Living in Driffield: people, income and schools
Driffield has a resident population of roughly 101, a number that has held fairly steady over five years. The median age is 40, skewed a little older, 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 $98,000 a year, or roughly $1,880 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 out of 10).
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 101
- +2% over 5yr
- Median age
- 40 years
- Median household income
- $98,000/yr
- Households renting
- 14%
- Family households
- 89%
- Socio-economic rank
- 1/10
- ABS advantage index
- Unemployment
- 11.5%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Driffield
No properties currently listed in Driffield
Search Driffield listings →Frequently asked questions about Driffield
What should I check before investing in Driffield?
Driffield has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Driffield?
The median property price in Driffield, VIC 3840 is $945K for units.
What rental yield does Driffield show?
The gross rental yield in Driffield is 2.0% 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 Driffield?
The current vacancy rate in Driffield is 2.6%. 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 Driffield?
Driffield has a population of approximately 101 residents, with a median age of 40.
Is Driffield's population growing?
The population of Driffield 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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