Not sure where to invest? Take the 2-min quiz and we'll rank your top 10 suburbs.
Take the 2-min quiz12,000+ suburbs | 110k+ live listings | refreshed daily
Sign up free to save this suburb, build a shortlist, and compare against 12,000+ Australian suburbs.
See a sample suburb report before signing up or paying. | Take the 30-second product tour
Grassmere, VIC 3281
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$955,000
list-price estimate
Median Unit
$200,000
list-price estimate
Gross Yield (houses)
3.0%
1yr Growth
-
Investment snapshot for Grassmere
Grassmere has enough public data for first-pass screening across yield, vacancy, price and supply signals.
Read the full Grassmere verdict
Pros, risks, supporting metrics, investment score and cashflow. Included with Pro access.
Short-term access. No subscription. See all plans
See sample analysis before paying.
Investment score breakdown
See exactly which signals drive Grassmere - yield, growth, affordability, vacancy, livability, safety, and demographics.
Access from $20. Cancel anytime. See all plans
Secure checkout by Stripe. Cancel anytime.
Grassmere market and investor summary
In Grassmere, VIC 3281, houses show a gross rental yield of 3.0%. At 4.2% 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 3.0% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 4.2% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 105 days on market, so plan for a slower exit if you ever need one.
Living in Grassmere: people, income and schools
Grassmere has a resident population of roughly 385, a number that has held fairly steady over five years. At a median age of 42, it reads as skewed a little older, and 77% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $101,000 a year (about $1,940 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
Families have 2 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 1 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 385
- +3% over 5yr
- Median age
- 42 years
- Median household income
- $101,000/yr
- Households renting
- 15%
- Family households
- 79%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 979
- Unemployment
- 1.9%
- Walk score
- 1/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Grassmere
No properties currently listed in Grassmere
Search Grassmere listings →Frequently asked questions about Grassmere
What should I check before investing in Grassmere?
Grassmere 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 rental yield does Grassmere show?
The gross rental yield in Grassmere is 3.0% 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 Grassmere?
The current vacancy rate in Grassmere is 4.2%. 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 Grassmere?
Grassmere has a population of approximately 385 residents, with a median age of 42.
What schools are near Grassmere?
There are 2 schools within roughly 5km of Grassmere. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Grassmere's population growing?
The population of Grassmere has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
Keep researching with PropRadar
Free tools for the rest of your investment decision, no card required.
Beyond each listing
PropRadar works across your whole search: shortlists and portfolios start free, while heavier discovery, export and advisory workflows are available on paid tiers.
Portfolio tracking
Track owned properties with portfolio value, LVR, yield, cashflow and allocation rolled up in one place.
Open portfolioWatchlists and saved searches
Shortlist up to 5 properties and suburbs for free. Essentials raises the limits and adds saved search alerts.
Open watchlistDeal Finder
A live Pro browser for undervalued listings with solid yield, ranked so thin price gaps stay out of the list.
Open Deal FinderMarket Finder
Shortlist suburbs by yield, growth, vacancy, active inventory and sales depth before you inspect individual listings.
Open Market FinderStrategy tools
Hold vs Sell, Stress Tester, Strategy Recommender and Portfolio Rebalancer for decisions across several properties.
Open toolsBuilding a product on property data? Explore the PropRadar API