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Killarney, VIC 3283
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$705,000
list-price estimate
Median Unit
$550,000
Gross Yield (houses)
3.0%
1yr Growth
-
Investment snapshot for Killarney
Killarney has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Killarney market and investor summary
In Killarney, VIC 3283, houses show a gross rental yield of 3.0%. At 5.8% 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 3.0% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 5.8% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 147 days on market, so plan for a slower exit if you ever need one.
Living in Killarney: people, income and schools
Killarney is home to around 195 people, a number that has held fairly steady over five years. At a median age of 50, it reads as an older, established demographic, and 87% 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 $108,000 a year (about $2,070 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). 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
- 195
- +4% over 5yr
- Median age
- 50 years
- Median household income
- $108,000/yr
- Households renting
- 7%
- Family households
- 79%
- Socio-economic rank
- 7/10
- ABS advantage index
- Unemployment
- 1.5%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Killarney
No properties currently listed in Killarney
Search Killarney listings →Frequently asked questions about Killarney
What should I check before investing in Killarney?
Killarney 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 Killarney?
The median property price in Killarney, VIC 3283 is $550K for units.
What rental yield does Killarney show?
The gross rental yield in Killarney is 3.0% for houses and 1.7% for units. 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 Killarney?
The current vacancy rate in Killarney is 5.8%. 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 Killarney?
Killarney has a population of approximately 195 residents, with a median age of 50.
Is Killarney's population growing?
The population of Killarney has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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