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Mincha West, VIC 3568
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$480,000
Median Unit
$375,000
list-price estimate
Gross Yield (houses)
4.2%
1yr Growth
-
Investment snapshot for Mincha West
Mincha West has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Mincha West market and investor summary
In Mincha West, VIC 3568, the median house sells for around $480K, on a gross rental yield of 4.2% for houses. At 3.1% 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 4.2% is neither a standout cashflow play nor a pure growth bet. Houses also take time to sell, around 70 days on market, so plan for a slower exit if you ever need one.
Living in Mincha West: people, income and schools
About 16 people live in Mincha West, a number that has held fairly steady over five years. At a median age of 53, 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.
The typical household income runs to around $60,000 a year (about $1,160 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to about 8.0 times local household income, in line with much of metropolitan Australia.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 16
- -2% over 5yr
- Median age
- 53 years
- Median household income
- $60,000/yr
- Households renting
- 18%
- Family households
- 65%
- Socio-economic rank
- 3/10
- ABS advantage index
- Unemployment
- 1.7%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Mincha West
No properties currently listed in Mincha West
Search Mincha West listings →Frequently asked questions about Mincha West
What should I check before investing in Mincha West?
Mincha West 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 Mincha West?
The median property price in Mincha West, VIC 3568 is $480K for houses.
What rental yield does Mincha West show?
The gross rental yield in Mincha West 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.
How tight is the rental market in Mincha West?
The current vacancy rate in Mincha West is 3.1%. 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 Mincha West?
Mincha West has a population of approximately 16 residents, with a median age of 53.
Is Mincha West affordable to buy in?
A median house in Mincha West costs about 8.0 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 Mincha West's population growing?
The population of Mincha West has fallen about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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