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Ouyen, VIC 3490
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$290,000
market range $250K-$325K
Median Unit
$330,000
Gross Yield (houses)
6.2%
1yr Growth (houses)
+12.1%
market range +7.5% to +15.0%
Investment snapshot for Ouyen
Ouyen has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Ouyen market and investor summary
Ouyen (VIC 3490) runs a median house price of $290K, with houses yielding a gross 6.2%. House prices have moved +12.1% over the past year and +53.1% over three years. At 0.4% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 6.2% does more of the early heavy lifting than capital growth usually would at this price point. Rental demand looks steady, with vacancy at 0.4% and a resident base that is not shrinking.
Living in Ouyen: people, income and schools
Ouyen is home to around 1,170 people, a number that has held fairly steady over five years. The median age is 52, an older, established demographic, and 75% 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 $57,000 a year, or roughly $1,090 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to roughly 5.1 times local household income, leaving more headroom than most capital-city markets. Incomes have risen about 22% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 8 for walkability and 3 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 1,170
- +1% over 5yr
- Median age
- 52 years
- Median household income
- $57,000/yr
- Households renting
- 21%
- Family households
- 60%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 962
- Unemployment
- 1.3%
- Walk score
- 8/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Ouyen
View all →Frequently asked questions about Ouyen
What should I check before investing in Ouyen?
Ouyen has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong house gross rental yield of 6.2%, before expenses, tax and loan costs. Capital growth of +12.1% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Ouyen?
The median property price in Ouyen, VIC 3490 is $290K for houses and $330K for units.
What rental yield does Ouyen show?
The gross rental yield in Ouyen is 6.2% for houses and 5.8% 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 Ouyen?
House prices in Ouyen are up 12.1% over the past year and up 53.1% 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 Ouyen?
The current vacancy rate in Ouyen is 0.4%. 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 Ouyen?
Ouyen has a population of approximately 1,170 residents, with a median age of 52.
What schools are near Ouyen?
There are 1 school within roughly 5km of Ouyen. 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 Ouyen affordable to buy in?
A median house in Ouyen costs about 5.1 times the median local household income (more affordable than most capital-city markets). 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 Ouyen's population growing?
The population of Ouyen 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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