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Noorat, VIC 3265

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

Data updated

Strong Growth

Median House

$750,000

list-price estimate

Median Unit

$435,000

Gross Yield (houses)

3.8%

1yr Growth (houses)

+16.4%

market range +7.5% to +35.0%

Investment snapshot for Noorat

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

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Noorat market and investor summary

In Noorat, VIC 3265, houses show a gross rental yield of 3.8%. House prices have moved +16.4% over the past year. At 3.9% vacancy, it is a softer rental market with more choice for tenants.

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. Demand is softer at 3.9% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.

Living in Noorat: people, income and schools

Noorat has a resident population of roughly 318, a number that has held fairly steady over five years. At a median age of 51, it reads as an older, established demographic, and 78% 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 $86,000 a year (about $1,660 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). Incomes have risen about 25% over five years, which tends to underpin what local buyers can pay.

Families have 2 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
318
+2% over 5yr
Median age
51 years
Median household income
$86,000/yr
Households renting
15%
Family households
74%
Socio-economic rank
7/10
ABS advantage index
Schools within 5km
2
avg ICSEA 1033
Unemployment
1.8%

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

Properties in Noorat

No properties currently listed in Noorat

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Frequently asked questions about Noorat

What should I check before investing in Noorat?

Noorat has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +16.4% in the past year shows strong 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 Noorat?

The median property price in Noorat, VIC 3265 is $435K for units.

What rental yield does Noorat show?

The gross rental yield in Noorat is 3.8% for houses and 2.7% 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 Noorat?

House prices in Noorat are up 16.4% 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 Noorat?

The current vacancy rate in Noorat is 3.9%. 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 Noorat?

Noorat has a population of approximately 318 residents, with a median age of 51.

What schools are near Noorat?

There are 2 schools within roughly 5km of Noorat. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Noorat's population growing?

The population of Noorat has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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