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Nunawading, VIC 3131
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,210,000
market range $1.1M-$1.3M
Median Unit
$810,000
market range $775K-$900K
Gross Yield (houses)
2.8%
1yr Growth (houses)
+0.8%
market range -7.5% to +10.0%
Investment snapshot for Nunawading
Nunawading has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Nunawading market and investor summary
Nunawading (VIC 3131) runs a median house price of $1.2M, with houses yielding a gross 2.8%. House prices have moved +0.8% over the past year. At 1.0% 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 1.0% and a resident base that is not shrinking.
Living in Nunawading: people, income and schools
Nunawading has a resident population of roughly 12,413, a number that has held fairly steady over five years. The median age is 39, broadly working-age, and 71% of homes are owner-occupied.
Households here earn a median of about $101,000 a year, or roughly $1,940 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 12.0 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.
There are 54 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 63 for walkability and 99 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 12,413
- +2% over 5yr
- Median age
- 39 years
- Median household income
- $101,000/yr
- Households renting
- 29%
- Family households
- 53%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 54
- avg ICSEA 1105
- Unemployment
- 3.2%
- Distance to CBD
- 19 km
- Walk score
- 63/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Nunawading
View all →Frequently asked questions about Nunawading
What should I check before investing in Nunawading?
Nunawading has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.0% 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 Nunawading?
The median property price in Nunawading, VIC 3131 is $1.2M for houses and $810K for units.
What rental yield does Nunawading show?
The gross rental yield in Nunawading is 2.8% for houses and 3.6% 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 Nunawading?
House prices in Nunawading are up 0.8% 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 Nunawading?
The current vacancy rate in Nunawading is 1.0%. 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 Nunawading?
Nunawading has a population of approximately 12,413 residents, with a median age of 39.
What schools are near Nunawading?
There are 54 schools within roughly 5km of Nunawading. 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 Nunawading affordable to buy in?
A median house in Nunawading costs about 12.0 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 Nunawading's population growing?
The population of Nunawading has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Nunawading from the CBD?
Nunawading is about 19 km from the CBD.
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