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Hazel Park, VIC 3966
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$990,000
Median Unit
$240,000
list-price estimate
Gross Yield (houses)
1.8%
1yr Growth
-
Investment snapshot for Hazel Park
Hazel Park has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Hazel Park market and investor summary
Hazel Park (VIC 3966) runs a median house price of $990K, with houses yielding a gross 1.8%. At 3.0% vacancy, it is a broadly balanced rental market.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 1.8% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Hazel Park: people, income and schools
Hazel Park has a resident population of roughly 55, a number that has held fairly steady over five years. The median age is 56, an older, established demographic, and families account for 57% of households.
Households here earn a median of about $51,000 a year, or roughly $990 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 19.3 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 31% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 55
- +3% over 5yr
- Median age
- 56 years
- Median household income
- $51,000/yr
- Households renting
- 13%
- Family households
- 57%
- Socio-economic rank
- 4/10
- ABS advantage index
- Unemployment
- 3.0%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Hazel Park
No properties currently listed in Hazel Park
Search Hazel Park listings →Frequently asked questions about Hazel Park
What should I check before investing in Hazel Park?
Hazel Park 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 Hazel Park?
The median property price in Hazel Park, VIC 3966 is $990K for houses.
What rental yield does Hazel Park show?
The gross rental yield in Hazel Park is 1.8% 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 Hazel Park?
The current vacancy rate in Hazel Park is 3.0%. 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 Hazel Park?
Hazel Park has a population of approximately 55 residents, with a median age of 56.
Is Hazel Park affordable to buy in?
A median house in Hazel Park costs about 19.3 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 Hazel Park's population growing?
The population of Hazel Park has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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