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Howes Creek, VIC 3723
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$870,000
list-price estimate
Median Unit
$725,000
list-price estimate
Gross Yield (houses)
2.7%
1yr Growth (houses)
-11.7%
market range -17.5% to -10.0%
Investment snapshot for Howes Creek
Howes Creek has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Howes Creek market and investor summary
In Howes Creek, VIC 3723, houses show a gross rental yield of 2.7%. House prices have moved -11.7% over the past year. At 13.2% 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 2.7% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 13.2% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 98 days on market, so plan for a slower exit if you ever need one.
Living in Howes Creek: people, income and schools
About 67 people live in Howes Creek, and the area has been growing steadily, up about 12% over five years. At a median age of 46, it reads as skewed a little older, and 100% 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 $72,000 a year (about $1,380 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 67
- +12% over 5yr
- Median age
- 46 years
- Median household income
- $72,000/yr
- Households renting
- 8%
- Family households
- 69%
- Socio-economic rank
- 6/10
- ABS advantage index
- Unemployment
- 2.8%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Howes Creek
No properties currently listed in Howes Creek
Search Howes Creek listings →Frequently asked questions about Howes Creek
What should I check before investing in Howes Creek?
Howes Creek 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 Howes Creek show?
The gross rental yield in Howes Creek is 2.7% for houses. 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 Howes Creek?
House prices in Howes Creek are down 11.7% 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 Howes Creek?
The current vacancy rate in Howes Creek is 13.2%. 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 Howes Creek?
Howes Creek has a population of approximately 67 residents, with a median age of 46.
Is Howes Creek's population growing?
The population of Howes Creek has grown about 12% 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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