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Mena Park, VIC 3373
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$445,000
Median Unit
$380,000
list-price estimate
Gross Yield (houses)
3.9%
1yr Growth
-
Investment snapshot for Mena Park
Mena Park has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Mena Park market and investor summary
In Mena Park, VIC 3373, the median house sells for around $445K, on a gross rental yield of 3.9% for houses. At 0.7% 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 0.7% and a resident base that is not shrinking.
Living in Mena Park: people, income and schools
Mena Park has a resident population of roughly 32, a number that has held fairly steady over five years. At a median age of 56, it reads as an older, established demographic, and 77% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). 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
- 32
- +5% over 5yr
- Median age
- 56 years
- Households renting
- 15%
- Family households
- 63%
- Socio-economic rank
- 3/10
- ABS advantage index
- Unemployment
- 4.5%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Mena Park
No properties currently listed in Mena Park
Search Mena Park listings →Frequently asked questions about Mena Park
What should I check before investing in Mena Park?
Mena Park has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.7% 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 Mena Park?
The median property price in Mena Park, VIC 3373 is $445K for houses.
What rental yield does Mena Park show?
The gross rental yield in Mena Park is 3.9% 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 Mena Park?
The current vacancy rate in Mena Park is 0.7%. 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 Mena Park?
Mena Park has a population of approximately 32 residents, with a median age of 56.
Is Mena Park's population growing?
The population of Mena Park has grown modestly, about 5% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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