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Nirranda, VIC 3268
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$680,000
Median Unit
$325,000
list-price estimate
Gross Yield (houses)
3.8%
1yr Growth
-
Investment snapshot for Nirranda
Nirranda has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Nirranda market and investor summary
Nirranda (VIC 3268) runs a median house price of $680K, with houses yielding a gross 3.8%. At 2.3% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet. Houses also take time to sell, around 96 days on market, so plan for a slower exit if you ever need one.
Living in Nirranda: people, income and schools
Nirranda is home to around 50 people, a number that has held fairly steady over five years. The median age is 46, skewed a little older, 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.
Households here earn a median of about $76,000 a year, or roughly $1,470 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to about 8.9 times local household income, in line with much of metropolitan Australia. Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 50
- -1% over 5yr
- Median age
- 46 years
- Median household income
- $76,000/yr
- Households renting
- 18%
- Family households
- 58%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 992
- Unemployment
- 1.4%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Nirranda
No properties currently listed in Nirranda
Search Nirranda listings →Frequently asked questions about Nirranda
What should I check before investing in Nirranda?
Nirranda has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Nirranda?
The median property price in Nirranda, VIC 3268 is $680K for houses.
What rental yield does Nirranda show?
The gross rental yield in Nirranda is 3.8% 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 Nirranda?
The current vacancy rate in Nirranda is 2.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Nirranda?
Nirranda has a population of approximately 50 residents, with a median age of 46.
What schools are near Nirranda?
There are 1 school within roughly 5km of Nirranda. 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 Nirranda affordable to buy in?
A median house in Nirranda costs about 8.9 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 Nirranda's population growing?
The population of Nirranda has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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