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Lancefield, VIC 3435
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$760,000
market range $675K-$900K
Median Unit
$500,000
Gross Yield (houses)
4.2%
1yr Growth (houses)
+6.3%
market range -5.0% to +22.5%
Investment snapshot for Lancefield
Lancefield has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Lancefield market and investor summary
Lancefield (VIC 3435) runs a median house price of $760K, with houses yielding a gross 4.2%. House prices have moved +6.3% over the past year. At 2.6% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.2% is neither a standout cashflow play nor a pure growth bet. Houses also take time to sell, around 76 days on market, so plan for a slower exit if you ever need one.
Living in Lancefield: people, income and schools
Lancefield is home to around 2,743 people, and the area has been growing steadily, up about 9% over five years. The median age is 41, skewed a little older, 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.
Households here earn a median of about $96,000 a year, or roughly $1,840 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to about 8.0 times local household income, in line with much of metropolitan Australia. Incomes have risen about 18% over five years, which tends to underpin what local buyers can pay.
There are 2 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 63 km from the CBD. It is fairly car-dependent; the suburb scores 1 for walkability and 2 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 2,743
- +9% over 5yr
- Median age
- 41 years
- Median household income
- $96,000/yr
- Households renting
- 11%
- Family households
- 78%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 1018
- Unemployment
- 1.9%
- Distance to CBD
- 63 km
- Walk score
- 1/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Lancefield
No properties currently listed in Lancefield
Search Lancefield listings →Frequently asked questions about Lancefield
What should I check before investing in Lancefield?
Lancefield has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.2% gives a usable rent-to-price starting point. Capital growth of +6.3% in the past year shows positive 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 Lancefield?
The median property price in Lancefield, VIC 3435 is $760K for houses and $500K for units.
What rental yield does Lancefield show?
The gross rental yield in Lancefield is 4.2% for houses and 2.3% 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 Lancefield?
House prices in Lancefield are up 6.3% 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 Lancefield?
The current vacancy rate in Lancefield is 2.6%. 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 Lancefield?
Lancefield has a population of approximately 2,743 residents, with a median age of 41.
What schools are near Lancefield?
There are 2 schools within roughly 5km of Lancefield. 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 Lancefield affordable to buy in?
A median house in Lancefield costs about 8.0 times the median local household income (broadly in line with metropolitan Australia). 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 Lancefield's population growing?
The population of Lancefield has grown about 9% 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 Lancefield from the CBD?
Lancefield is about 63 km from the CBD.
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