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Harkness, VIC 3337
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$635,000
market range $600K-$675K
Median Unit
$440,000
market range $375K-$500K
Gross Yield (houses)
3.7%
1yr Growth (houses)
+10.9%
market range +2.5% to +20.0%
Investment snapshot for Harkness
Harkness has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Harkness market and investor summary
In Harkness, VIC 3337, the median house sells for around $635K, on a gross rental yield of 3.7% for houses. House prices have moved +10.9% over the past year. At 3.2% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.7% is neither a standout cashflow play nor a pure growth bet.
Living in Harkness: people, income and schools
Harkness is home to around 12,463 people, a number that has held fairly steady over five years. At a median age of 35, it reads as broadly working-age, and 71% of homes are owner-occupied.
The typical household income runs to around $91,000 a year (about $1,750 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to about 7.0 times local household income, in line with much of metropolitan Australia. Incomes have risen about 15% over five years, which tends to underpin what local buyers can pay.
Families have 20 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Harkness sits about 40 km from the CBD. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 12,463
- +4% over 5yr
- Median age
- 35 years
- Median household income
- $91,000/yr
- Households renting
- 28%
- Family households
- 81%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 20
- avg ICSEA 1000
- Unemployment
- 8.9%
- Distance to CBD
- 40 km
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Harkness
View all →Frequently asked questions about Harkness
What should I check before investing in Harkness?
Harkness has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.8% gives a usable rent-to-price starting point. Capital growth of +10.9% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Harkness?
The median property price in Harkness, VIC 3337 is $635K for houses and $440K for units.
What rental yield does Harkness show?
The gross rental yield in Harkness is 3.7% for houses and 4.8% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Harkness?
House prices in Harkness are up 10.9% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Harkness?
The current vacancy rate in Harkness is 3.2%. 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 Harkness?
Harkness has a population of approximately 12,463 residents, with a median age of 35.
What schools are near Harkness?
There are 20 schools within roughly 5km of Harkness. 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 Harkness affordable to buy in?
A median house in Harkness costs about 7.0 times the median local household income (broadly in line with metropolitan Australia). 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 Harkness's population growing?
The population of Harkness has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Harkness from the CBD?
Harkness is about 40 km from the CBD.
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