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Leneva, VIC 3691
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$740,000
market range $700K-$775K
Median Unit
$555,000
Gross Yield (houses)
4.5%
1yr Growth (houses)
+12.7%
market range +5.0% to +22.5%
Investment snapshot for Leneva
Leneva has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Leneva market and investor summary
Leneva (VIC 3691) runs a median house price of $740K, with houses yielding a gross 4.5%. House prices have moved +12.7% over the past year. At 4.6% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.5% is neither a standout cashflow play nor a pure growth bet. Demand is softer at 4.6% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 80 days on market, so plan for a slower exit if you ever need one.
Living in Leneva: people, income and schools
About 1,317 people live in Leneva, and the area has been growing steadily, up about 16% over five years. The median age is 33, broadly working-age, and 84% 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 $120,000 a year, or roughly $2,310 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to about 6.2 times local household income, in line with much of metropolitan Australia. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 1,317
- +16% over 5yr
- Median age
- 33 years
- Median household income
- $120,000/yr
- Households renting
- 16%
- Family households
- 84%
- Socio-economic rank
- 8/10
- ABS advantage index
- Unemployment
- 2.4%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Leneva
No properties currently listed in Leneva
Search Leneva listings →Frequently asked questions about Leneva
What should I check before investing in Leneva?
Leneva has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.5% gives a usable rent-to-price starting point. Capital growth of +12.7% in the past year shows strong 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 Leneva?
The median property price in Leneva, VIC 3691 is $740K for houses and $555K for units.
What rental yield does Leneva show?
The gross rental yield in Leneva is 4.5% for houses and 3.0% 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 Leneva?
House prices in Leneva are up 12.7% 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 Leneva?
The current vacancy rate in Leneva is 4.6%. 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 Leneva?
Leneva has a population of approximately 1,317 residents, with a median age of 33.
Is Leneva affordable to buy in?
A median house in Leneva costs about 6.2 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 Leneva's population growing?
The population of Leneva has grown about 16% 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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