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Lucas, VIC 3350
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$645,000
market range $625K-$700K
Median Unit
$375,000
Gross Yield (houses)
3.9%
1yr Growth (houses)
+4.0%
market range +0.0% to +7.5%
Investment snapshot for Lucas
Lucas has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Lucas market and investor summary
In Lucas, VIC 3350, the median house sells for around $645K, on a gross rental yield of 3.9% for houses. House prices have moved +4.0% over the past year and +0.8% over three years. At 0.8% 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 3.9% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.8% and a resident base that is not shrinking. Houses also take time to sell, around 134 days on market, so plan for a slower exit if you ever need one.
Living in Lucas: people, income and schools
Lucas is home to around 2,994 people, and the area has been growing steadily, up about 10% over five years. At a median age of 32, it reads as broadly working-age, and families account for 75% of households.
The typical household income runs to around $102,000 a year (about $1,960 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 6.3 times local household income, in line with much of metropolitan Australia. Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
Families have 18 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. It is fairly car-dependent; the suburb scores 45 for walkability and 1 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 2,994
- +10% over 5yr
- Median age
- 32 years
- Median household income
- $102,000/yr
- Households renting
- 34%
- Family households
- 75%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 18
- avg ICSEA 1055
- Unemployment
- 3.1%
- Walk score
- 45/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Lucas
View all →Frequently asked questions about Lucas
What should I check before investing in Lucas?
Lucas has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.3%, giving a stronger rent-to-price starting point than many suburbs. Capital growth of +4.0% in the past year shows positive 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 Lucas?
The median property price in Lucas, VIC 3350 is $645K for houses and $375K for units.
What rental yield does Lucas show?
The gross rental yield in Lucas is 3.9% for houses and 5.3% 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 Lucas?
House prices in Lucas are up 4.0% over the past year and up 0.8% 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 Lucas?
The current vacancy rate in Lucas is 0.8%. 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 Lucas?
Lucas has a population of approximately 2,994 residents, with a median age of 32.
What schools are near Lucas?
There are 18 schools within roughly 5km of Lucas. 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 Lucas affordable to buy in?
A median house in Lucas costs about 6.3 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 Lucas's population growing?
The population of Lucas has grown about 10% 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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