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Junction Village, VIC 3977
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$760,000
market range $725K-$850K
Median Unit
$600,000
list-price estimate
Gross Yield (units)
4.9%
1yr Growth (houses)
+13.6%
market range +2.5% to +20.0%
Investment snapshot for Junction Village
Junction Village has enough public data for first-pass screening across yield, vacancy, price and supply signals.
Read the full Junction Village verdict
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Junction Village market and investor summary
Junction Village (VIC 3977) runs a median house price of $760K. House prices have moved +13.6% over the past year. At 3.8% vacancy, it is a softer rental market with more choice for tenants.
Demand is softer at 3.8% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Junction Village: people, income and schools
About 1,051 people live in Junction Village, and the area has been growing steadily, up about 16% over five years. The median age is 54, an older, established demographic, and 73% 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 $56,000 a year, or roughly $1,080 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 13.5 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 22% over five years, which tends to underpin what local buyers can pay.
There are 24 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 46 km from the CBD. It is fairly car-dependent; the suburb scores 16 for walkability and 3 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 1,051
- +16% over 5yr
- Median age
- 54 years
- Median household income
- $56,000/yr
- Households renting
- 14%
- Family households
- 59%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 24
- avg ICSEA 1054
- Unemployment
- 5.7%
- Distance to CBD
- 46 km
- Walk score
- 16/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Junction Village
View all →Frequently asked questions about Junction Village
What should I check before investing in Junction Village?
Junction Village has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.9% gives a usable rent-to-price starting point. Capital growth of +13.6% 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 Junction Village?
The median property price in Junction Village, VIC 3977 is $760K for houses.
What rental yield does Junction Village show?
The gross rental yield in Junction Village is 4.9% 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 Junction Village?
House prices in Junction Village are up 13.6% 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 Junction Village?
The current vacancy rate in Junction Village is 3.8%. 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 Junction Village?
Junction Village has a population of approximately 1,051 residents, with a median age of 54.
What schools are near Junction Village?
There are 24 schools within roughly 5km of Junction Village. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Junction Village affordable to buy in?
A median house in Junction Village costs about 13.5 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 Junction Village's population growing?
The population of Junction Village has grown about 16% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Junction Village from the CBD?
Junction Village is about 46 km from the CBD.
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