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Ercildoune, VIC 3352

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

Data updated

Tight Rental Market

Median House

$645,000

Median Unit

$555,000

list-price estimate

Gross Yield (houses)

4.0%

1yr Growth

-

Investment snapshot for Ercildoune

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

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Ercildoune market and investor summary

In Ercildoune, VIC 3352, the median house sells for around $645K, on a gross rental yield of 4.0% for houses. At 1.7% vacancy, it is a tight rental market that favours landlords.

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. Rental demand looks steady, with vacancy at 1.7% and a resident base that is not shrinking.

Living in Ercildoune: people, income and schools

Ercildoune has a resident population of roughly 90, and the area has been growing steadily, up about 12% over five years. At a median age of 43, it reads as skewed a little older, and 77% 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 $97,000 a year (about $1,860 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to about 6.7 times local household income, in line with much of metropolitan Australia. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.

Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
90
+12% over 5yr
Median age
43 years
Median household income
$97,000/yr
Households renting
23%
Family households
61%
Socio-economic rank
7/10
ABS advantage index
Unemployment
4.2%

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

Properties in Ercildoune

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Frequently asked questions about Ercildoune

What should I check before investing in Ercildoune?

Ercildoune has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.0% gives a usable rent-to-price starting point. Tight rental market (1.7% 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 Ercildoune?

The median property price in Ercildoune, VIC 3352 is $645K for houses.

What rental yield does Ercildoune show?

The gross rental yield in Ercildoune is 4.0% 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 Ercildoune?

The current vacancy rate in Ercildoune is 1.7%. 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 Ercildoune?

Ercildoune has a population of approximately 90 residents, with a median age of 43.

Is Ercildoune affordable to buy in?

A median house in Ercildoune costs about 6.7 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 Ercildoune's population growing?

The population of Ercildoune has grown about 12% 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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