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Lance Creek, VIC 3995
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$675,000
list-price estimate
Median Unit
$195,000
Gross Yield (units)
5.4%
1yr Growth
-
Investment snapshot for Lance Creek
Lance Creek has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Lance Creek market and investor summary
Lance Creek sits in VIC, postcode 3995. At 1.3% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.3% and a resident base that is not shrinking. Houses also take time to sell, around 173 days on market, so plan for a slower exit if you ever need one.
Living in Lance Creek: people, income and schools
Lance Creek has a resident population of roughly 143, and the area has been growing steadily, up about 14% over five years. At a median age of 52, it reads as an older, established demographic, and 92% 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 $119,000 a year (about $2,290 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). Locally, around 35% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There is 1 school within about 5km, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 143
- +14% over 5yr
- Median age
- 52 years
- Median household income
- $119,000/yr
- Households renting
- 0%
- Family households
- 91%
- Socio-economic rank
- 2/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1003
- Unemployment
- 3.5%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Lance Creek
No properties currently listed in Lance Creek
Search Lance Creek listings →Frequently asked questions about Lance Creek
What should I check before investing in Lance Creek?
Lance Creek has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.4%, giving a stronger rent-to-price starting point than many suburbs. Tight rental market (1.3% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Lance Creek?
The median property price in Lance Creek, VIC 3995 is $195K for units.
What rental yield does Lance Creek show?
The gross rental yield in Lance Creek is 5.4% 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 Lance Creek?
The current vacancy rate in Lance Creek 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 Lance Creek?
Lance Creek has a population of approximately 143 residents, with a median age of 52.
What schools are near Lance Creek?
There are 1 school within roughly 5km of Lance Creek. 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 Lance Creek's population growing?
The population of Lance Creek has grown about 14% 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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