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Longlea, VIC 3551
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$815,000
list-price estimate
Median Unit
$815,000
Gross Yield (houses)
2.0%
1yr Growth
-
Investment snapshot for Longlea
Longlea has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Longlea market and investor summary
In Longlea, VIC 3551, houses show a gross rental yield of 2.0%. At 8.4% 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 2.0% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 8.4% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 118 days on market, so plan for a slower exit if you ever need one.
Living in Longlea: people, income and schools
About 570 people live in Longlea, and the area has been growing steadily, up about 13% over five years. The median age is 43, skewed a little older, and 91% 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 $115,000 a year, or roughly $2,200 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 17% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 570
- +13% over 5yr
- Median age
- 43 years
- Median household income
- $115,000/yr
- Households renting
- 5%
- Family households
- 85%
- 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 Longlea
View all →Frequently asked questions about Longlea
What should I check before investing in Longlea?
Longlea 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 are typical property prices in Longlea?
The median property price in Longlea, VIC 3551 is $815K for units.
What rental yield does Longlea show?
The gross rental yield in Longlea is 2.0% for houses and 3.3% 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 Longlea?
The current vacancy rate in Longlea is 8.4%. 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 Longlea?
Longlea has a population of approximately 570 residents, with a median age of 43.
Is Longlea's population growing?
The population of Longlea has grown about 13% 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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