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Notting Hill, VIC 3168
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,200,000
market range $1.1M-$1.2M
Median Unit
$435,000
market range $375K-$450K
Gross Yield (houses)
2.8%
1yr Growth (houses)
+0.7%
market range -7.5% to +5.0%
Investment snapshot for Notting Hill
Notting Hill has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Notting Hill market and investor summary
Notting Hill (VIC 3168) runs a median house price of $1.2M, with houses yielding a gross 2.8%. House prices have moved +0.7% over the past year and +8.5% over three years. At 1.9% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.8% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.9% and a resident base that is not shrinking.
Living in Notting Hill: people, income and schools
Notting Hill has a resident population of roughly 2,895, and the area has been growing steadily, up about 17% over five years. The median age is 27, younger than the national median, with renters making up 50% of households.
Households here earn a median of about $82,000 a year, or roughly $1,570 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 14.7 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 37% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 56 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 19 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 60 for walkability and 45 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 2,895
- +17% over 5yr
- Median age
- 27 years
- Median household income
- $82,000/yr
- Households renting
- 50%
- Family households
- 59%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 56
- avg ICSEA 1146
- Unemployment
- 1.7%
- Distance to CBD
- 19 km
- Walk score
- 60/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Notting Hill
View all →Frequently asked questions about Notting Hill
What should I check before investing in Notting Hill?
Notting Hill has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 7.5%, before expenses, tax and loan costs. Tight rental market (1.9% 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 Notting Hill?
The median property price in Notting Hill, VIC 3168 is $1.2M for houses and $435K for units.
What rental yield does Notting Hill show?
The gross rental yield in Notting Hill is 2.8% for houses and 7.5% 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 Notting Hill?
House prices in Notting Hill are up 0.7% over the past year and up 8.5% 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 Notting Hill?
The current vacancy rate in Notting Hill is 1.9%. 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 Notting Hill?
Notting Hill has a population of approximately 2,895 residents, with a median age of 27.
What schools are near Notting Hill?
There are 56 schools within roughly 5km of Notting Hill. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Notting Hill affordable to buy in?
A median house in Notting Hill costs about 14.7 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 Notting Hill's population growing?
The population of Notting Hill has grown about 17% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Notting Hill from the CBD?
Notting Hill is about 19 km from the CBD.
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