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Purnim West, VIC 3278
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$910,000
Median Unit
$185,000
list-price estimate
Gross Yield (houses)
3.2%
1yr Growth (houses)
+22.7%
estimate
Investment snapshot for Purnim West
Purnim West has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Purnim West market and investor summary
Purnim West (VIC 3278) runs a median house price of $910K, with houses yielding a gross 3.2%. House prices have moved +22.7% 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 3.2% 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 West: people, income and schools
Purnim West has a resident population of roughly 50, a number that has held fairly steady over five years. The median age is 42, 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.
Households here earn a median of about $94,000 a year, or roughly $1,800 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 9.7 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.
There is 1 school within about 5km, testing a little above the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 50
- +4% over 5yr
- Median age
- 42 years
- Median household income
- $94,000/yr
- Households renting
- 20%
- Family households
- 66%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1054
- 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 West
No properties currently listed in Purnim West
Search Purnim West listings →Frequently asked questions about Purnim West
What should I check before investing in Purnim West?
Purnim West has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +22.7% 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 West?
The median property price in Purnim West, VIC 3278 is $910K for houses.
What rental yield does Purnim West show?
The gross rental yield in Purnim West is 3.2% for houses. 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 West?
House prices in Purnim West are up 22.7% 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 West?
The current vacancy rate in Purnim West 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 West?
Purnim West has a population of approximately 50 residents, with a median age of 42.
What schools are near Purnim West?
There are 1 school within roughly 5km of Purnim West. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Purnim West affordable to buy in?
A median house in Purnim West costs about 9.7 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 West's population growing?
The population of Purnim West 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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