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Miners Rest, VIC 3352

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental MarketStrong Growth

Median House

$650,000

market range $625K-$700K

Median Unit

$555,000

list-price estimate

Gross Yield (houses)

3.9%

1yr Growth (houses)

+12.1%

market range +7.5% to +15.0%

Investment snapshot for Miners Rest

Miners Rest has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Miners Rest market and investor summary

In Miners Rest, VIC 3352, the median house sells for around $650K, on a gross rental yield of 3.9% for houses. House prices have moved +12.1% over the past year and +8.8% over three years. 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 Miners Rest: people, income and schools

Miners Rest is home to around 3,829 people, and the area has been growing steadily, up about 12% over five years. At a median age of 33, it reads as broadly working-age, 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.

The typical household income runs to around $103,000 a year (about $1,980 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to about 6.3 times local household income, in line with much of metropolitan Australia. Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.

Families have 6 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 4 for walkability and 2 for transit out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
3,829
+12% over 5yr
Median age
33 years
Median household income
$103,000/yr
Households renting
17%
Family households
81%
Socio-economic rank
7/10
ABS advantage index
Schools within 5km
6
avg ICSEA 994
Unemployment
4.2%
Walk score
4/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Miners Rest

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Frequently asked questions about Miners Rest

What should I check before investing in Miners Rest?

Miners Rest has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +12.1% in the past year shows strong recent price momentum. 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 Miners Rest?

The median property price in Miners Rest, VIC 3352 is $650K for houses.

What rental yield does Miners Rest show?

The gross rental yield in Miners Rest is 3.9% for houses and 3.2% 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 Miners Rest?

House prices in Miners Rest are up 12.1% over the past year and up 8.8% over three years. 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 Miners Rest?

The current vacancy rate in Miners Rest 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 Miners Rest?

Miners Rest has a population of approximately 3,829 residents, with a median age of 33.

What schools are near Miners Rest?

There are 6 schools within roughly 5km of Miners Rest. 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 Miners Rest affordable to buy in?

A median house in Miners Rest costs about 6.3 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 Miners Rest's population growing?

The population of Miners Rest has grown about 12% 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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