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Main Ridge, VIC 3928
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$3,150,000
list-price estimate
Median Unit
-
Gross Yield (houses)
1.6%
1yr Growth (houses)
-4.2%
market range -30.0% to +2.5%
Investment snapshot for Main Ridge
Main Ridge has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Main Ridge market and investor summary
In Main Ridge, VIC 3928, houses show a gross rental yield of 1.6%. House prices have moved -4.2% over the past year. At 2.8% vacancy, it is a broadly balanced rental market.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 1.6% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 68 days on market, so plan for a slower exit if you ever need one.
Living in Main Ridge: people, income and schools
About 453 people live in Main Ridge, a number that has held fairly steady over five years. The median age is 56, an older, established demographic, and 82% 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 $113,000 a year, or roughly $2,170 a week. On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). Locally, around 33% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There is 1 school within about 5km, testing a little above the national school average on ICSEA. It is roughly 65 km from the CBD. It is fairly car-dependent; the suburb scores 4 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 453
- +2% over 5yr
- Median age
- 56 years
- Median household income
- $113,000/yr
- Households renting
- 11%
- Family households
- 73%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1058
- Unemployment
- 0.8%
- Distance to CBD
- 65 km
- Walk score
- 4/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Main Ridge
No properties currently listed in Main Ridge
Search Main Ridge listings →Frequently asked questions about Main Ridge
What should I check before investing in Main Ridge?
Main Ridge 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 Main Ridge show?
The gross rental yield in Main Ridge is 1.6% for houses. 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 Main Ridge?
House prices in Main Ridge are down 4.2% over the past year. 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 Main Ridge?
The current vacancy rate in Main Ridge is 2.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Main Ridge?
Main Ridge has a population of approximately 453 residents, with a median age of 56.
What schools are near Main Ridge?
There are 1 school within roughly 5km of Main Ridge. 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 Main Ridge's population growing?
The population of Main Ridge has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Main Ridge from the CBD?
Main Ridge is about 65 km from the CBD.
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