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Orrvale, VIC 3631

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

Data updated

Median House

$750,000

list-price estimate

Median Unit

$255,000

Gross Yield (houses)

2.5%

1yr Growth

-

Investment snapshot for Orrvale

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

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Orrvale market and investor summary

In Orrvale, VIC 3631, houses show a gross rental yield of 2.5%. At 3.2% vacancy, it is a softer rental market with more choice for tenants.

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. Houses also take time to sell, around 172 days on market, so plan for a slower exit if you ever need one.

Living in Orrvale: people, income and schools

Orrvale has a resident population of roughly 450, and the area has been growing steadily, up about 8% over five years. The median age is 50, 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.

Households here earn a median of about $80,000 a year, or roughly $1,540 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). Incomes have risen about 15% over five years, which tends to underpin what local buyers can pay.

There are 9 schools within about 5km, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
450
+8% over 5yr
Median age
50 years
Median household income
$80,000/yr
Households renting
15%
Family households
72%
Socio-economic rank
8/10
ABS advantage index
Schools within 5km
9
avg ICSEA 990
Unemployment
3.2%

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

Properties in Orrvale

No properties currently listed in Orrvale

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Frequently asked questions about Orrvale

What should I check before investing in Orrvale?

Orrvale has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.

What are typical property prices in Orrvale?

The median property price in Orrvale, VIC 3631 is $255K for units.

What rental yield does Orrvale show?

The gross rental yield in Orrvale is 2.5% for houses. 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 Orrvale?

The current vacancy rate in Orrvale is 3.2%. 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 Orrvale?

Orrvale has a population of approximately 450 residents, with a median age of 50.

What schools are near Orrvale?

There are 9 schools within roughly 5km of Orrvale. 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 Orrvale's population growing?

The population of Orrvale has grown about 8% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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