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Metcalfe, VIC 3448
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$945,000
list-price estimate
Median Unit
$595,000
Gross Yield (houses)
2.1%
1yr Growth
-
Investment snapshot for Metcalfe
Metcalfe has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Metcalfe market and investor summary
In Metcalfe, VIC 3448, houses show a gross rental yield of 2.1%. At 1.8% 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 2.1% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.8% and a resident base that is not shrinking. Houses also take time to sell, around 170 days on market, so plan for a slower exit if you ever need one.
Living in Metcalfe: people, income and schools
Metcalfe is home to around 190 people, and the area has been growing steadily, up about 8% over five years. The median age is 52, an older, established demographic, and 94% 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 $77,000 a year, or roughly $1,490 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 39% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 190
- +8% over 5yr
- Median age
- 52 years
- Median household income
- $77,000/yr
- Households renting
- 0%
- Family households
- 68%
- Socio-economic rank
- 7/10
- ABS advantage index
- Unemployment
- 2.8%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Metcalfe
View all →Frequently asked questions about Metcalfe
What should I check before investing in Metcalfe?
Metcalfe has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.8% 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 Metcalfe?
The median property price in Metcalfe, VIC 3448 is $595K for units.
What rental yield does Metcalfe show?
The gross rental yield in Metcalfe is 2.1% for houses and 3.8% 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 Metcalfe?
The current vacancy rate in Metcalfe is 1.8%. 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 Metcalfe?
Metcalfe has a population of approximately 190 residents, with a median age of 52.
Is Metcalfe's population growing?
The population of Metcalfe has grown about 8% 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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