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Lemnos, VIC 3631
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$750,000
list-price estimate
Median Unit
$375,000
Gross Yield (houses)
6.8%
1yr Growth
-
Investment snapshot for Lemnos
Lemnos has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Lemnos market and investor summary
In Lemnos, VIC 3631, houses show a gross rental yield of 6.8%. At 1.3% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 6.8% does more of the early heavy lifting than capital growth usually would at this price point. Rental demand looks steady, with vacancy at 1.3% and a resident base that is not shrinking. Houses also take time to sell, around 64 days on market, so plan for a slower exit if you ever need one.
Living in Lemnos: people, income and schools
About 251 people live in Lemnos, and the area has been growing steadily, up about 8% over five years. At a median age of 46, it reads as skewed a little older, and 80% 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 $77,000 a year (about $1,480 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). Incomes have risen about 15% over five years, which tends to underpin what local buyers can pay.
Families have 3 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 251
- +8% over 5yr
- Median age
- 46 years
- Median household income
- $77,000/yr
- Households renting
- 19%
- Family households
- 89%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 3
- avg ICSEA 1041
- Unemployment
- 3.2%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Lemnos
No properties currently listed in Lemnos
Search Lemnos listings →Frequently asked questions about Lemnos
What should I check before investing in Lemnos?
Lemnos has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong house gross rental yield of 6.8%, before expenses, tax and loan costs. 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 Lemnos?
The median property price in Lemnos, VIC 3631 is $375K for units.
What rental yield does Lemnos show?
The gross rental yield in Lemnos is 6.8% for houses and 6.6% 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 Lemnos?
The current vacancy rate in Lemnos 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 Lemnos?
Lemnos has a population of approximately 251 residents, with a median age of 46.
What schools are near Lemnos?
There are 3 schools within roughly 5km of Lemnos. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Lemnos's population growing?
The population of Lemnos has grown about 8% 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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