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Grangefields, VIC 3335
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$830,000
Median Unit
$685,000
list-price estimate
Gross Yield (houses)
2.8%
1yr Growth
-
Investment snapshot for Grangefields
Grangefields has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Grangefields market and investor summary
In Grangefields, VIC 3335, the median house sells for around $830K, on a gross rental yield of 2.8% for houses. At 13.9% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.8% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 13.9% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 86 days on market, so plan for a slower exit if you ever need one.
Living in Grangefields: people, income and schools
Grangefields is home to around 132 people, and the area has been growing steadily, up about 169% over five years. At a median age of 40, it reads as skewed a little older, and families account for 78% of households.
The typical household income runs to around $59,000 a year (about $1,130 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 14.2 times local household income, so affordability is a genuine constraint on local buyers.
Families have 12 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Grangefields sits about 32 km from the CBD. It is fairly car-dependent; the suburb scores 2 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 132
- +169% over 5yr
- Median age
- 40 years
- Median household income
- $59,000/yr
- Households renting
- 27%
- Family households
- 78%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 12
- avg ICSEA 1020
- Unemployment
- 5.5%
- Distance to CBD
- 32 km
- Walk score
- 2/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Grangefields
View all →Frequently asked questions about Grangefields
What should I check before investing in Grangefields?
Grangefields 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 Grangefields?
The median property price in Grangefields, VIC 3335 is $830K for houses.
What rental yield does Grangefields show?
The gross rental yield in Grangefields is 2.8% 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 Grangefields?
The current vacancy rate in Grangefields is 13.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Grangefields?
Grangefields has a population of approximately 132 residents, with a median age of 40.
What schools are near Grangefields?
There are 12 schools within roughly 5km of Grangefields. 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 Grangefields affordable to buy in?
A median house in Grangefields costs about 14.2 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 Grangefields's population growing?
The population of Grangefields has grown about 169% 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 Grangefields from the CBD?
Grangefields is about 32 km from the CBD.
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