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Fawkner, VIC 3060

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

Data updated

Tight Rental MarketStrong Growth

Median House

$850,000

market range $825K-$900K

Median Unit

$650,000

market range $550K-$675K

Gross Yield (houses)

3.6%

1yr Growth (houses)

+6.8%

market range +0.0% to +17.5%

Investment snapshot for Fawkner

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

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Fawkner market and investor summary

In Fawkner, VIC 3060, the median house sells for around $850K, on a gross rental yield of 3.6% for houses. House prices have moved +6.8% over the past year. At 1.0% 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 3.6% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.0% and a resident base that is not shrinking.

Living in Fawkner: people, income and schools

Fawkner has a resident population of roughly 14,274, a number that has held fairly steady over five years. At a median age of 35, it reads as broadly working-age, and families account for 71% of households.

The typical household income runs to around $74,000 a year (about $1,430 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to a steep 11.4 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 38% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.

Families have 75 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Fawkner sits about 11 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 57 for walkability and 70 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.

Population
14,274
+2% over 5yr
Median age
35 years
Median household income
$74,000/yr
Households renting
31%
Family households
71%
Socio-economic rank
2/10
ABS advantage index
Schools within 5km
75
avg ICSEA 1043
Unemployment
5.9%
Distance to CBD
11 km
Walk score
57/100

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

Properties in Fawkner

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Frequently asked questions about Fawkner

What should I check before investing in Fawkner?

Fawkner has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +6.8% in the past year shows positive recent price momentum. Tight rental market (1.0% 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 Fawkner?

The median property price in Fawkner, VIC 3060 is $850K for houses and $650K for units.

What rental yield does Fawkner show?

The gross rental yield in Fawkner is 3.6% for houses. 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 Fawkner?

House prices in Fawkner are up 6.8% over the past year. 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 Fawkner?

The current vacancy rate in Fawkner is 1.0%. 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 Fawkner?

Fawkner has a population of approximately 14,274 residents, with a median age of 35.

What schools are near Fawkner?

There are 75 schools within roughly 5km of Fawkner. 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 Fawkner affordable to buy in?

A median house in Fawkner costs about 11.4 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 Fawkner's population growing?

The population of Fawkner has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Fawkner from the CBD?

Fawkner is about 11 km from the CBD.

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