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Officer, VIC 3809

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

Data updated

Tight Rental Market

Median House

$755,000

market range $700K-$925K

Median Unit

$570,000

market range $500K-$625K

Gross Yield (units)

4.8%

1yr Growth (houses)

+3.4%

market range -2.5% to +20.0%

Investment snapshot for Officer

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

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Officer market and investor summary

Officer (VIC 3809) runs a median house price of $755K. House prices have moved +3.4% over the past year. At 1.2% vacancy, it is a tight rental market that favours landlords.

Rental demand looks steady, with vacancy at 1.2% and a resident base that is not shrinking.

Living in Officer: people, income and schools

Officer is home to around 18,503 people, and the area has been growing steadily, up about 33% over five years. The median age is 31, younger than the national median, and 70% of homes are owner-occupied.

Households here earn a median of about $111,000 a year, or roughly $2,130 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 about 6.8 times local household income, in line with much of metropolitan Australia. Incomes have risen about 16% over five years, which tends to underpin what local buyers can pay.

There are 31 schools within about 5km, testing close to the national school average on ICSEA. It is roughly 48 km from the CBD. It is fairly car-dependent; the suburb scores 20 for walkability and 66 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.

Population
18,503
+33% over 5yr
Median age
31 years
Median household income
$111,000/yr
Households renting
28%
Family households
82%
Socio-economic rank
8/10
ABS advantage index
Schools within 5km
31
avg ICSEA 1017
Unemployment
3.2%
Distance to CBD
48 km
Walk score
20/100

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

Properties in Officer

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Frequently asked questions about Officer

What should I check before investing in Officer?

Officer has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.8% gives a usable rent-to-price starting point. Tight rental market (1.2% 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 Officer?

The median property price in Officer, VIC 3809 is $755K for houses and $570K for units.

What rental yield does Officer show?

The gross rental yield in Officer is 4.8% 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 Officer?

House prices in Officer are up 3.4% 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 Officer?

The current vacancy rate in Officer is 1.2%. 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 Officer?

Officer has a population of approximately 18,503 residents, with a median age of 31.

What schools are near Officer?

There are 31 schools within roughly 5km of Officer. 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 Officer affordable to buy in?

A median house in Officer costs about 6.8 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 Officer's population growing?

The population of Officer has grown about 33% 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 Officer from the CBD?

Officer is about 48 km from the CBD.

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