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Hernes Oak, VIC 3825
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$685,000
market range $675K-$1.1M
Median Unit
$445,000
list-price estimate
Gross Yield
-
1yr Growth
-
Investment snapshot for Hernes Oak
Hernes Oak has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Hernes Oak market and investor summary
Hernes Oak (VIC 3825) runs a median house price of $685K. At 2.4% vacancy, it is a broadly balanced rental market.
Living in Hernes Oak: people, income and schools
Hernes Oak has a resident population of roughly 365, a number that has held fairly steady over five years. The median age is 38, broadly working-age, and 99% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $98,000 a year, or roughly $1,890 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (1 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.
There are 5 schools within about 5km, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 365
- +3% over 5yr
- Median age
- 38 years
- Median household income
- $98,000/yr
- Households renting
- 4%
- Family households
- 80%
- Socio-economic rank
- 1/10
- ABS advantage index
- Schools within 5km
- 5
- avg ICSEA 972
- Unemployment
- 6.8%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Hernes Oak
No properties currently listed in Hernes Oak
Search Hernes Oak listings →Frequently asked questions about Hernes Oak
What should I check before investing in Hernes Oak?
Hernes Oak 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 Hernes Oak?
The median property price in Hernes Oak, VIC 3825 is $685K for houses.
How tight is the rental market in Hernes Oak?
The current vacancy rate in Hernes Oak is 2.4%. 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 Hernes Oak?
Hernes Oak has a population of approximately 365 residents, with a median age of 38.
What schools are near Hernes Oak?
There are 5 schools within roughly 5km of Hernes Oak. 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 Hernes Oak affordable to buy in?
A median house in Hernes Oak 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 Hernes Oak's population growing?
The population of Hernes Oak 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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