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Leopold, VIC 3224
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$720,000
market range $675K-$750K
Median Unit
$520,000
market range $475K-$550K
Gross Yield (houses)
4.0%
1yr Growth (houses)
+8.7%
market range +5.0% to +12.5%
Investment snapshot for Leopold
Leopold has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Leopold market and investor summary
Leopold (VIC 3224) runs a median house price of $720K, with houses yielding a gross 4.0%. House prices have moved +8.7% over the past year and +4.0% over three years. At 1.2% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.0% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.2% and a resident base that is not shrinking.
Living in Leopold: people, income and schools
Leopold is home to around 13,272 people, a number that has held fairly steady over five years. The median age is 41, skewed a little older, and 79% 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 $83,000 a year, or roughly $1,590 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to about 8.7 times local household income, in line with much of metropolitan Australia. Incomes have risen about 13% over five years, which tends to underpin what local buyers can pay.
There are 3 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 60 km from the CBD. It is fairly car-dependent; the suburb scores 15 for walkability and 23 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 13,272
- +4% over 5yr
- Median age
- 41 years
- Median household income
- $83,000/yr
- Households renting
- 18%
- Family households
- 74%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 3
- avg ICSEA 1010
- Unemployment
- 4.1%
- Distance to CBD
- 60 km
- Walk score
- 15/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Leopold
View all →Frequently asked questions about Leopold
What should I check before investing in Leopold?
Leopold has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.7% gives a usable rent-to-price starting point. Capital growth of +8.7% 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 Leopold?
The median property price in Leopold, VIC 3224 is $720K for houses and $520K for units.
What rental yield does Leopold show?
The gross rental yield in Leopold is 4.0% for houses and 4.7% 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 Leopold?
House prices in Leopold are up 8.7% over the past year and up 4.0% over three years. 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 Leopold?
The current vacancy rate in Leopold is 1.2%. 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 Leopold?
Leopold has a population of approximately 13,272 residents, with a median age of 41.
What schools are near Leopold?
There are 3 schools within roughly 5km of Leopold. 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 Leopold affordable to buy in?
A median house in Leopold costs about 8.7 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 Leopold's population growing?
The population of Leopold has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Leopold from the CBD?
Leopold is about 60 km from the CBD.
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