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Flemington, VIC 3031
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,140,000
market range $1.1M-$1.2M
Median Unit
$525,000
market range $425K-$550K
Gross Yield (units)
5.2%
1yr Growth (houses)
+6.5%
market range -2.5% to +10.0%
Investment snapshot for Flemington
Flemington has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Flemington market and investor summary
Flemington (VIC 3031) runs a median house price of $1.1M. House prices have moved +6.5% over the past year and +12.1% over three years. At 2.2% vacancy, it is a broadly balanced rental market.
Living in Flemington: people, income and schools
Flemington is home to around 7,025 people, a number that has held fairly steady over five years. The median age is 34, broadly working-age, with renters making up 61% of households. That renter share gives landlords a deep tenant pool to draw on through the year.
Households here earn a median of about $79,000 a year, or roughly $1,530 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 a steep 14.4 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 26% over five years, which tends to underpin what local buyers can pay.
There are 92 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 4.9 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 77 for walkability and 98 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.
- Population
- 7,025
- +4% over 5yr
- Median age
- 34 years
- Median household income
- $79,000/yr
- Households renting
- 61%
- Family households
- 51%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 92
- avg ICSEA 1093
- Unemployment
- 8.9%
- Distance to CBD
- 4.9 km
- Walk score
- 77/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Flemington
View all →Frequently asked questions about Flemington
What should I check before investing in Flemington?
Flemington has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.2%, giving a stronger rent-to-price starting point than many suburbs. Capital growth of +6.5% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Flemington?
The median property price in Flemington, VIC 3031 is $1.1M for houses and $525K for units.
What rental yield does Flemington show?
The gross rental yield in Flemington is 5.2% 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 Flemington?
House prices in Flemington are up 6.5% over the past year and up 12.1% 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 Flemington?
The current vacancy rate in Flemington is 2.2%. 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 Flemington?
Flemington has a population of approximately 7,025 residents, with a median age of 34.
What schools are near Flemington?
There are 92 schools within roughly 5km of Flemington. 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 Flemington affordable to buy in?
A median house in Flemington costs about 14.4 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 Flemington's population growing?
The population of Flemington has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Flemington from the CBD?
Flemington is about 4.9 km from the CBD.
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