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Magpie, VIC 3352
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$745,000
list-price estimate
Median Unit
$495,000
Gross Yield (houses)
2.7%
1yr Growth
-
Investment snapshot for Magpie
Magpie has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Magpie market and investor summary
In Magpie, VIC 3352, houses show a gross rental yield of 2.7%. At 1.6% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.7% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.6% and a resident base that is not shrinking. Houses also take time to sell, around 122 days on market, so plan for a slower exit if you ever need one.
Living in Magpie: people, income and schools
About 368 people live in Magpie, and the area has been growing steadily, up about 12% over five years. The median age is 48, skewed a little older, and 90% 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 $109,000 a year, or roughly $2,100 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
There are 10 schools within about 5km, testing a little above the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 368
- +12% over 5yr
- Median age
- 48 years
- Median household income
- $109,000/yr
- Households renting
- 6%
- Family households
- 85%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 10
- avg ICSEA 1054
- Unemployment
- 4.2%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Magpie
View all →Frequently asked questions about Magpie
What should I check before investing in Magpie?
Magpie has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.6% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Magpie?
The median property price in Magpie, VIC 3352 is $495K for units.
What rental yield does Magpie show?
The gross rental yield in Magpie is 2.7% 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 Magpie?
The current vacancy rate in Magpie is 1.6%. 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 Magpie?
Magpie has a population of approximately 368 residents, with a median age of 48.
What schools are near Magpie?
There are 10 schools within roughly 5km of Magpie. 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 Magpie's population growing?
The population of Magpie has grown about 12% 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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