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Noble Park, VIC 3174

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

Data updated

Tight Rental MarketStrong Growth

Median House

$840,000

market range $800K-$875K

Median Unit

$600,000

market range $475K-$650K

Gross Yield (houses)

3.7%

1yr Growth (houses)

+5.2%

market range +0.0% to +12.5%

Investment snapshot for Noble Park

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

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Noble Park market and investor summary

In Noble Park, VIC 3174, the median house sells for around $840K, on a gross rental yield of 3.7% for houses. House prices have moved +5.2% over the past year and +15.4% over three years. At 0.9% 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 3.7% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 0.9% and a resident base that is not shrinking.

Living in Noble Park: people, income and schools

About 32,257 people live in Noble Park, a number that has held fairly steady over five years. At a median age of 35, it reads as broadly working-age, and families account for 68% of households.

The typical household income runs to around $72,000 a year (about $1,380 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to a steep 11.7 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 32% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.

Families have 65 schools within roughly 5km to choose from, testing below the national school average on ICSEA. Noble Park sits about 25 km from the CBD. It is fairly car-dependent; the suburb scores 48 for walkability and 96 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.

Population
32,257
+1% over 5yr
Median age
35 years
Median household income
$72,000/yr
Households renting
40%
Family households
68%
Socio-economic rank
2/10
ABS advantage index
Schools within 5km
65
avg ICSEA 921
Unemployment
7.1%
Distance to CBD
25 km
Walk score
48/100

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

Properties in Noble Park

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Frequently asked questions about Noble Park

What should I check before investing in Noble Park?

Noble Park has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.0%, giving a stronger rent-to-price starting point than many suburbs. Capital growth of +5.2% 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 Noble Park?

The median property price in Noble Park, VIC 3174 is $840K for houses and $600K for units.

What rental yield does Noble Park show?

The gross rental yield in Noble Park is 3.7% for houses and 5.0% 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 Noble Park?

House prices in Noble Park are up 5.2% over the past year and up 15.4% 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 Noble Park?

The current vacancy rate in Noble Park is 0.9%. 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 Noble Park?

Noble Park has a population of approximately 32,257 residents, with a median age of 35.

What schools are near Noble Park?

There are 65 schools within roughly 5km of Noble Park. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Noble Park affordable to buy in?

A median house in Noble Park costs about 11.7 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 Noble Park's population growing?

The population of Noble Park has grown modestly, about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Noble Park from the CBD?

Noble Park is about 25 km from the CBD.

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