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Grand Ridge, VIC 3962
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$445,000
Median Unit
$160,000
list-price estimate
Gross Yield (houses)
4.7%
1yr Growth
-
Investment snapshot for Grand Ridge
Grand Ridge has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Grand Ridge market and investor summary
In Grand Ridge, VIC 3962, the median house sells for around $445K, on a gross rental yield of 4.7% for houses. At 0.8% 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 4.7% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.8% and a resident base that is not shrinking. Houses also take time to sell, around 72 days on market, so plan for a slower exit if you ever need one.
Living in Grand Ridge: people, income and schools
About 10 people live in Grand Ridge, a number that has held fairly steady over five years. At a median age of 54, it reads as an older, established demographic, and families account for 63% of households.
The typical household income runs to around $49,000 a year (about $940 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 9.1 times local household income, so affordability is a genuine constraint on local buyers.
- Population
- 10
- +4% over 5yr
- Median age
- 54 years
- Median household income
- $49,000/yr
- Households renting
- 18%
- Family households
- 63%
- Socio-economic rank
- 2/10
- ABS advantage index
- Unemployment
- 2.9%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Grand Ridge
No properties currently listed in Grand Ridge
Search Grand Ridge listings →Frequently asked questions about Grand Ridge
What should I check before investing in Grand Ridge?
Grand Ridge has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.7% gives a usable rent-to-price starting point. Tight rental market (0.8% 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 Grand Ridge?
The median property price in Grand Ridge, VIC 3962 is $445K for houses.
What rental yield does Grand Ridge show?
The gross rental yield in Grand Ridge is 4.7% 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 Grand Ridge?
The current vacancy rate in Grand Ridge is 0.8%. 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 Grand Ridge?
Grand Ridge has a population of approximately 10 residents, with a median age of 54.
Is Grand Ridge affordable to buy in?
A median house in Grand Ridge costs about 9.1 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 Grand Ridge's population growing?
The population of Grand Ridge has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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