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Lake Bunga, VIC 3909
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$725,000
list-price estimate
Median Unit
$395,000
Gross Yield (houses)
4.3%
1yr Growth (houses)
-1.0%
market range -5.0% to +22.5%
Investment snapshot for Lake Bunga
Lake Bunga has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Lake Bunga market and investor summary
In Lake Bunga, VIC 3909, houses show a gross rental yield of 4.3%. House prices have moved -1.0% over the past year and -4.0% over three years. At 2.2% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.3% is neither a standout cashflow play nor a pure growth bet. Houses also take time to sell, around 240 days on market, so plan for a slower exit if you ever need one.
Living in Lake Bunga: people, income and schools
Lake Bunga is home to around 408 people, a number that has held fairly steady over five years. At a median age of 53, it reads as an older, established demographic, and 85% 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 $57,000 a year (about $1,100 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). Locally, around 33% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 4 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 408
- +4% over 5yr
- Median age
- 53 years
- Median household income
- $57,000/yr
- Households renting
- 14%
- Family households
- 73%
- Socio-economic rank
- 2/10
- ABS advantage index
- Schools within 5km
- 4
- avg ICSEA 958
- Unemployment
- 5.8%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Lake Bunga
No properties currently listed in Lake Bunga
Search Lake Bunga listings →Frequently asked questions about Lake Bunga
What should I check before investing in Lake Bunga?
Lake Bunga has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.0%, giving a stronger rent-to-price starting point than many suburbs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Lake Bunga?
The median property price in Lake Bunga, VIC 3909 is $395K for units.
What rental yield does Lake Bunga show?
The gross rental yield in Lake Bunga is 4.3% for houses and 5.0% 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 Lake Bunga?
House prices in Lake Bunga are down 1.0% over the past year and down 4.0% 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 Lake Bunga?
The current vacancy rate in Lake Bunga is 2.2%. 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 Lake Bunga?
Lake Bunga has a population of approximately 408 residents, with a median age of 53.
What schools are near Lake Bunga?
There are 4 schools within roughly 5km of Lake Bunga. 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 Lake Bunga's population growing?
The population of Lake Bunga 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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