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Nichols Point, VIC 3501
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$765,000
market range $700K-$975K
Median Unit
$405,000
Gross Yield (houses)
3.0%
1yr Growth (houses)
+6.0%
market range -10.0% to +17.5%
Investment snapshot for Nichols Point
Nichols Point has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Nichols Point market and investor summary
In Nichols Point, VIC 3501, the median house sells for around $765K, on a gross rental yield of 3.0% for houses. House prices have moved +6.0% over the past year. At 3.6% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.0% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 3.6% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 99 days on market, so plan for a slower exit if you ever need one.
Living in Nichols Point: people, income and schools
About 1,723 people live in Nichols Point, and the area has been growing steadily, up about 7% over five years. At a median age of 40, it reads as skewed a little older, and 86% 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 $109,000 a year (about $2,090 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 7.0 times local household income, in line with much of metropolitan Australia. Incomes have risen about 23% over five years, which tends to underpin what local buyers can pay.
Families have 5 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 1 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 1,723
- +7% over 5yr
- Median age
- 40 years
- Median household income
- $109,000/yr
- Households renting
- 11%
- Family households
- 81%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 5
- avg ICSEA 1002
- Unemployment
- 0.9%
- Walk score
- 1/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Nichols Point
View all →Frequently asked questions about Nichols Point
What should I check before investing in Nichols Point?
Nichols Point has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 6.3%, before expenses, tax and loan costs. Capital growth of +6.0% 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 Nichols Point?
The median property price in Nichols Point, VIC 3501 is $765K for houses and $405K for units.
What rental yield does Nichols Point show?
The gross rental yield in Nichols Point is 3.0% for houses and 6.3% 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 Nichols Point?
House prices in Nichols Point are up 6.0% 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 Nichols Point?
The current vacancy rate in Nichols Point is 3.6%. 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 Nichols Point?
Nichols Point has a population of approximately 1,723 residents, with a median age of 40.
What schools are near Nichols Point?
There are 5 schools within roughly 5km of Nichols Point. 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 Nichols Point affordable to buy in?
A median house in Nichols Point costs about 7.0 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 Nichols Point's population growing?
The population of Nichols Point has grown about 7% 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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