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Happy Valley, VIC 3351
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$445,000
Median Unit
$50,000
Gross Yield (houses)
6.6%
1yr Growth
-
Investment snapshot for Happy Valley
Happy Valley has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Happy Valley market and investor summary
In Happy Valley, VIC 3351, the median house sells for around $445K, on a gross rental yield of 6.6% for houses. At 2.7% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 6.6% does more of the early heavy lifting than capital growth usually would at this price point.
Living in Happy Valley: people, income and schools
Happy Valley has a resident population of roughly 162, and the area has been growing steadily, up about 9% over five years. At a median age of 45, it reads as skewed a little older, and families account for 79% of households.
The typical household income runs to around $88,000 a year (about $1,680 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to roughly 5.1 times local household income, leaving more headroom than most capital-city markets. Incomes have risen about 22% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 162
- +9% over 5yr
- Median age
- 45 years
- Median household income
- $88,000/yr
- Households renting
- 6%
- Family households
- 79%
- Socio-economic rank
- 5/10
- ABS advantage index
- Unemployment
- 3.1%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Happy Valley
No properties currently listed in Happy Valley
Search Happy Valley listings →Frequently asked questions about Happy Valley
What should I check before investing in Happy Valley?
Happy Valley has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 8.1%, before expenses, tax and loan costs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Happy Valley?
The median property price in Happy Valley, VIC 3351 is $445K for houses and $50K for units.
What rental yield does Happy Valley show?
The gross rental yield in Happy Valley is 6.6% for houses and 8.1% 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 Happy Valley?
The current vacancy rate in Happy Valley is 2.7%. 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 Happy Valley?
Happy Valley has a population of approximately 162 residents, with a median age of 45.
Is Happy Valley affordable to buy in?
A median house in Happy Valley costs about 5.1 times the median local household income (more affordable than most capital-city markets). 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 Happy Valley's population growing?
The population of Happy Valley has grown about 9% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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