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Freshwater Creek, VIC 3217
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,480,000
market range $1.8M-$2.5M
Median Unit
$820,000
Gross Yield (units)
2.4%
1yr Growth
-
Investment snapshot for Freshwater Creek
Freshwater Creek has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Freshwater Creek market and investor summary
Freshwater Creek (VIC 3217) runs a median house price of $2.5M. At 2.0% vacancy, it is a broadly balanced rental market.
Houses also take time to sell, around 108 days on market, so plan for a slower exit if you ever need one.
Living in Freshwater Creek: people, income and schools
Freshwater Creek is home to around 454 people, and the area has been growing steadily, up about 38% over five years. The median age is 45, skewed a little older, and 82% 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 $109,000 a year, or roughly $2,090 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 22.9 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 18% over five years, which tends to underpin what local buyers can pay.
There are 2 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 78 km from the CBD. It is fairly car-dependent; the suburb scores 8 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 454
- +38% over 5yr
- Median age
- 45 years
- Median household income
- $109,000/yr
- Households renting
- 14%
- Family households
- 83%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 1058
- Unemployment
- 2.7%
- Distance to CBD
- 78 km
- Walk score
- 8/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Freshwater Creek
View all →Frequently asked questions about Freshwater Creek
What should I check before investing in Freshwater Creek?
Freshwater Creek has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Freshwater Creek?
The median property price in Freshwater Creek, VIC 3217 is $2.5M for houses and $820K for units.
What rental yield does Freshwater Creek show?
The gross rental yield in Freshwater Creek is 2.4% for units. 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 Freshwater Creek?
The current vacancy rate in Freshwater Creek is 2.0%. 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 Freshwater Creek?
Freshwater Creek has a population of approximately 454 residents, with a median age of 45.
What schools are near Freshwater Creek?
There are 2 schools within roughly 5km of Freshwater Creek. 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 Freshwater Creek affordable to buy in?
A median house in Freshwater Creek costs about 22.9 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 Freshwater Creek's population growing?
The population of Freshwater Creek has grown about 38% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Freshwater Creek from the CBD?
Freshwater Creek is about 78 km from the CBD.
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