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Munro, VIC 3862
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$685,000
list-price estimate
Median Unit
$275,000
Gross Yield
-
1yr Growth
-
Investment snapshot for Munro
Munro has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Munro market and investor summary
Munro sits in VIC, postcode 3862. At 0.7% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 0.7% and a resident base that is not shrinking.
Living in Munro: people, income and schools
Munro has a resident population of roughly 167, and the area has been growing steadily, up about 6% over five years. The median age is 53, an older, established demographic, 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 $71,000 a year, or roughly $1,360 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). Incomes have risen about 18% over five years, which tends to underpin what local buyers can pay.
- Population
- 167
- +6% over 5yr
- Median age
- 53 years
- Median household income
- $71,000/yr
- Households renting
- 6%
- Family households
- 78%
- Socio-economic rank
- 5/10
- ABS advantage index
- Unemployment
- 3.0%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Munro
No properties currently listed in Munro
Search Munro listings →Frequently asked questions about Munro
What should I check before investing in Munro?
Munro has enough public data for first-pass screening across yield, vacancy, price and supply signals. 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 Munro?
The median property price in Munro, VIC 3862 is $275K for units.
How tight is the rental market in Munro?
The current vacancy rate in Munro 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 Munro?
Munro has a population of approximately 167 residents, with a median age of 53.
Is Munro's population growing?
The population of Munro has grown about 6% 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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