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Mickleham, VIC 3064
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$710,000
market range $650K-$875K
Median Unit
$610,000
market range $150K-$625K
Gross Yield (houses)
4.0%
1yr Growth (houses)
+4.7%
market range -5.0% to +27.5%
Investment snapshot for Mickleham
Mickleham has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Mickleham market and investor summary
Mickleham (VIC 3064) runs a median house price of $710K, with houses yielding a gross 4.0%. House prices have moved +4.7% over the past year. At 3.8% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.0% is neither a standout cashflow play nor a pure growth bet. Demand is softer at 3.8% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Mickleham: people, income and schools
Mickleham is home to around 17,452 people, and the area has been growing steadily, up about 35% over five years. The median age is 29, younger than the national median, and 93% 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 $102,000 a year, or roughly $1,970 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to about 6.9 times local household income, in line with much of metropolitan Australia. Locally, around 31% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 12 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 31 km from the CBD. It is fairly car-dependent; the suburb scores 6 for walkability and 8 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 17,452
- +35% over 5yr
- Median age
- 29 years
- Median household income
- $102,000/yr
- Households renting
- 7%
- Family households
- 56%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 12
- avg ICSEA 1013
- Unemployment
- 6.5%
- Distance to CBD
- 31 km
- Walk score
- 6/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Mickleham
View all →Frequently asked questions about Mickleham
What should I check before investing in Mickleham?
Mickleham has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.2% gives a usable rent-to-price starting point. Capital growth of +4.7% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Mickleham?
The median property price in Mickleham, VIC 3064 is $710K for houses and $610K for units.
What rental yield does Mickleham show?
The gross rental yield in Mickleham is 4.0% for houses and 4.2% for units. 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 Mickleham?
House prices in Mickleham are up 4.7% 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 Mickleham?
The current vacancy rate in Mickleham is 3.8%. 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 Mickleham?
Mickleham has a population of approximately 17,452 residents, with a median age of 29.
What schools are near Mickleham?
There are 12 schools within roughly 5km of Mickleham. 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 Mickleham affordable to buy in?
A median house in Mickleham costs about 6.9 times the median local household income (broadly in line with metropolitan Australia). 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 Mickleham's population growing?
The population of Mickleham has grown about 35% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Mickleham from the CBD?
Mickleham is about 31 km from the CBD.
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