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Ondit, VIC 3249
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$910,000
market range $175K-$950K
Median Unit
$395,000
Gross Yield (houses)
2.5%
1yr Growth
-
Investment snapshot for Ondit
Ondit has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Ondit market and investor summary
Ondit (VIC 3249) runs a median house price of $910K, with houses yielding a gross 2.5%. 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 2.5% 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 Ondit: people, income and schools
About 101 people live in Ondit, a number that has held fairly steady over five years. The median age is 46, skewed a little older, and 81% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $67,000 a year, or roughly $1,290 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 13.6 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 27% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 101
- +1% over 5yr
- Median age
- 46 years
- Median household income
- $67,000/yr
- Households renting
- 18%
- Family households
- 51%
- Socio-economic rank
- 6/10
- ABS advantage index
- Unemployment
- 1.3%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Ondit
View all →Frequently asked questions about Ondit
What should I check before investing in Ondit?
Ondit 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 Ondit?
The median property price in Ondit, VIC 3249 is $910K for houses and $395K for units.
What rental yield does Ondit show?
The gross rental yield in Ondit is 2.5% for houses and 3.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Ondit?
The current vacancy rate in Ondit 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 Ondit?
Ondit has a population of approximately 101 residents, with a median age of 46.
Is Ondit affordable to buy in?
A median house in Ondit costs about 13.6 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 Ondit's population growing?
The population of Ondit has grown modestly, about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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