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Major Plains, VIC 3725
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$455,000
Median Unit
$235,000
list-price estimate
Gross Yield (houses)
8.2%
1yr Growth
-
Investment snapshot for Major Plains
Major Plains has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Major Plains market and investor summary
In Major Plains, VIC 3725, the median house sells for around $455K, on a gross rental yield of 8.2% for houses. At 15.2% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 8.2% does more of the early heavy lifting than capital growth usually would at this price point. Demand is softer at 15.2% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Major Plains: people, income and schools
About 36 people live in Major Plains, a number that has held fairly steady over five years. At a median age of 49, it reads as skewed a little older, and 80% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $77,000 a year (about $1,480 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 roughly 5.9 times local household income, leaving more headroom than most capital-city markets. Incomes have risen about 23% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 36
- +1% over 5yr
- Median age
- 49 years
- Median household income
- $77,000/yr
- Households renting
- 20%
- Family households
- 74%
- Socio-economic rank
- 6/10
- ABS advantage index
- Unemployment
- 3.1%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Major Plains
No properties currently listed in Major Plains
Search Major Plains listings →Frequently asked questions about Major Plains
What should I check before investing in Major Plains?
Major Plains has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong house gross rental yield of 8.2%, before expenses, tax and loan costs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Major Plains?
The median property price in Major Plains, VIC 3725 is $455K for houses.
What rental yield does Major Plains show?
The gross rental yield in Major Plains is 8.2% for houses. 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 Major Plains?
The current vacancy rate in Major Plains is 15.2%. 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 Major Plains?
Major Plains has a population of approximately 36 residents, with a median age of 49.
Is Major Plains affordable to buy in?
A median house in Major Plains costs about 5.9 times the median local household income (more affordable than most capital-city markets). 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 Major Plains's population growing?
The population of Major Plains has grown modestly, about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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