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Faraday, VIC 3451
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$915,000
list-price estimate
Median Unit
$465,000
list-price estimate
Gross Yield (houses)
2.1%
1yr Growth
-
Investment snapshot for Faraday
Faraday has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Faraday market and investor summary
In Faraday, VIC 3451, houses show a gross rental yield of 2.1%. At 1.2% 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 2.1% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.2% and a resident base that is not shrinking. Houses also take time to sell, around 143 days on market, so plan for a slower exit if you ever need one.
Living in Faraday: people, income and schools
Faraday has a resident population of roughly 194, a number that has held fairly steady over five years. At a median age of 50, it reads as an older, established demographic, and 85% 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 $70,000 a year (about $1,340 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 194
- +5% over 5yr
- Median age
- 50 years
- Median household income
- $70,000/yr
- Households renting
- 11%
- Family households
- 72%
- Socio-economic rank
- 5/10
- ABS advantage index
- Unemployment
- 3.1%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Faraday
View all →Frequently asked questions about Faraday
What should I check before investing in Faraday?
Faraday has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.2% 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 rental yield does Faraday show?
The gross rental yield in Faraday is 2.1% 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 Faraday?
The current vacancy rate in Faraday is 1.2%. 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 Faraday?
Faraday has a population of approximately 194 residents, with a median age of 50.
Is Faraday's population growing?
The population of Faraday has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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