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Emerald, VIC 3782
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$980,000
market range $900K-$1.1M
Median Unit
$685,000
list-price estimate
Gross Yield (houses)
3.4%
1yr Growth (houses)
+2.0%
market range -2.5% to +10.0%
Investment snapshot for Emerald
Emerald has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Emerald market and investor summary
Emerald (VIC 3782) runs a median house price of $980K, with houses yielding a gross 3.4%. House prices have moved +2.0% over the past year and +7.0% over three years. At 1.9% 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 3.4% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.9% and a resident base that is not shrinking.
Living in Emerald: people, income and schools
Emerald is home to around 5,890 people, a number that has held fairly steady over five years. The median age is 43, 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 $110,000 a year, or roughly $2,120 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to about 8.9 times local household income, in line with much of metropolitan Australia. Incomes have risen about 21% over five years, which tends to underpin what local buyers can pay.
There are 5 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 44 km from the CBD. It is fairly car-dependent; the suburb scores 29 for walkability and 22 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 5,890
- +1% over 5yr
- Median age
- 43 years
- Median household income
- $110,000/yr
- Households renting
- 10%
- Family households
- 54%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 5
- avg ICSEA 1028
- Unemployment
- 2.3%
- Distance to CBD
- 44 km
- Walk score
- 29/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Emerald
View all →Frequently asked questions about Emerald
What should I check before investing in Emerald?
Emerald has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.9% 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 Emerald?
The median property price in Emerald, VIC 3782 is $980K for houses.
What rental yield does Emerald show?
The gross rental yield in Emerald is 3.4% for houses and 4.0% 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 Emerald?
House prices in Emerald are up 2.0% over the past year and up 7.0% 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 Emerald?
The current vacancy rate in Emerald is 1.9%. 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 Emerald?
Emerald has a population of approximately 5,890 residents, with a median age of 43.
What schools are near Emerald?
There are 5 schools within roughly 5km of Emerald. 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 Emerald affordable to buy in?
A median house in Emerald costs about 8.9 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 Emerald's population growing?
The population of Emerald has grown modestly, about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Emerald from the CBD?
Emerald is about 44 km from the CBD.
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