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Metung, VIC 3904
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$630,000
market range $550K-$825K
Median Unit
$200,000
market range $300K-$625K
Gross Yield (houses)
4.2%
1yr Growth (houses)
-0.5%
market range -10.0% to +7.5%
Investment snapshot for Metung
Metung has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Metung market and investor summary
Metung (VIC 3904) runs a median house price of $630K, with houses yielding a gross 4.2%. House prices have moved -0.5% over the past year. At 2.8% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.2% is neither a standout cashflow play nor a pure growth bet. Apartment stock is taking longer than usual to clear, a sign of softer demand at the unit end of the market. Houses also take time to sell, around 109 days on market, so plan for a slower exit if you ever need one.
Living in Metung: people, income and schools
Metung has a resident population of roughly 1,899, a number that has held fairly steady over five years. The median age is 60, 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 $63,000 a year, or roughly $1,220 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 a steep 9.9 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 16% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 1,899
- +4% over 5yr
- Median age
- 60 years
- Median household income
- $63,000/yr
- Households renting
- 15%
- Family households
- 73%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 995
- Unemployment
- 5.8%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Metung
No properties currently listed in Metung
Search Metung listings →Frequently asked questions about Metung
What should I check before investing in Metung?
Metung has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.2% gives a usable rent-to-price starting point. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Metung?
The median property price in Metung, VIC 3904 is $630K for houses and $200K for units.
What rental yield does Metung show?
The gross rental yield in Metung is 4.2% 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 Metung?
House prices in Metung are down 0.5% 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 Metung?
The current vacancy rate in Metung 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 Metung?
Metung has a population of approximately 1,899 residents, with a median age of 60.
What schools are near Metung?
There are 1 school within roughly 5km of Metung. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Metung affordable to buy in?
A median house in Metung costs about 9.9 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 Metung's population growing?
The population of Metung has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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