Not sure where to invest? Take the 2-min quiz and we'll rank your top 10 suburbs.
Take the 2-min quiz12,000+ suburbs | 110k+ live listings | refreshed daily
Sign up free to save this suburb, build a shortlist, and compare against 12,000+ Australian suburbs.
See a sample suburb report before signing up or paying. | Take the 30-second product tour
Picola, VIC 3639
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$250,000
market range $225K-$650K
Median Unit
$160,000
list-price estimate
Gross Yield (houses)
8.4%
1yr Growth
-
Investment snapshot for Picola
Picola has enough public data for first-pass screening across yield, vacancy, price and supply signals.
Read the full Picola verdict
Pros, risks, supporting metrics, investment score and cashflow. Included with Pro access.
Short-term access. No subscription. See all plans
See sample analysis before paying.
Investment score breakdown
See exactly which signals drive Picola - yield, growth, affordability, vacancy, livability, safety, and demographics.
Access from $20. Cancel anytime. See all plans
Secure checkout by Stripe. Cancel anytime.
Picola market and investor summary
In Picola, VIC 3639, the median house sells for around $250K, on a gross rental yield of 8.4% for houses. At 4.9% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 8.4% does more of the early heavy lifting than capital growth usually would at this price point. Demand is softer at 4.9% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 530 days on market, so plan for a slower exit if you ever need one.
Living in Picola: people, income and schools
Picola has a resident population of roughly 206, a number that has held fairly steady over five years. At a median age of 57, it reads as an older, established demographic, and 82% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $57,000 a year (about $1,100 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to roughly 4.4 times local household income, leaving more headroom than most capital-city markets. Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 206
- -1% over 5yr
- Median age
- 57 years
- Median household income
- $57,000/yr
- Households renting
- 11%
- Family households
- 72%
- Socio-economic rank
- 2/10
- ABS advantage index
- 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 Picola
No properties currently listed in Picola
Search Picola listings →Frequently asked questions about Picola
What should I check before investing in Picola?
Picola has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong house gross rental yield of 8.4%, before expenses, tax and loan costs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Picola?
The median property price in Picola, VIC 3639 is $250K for houses.
What rental yield does Picola show?
The gross rental yield in Picola is 8.4% 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 Picola?
The current vacancy rate in Picola is 4.9%. 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 Picola?
Picola has a population of approximately 206 residents, with a median age of 57.
Is Picola affordable to buy in?
A median house in Picola costs about 4.4 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 Picola's population growing?
The population of Picola has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
Keep researching with PropRadar
Free tools for the rest of your investment decision, no card required.
Beyond each listing
PropRadar works across your whole search: shortlists and portfolios start free, while heavier discovery, export and advisory workflows are available on paid tiers.
Portfolio tracking
Track owned properties with portfolio value, LVR, yield, cashflow and allocation rolled up in one place.
Open portfolioWatchlists and saved searches
Shortlist up to 5 properties and suburbs for free. Essentials raises the limits and adds saved search alerts.
Open watchlistDeal Finder
A live Pro browser for undervalued listings with solid yield, ranked so thin price gaps stay out of the list.
Open Deal FinderMarket Finder
Shortlist suburbs by yield, growth, vacancy, active inventory and sales depth before you inspect individual listings.
Open Market FinderStrategy tools
Hold vs Sell, Stress Tester, Strategy Recommender and Portfolio Rebalancer for decisions across several properties.
Open toolsBuilding a product on property data? Explore the PropRadar API