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Kangaroo Flat, VIC 3555
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$610,000
market range $575K-$650K
Median Unit
$415,000
market range $375K-$450K
Gross Yield (houses)
4.6%
1yr Growth (houses)
+11.5%
market range +7.5% to +15.0%
Investment snapshot for Kangaroo Flat
Kangaroo Flat has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Kangaroo Flat market and investor summary
In Kangaroo Flat, VIC 3555, the median house sells for around $610K, on a gross rental yield of 4.6% for houses. House prices have moved +11.5% over the past year and +20.0% over three years. At 1.3% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.6% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.3% and a resident base that is not shrinking.
Living in Kangaroo Flat: people, income and schools
About 11,328 people live in Kangaroo Flat, a number that has held fairly steady over five years. At a median age of 44, it reads as skewed a little older, and families account for 62% of households.
The typical household income runs to around $59,000 a year (about $1,140 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to a steep 10.3 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 15% over five years, which tends to underpin what local buyers can pay.
Families have 11 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 20 for walkability and 13 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 11,328
- +2% over 5yr
- Median age
- 44 years
- Median household income
- $59,000/yr
- Households renting
- 28%
- Family households
- 62%
- Socio-economic rank
- 2/10
- ABS advantage index
- Schools within 5km
- 11
- avg ICSEA 998
- Unemployment
- 5.0%
- Walk score
- 20/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Kangaroo Flat
View all →Frequently asked questions about Kangaroo Flat
What should I check before investing in Kangaroo Flat?
Kangaroo Flat has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.2%, giving a stronger rent-to-price starting point than many suburbs. Capital growth of +11.5% 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 Kangaroo Flat?
The median property price in Kangaroo Flat, VIC 3555 is $610K for houses and $415K for units.
What rental yield does Kangaroo Flat show?
The gross rental yield in Kangaroo Flat is 4.6% for houses and 5.2% 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 Kangaroo Flat?
House prices in Kangaroo Flat are up 11.5% over the past year and up 20.0% over three years. 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 Kangaroo Flat?
The current vacancy rate in Kangaroo Flat is 1.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Kangaroo Flat?
Kangaroo Flat has a population of approximately 11,328 residents, with a median age of 44.
What schools are near Kangaroo Flat?
There are 11 schools within roughly 5km of Kangaroo Flat. 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 Kangaroo Flat affordable to buy in?
A median house in Kangaroo Flat costs about 10.3 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 Kangaroo Flat's population growing?
The population of Kangaroo Flat has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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