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Purnim, VIC 3278
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,095,000
market range $625K-$1.1M
Median Unit
$440,000
Gross Yield (houses)
1.9%
1yr Growth (houses)
+20.1%
market range +15.0% to +22.5%
Investment snapshot for Purnim
Purnim has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Purnim market and investor summary
In Purnim, VIC 3278, the median house sells for around $1.1M, on a gross rental yield of 1.9% for houses. House prices have moved +20.1% over the past year. At 7.1% 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 1.9% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 7.1% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Purnim: people, income and schools
About 292 people live in Purnim, a number that has held fairly steady over five years. At a median age of 43, it reads as skewed a little older, and 80% 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 $88,000 a year (about $1,700 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 12.4 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 24% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 292
- +4% over 5yr
- Median age
- 43 years
- Median household income
- $88,000/yr
- Households renting
- 10%
- Family households
- 81%
- Socio-economic rank
- 7/10
- ABS advantage index
- Unemployment
- 1.8%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Purnim
No properties currently listed in Purnim
Search Purnim listings →Frequently asked questions about Purnim
What should I check before investing in Purnim?
Purnim has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.3%, giving a stronger rent-to-price starting point than many suburbs. Capital growth of +20.1% 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 Purnim?
The median property price in Purnim, VIC 3278 is $1.1M for houses and $440K for units.
What rental yield does Purnim show?
The gross rental yield in Purnim is 1.9% for houses and 5.3% 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 Purnim?
House prices in Purnim are up 20.1% 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 Purnim?
The current vacancy rate in Purnim is 7.1%. 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 Purnim?
Purnim has a population of approximately 292 residents, with a median age of 43.
Is Purnim affordable to buy in?
A median house in Purnim costs about 12.4 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 Purnim's population growing?
The population of Purnim has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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