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Leonards Hill, VIC 3461
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$925,000
list-price estimate
Median Unit
$465,000
list-price estimate
Gross Yield (houses)
3.1%
1yr Growth
-
Investment snapshot for Leonards Hill
Leonards Hill has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Leonards Hill market and investor summary
In Leonards Hill, VIC 3461, houses show a gross rental yield of 3.1%. At 3.4% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.1% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 88 days on market, so plan for a slower exit if you ever need one.
Living in Leonards Hill: people, income and schools
About 47 people live in Leonards Hill, and the area has been growing steadily, up about 6% over five years. At a median age of 45, it reads as skewed a little older, and 78% 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 $56,000 a year (about $1,080 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). Incomes have risen about 32% over five years, which tends to underpin what local buyers can pay.
- Population
- 47
- +6% over 5yr
- Median age
- 45 years
- Median household income
- $56,000/yr
- Households renting
- 22%
- Family households
- 55%
- Socio-economic rank
- 6/10
- ABS advantage index
- Unemployment
- 2.5%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Leonards Hill
View all →Frequently asked questions about Leonards Hill
What should I check before investing in Leonards Hill?
Leonards Hill has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What rental yield does Leonards Hill show?
The gross rental yield in Leonards Hill is 3.1% for houses. 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 Leonards Hill?
The current vacancy rate in Leonards Hill is 3.4%. 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 Leonards Hill?
Leonards Hill has a population of approximately 47 residents, with a median age of 45.
Is Leonards Hill's population growing?
The population of Leonards Hill has grown about 6% 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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