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Reedy Flat, VIC 3895
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$590,000
Median Unit
$165,000
list-price estimate
Gross Yield (houses)
2.7%
1yr Growth
-
Investment snapshot for Reedy Flat
Reedy Flat has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Reedy Flat market and investor summary
In Reedy Flat, VIC 3895, the median house sells for around $590K, on a gross rental yield of 2.7% for houses.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.7% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Reedy Flat: people, income and schools
About 6 people live in Reedy Flat, and the area has been growing steadily, up about 6% over five years. At a median age of 54, it reads as 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.
The typical household income runs to around $51,000 a year (about $990 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to a steep 11.5 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
- Population
- 6
- +6% over 5yr
- Median age
- 54 years
- Median household income
- $51,000/yr
- Households renting
- 6%
- Family households
- 54%
- Socio-economic rank
- 5/10
- ABS advantage index
- Unemployment
- 3.0%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Reedy Flat
No properties currently listed in Reedy Flat
Search Reedy Flat listings →Frequently asked questions about Reedy Flat
What should I check before investing in Reedy Flat?
Reedy Flat 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 Reedy Flat?
The median property price in Reedy Flat, VIC 3895 is $590K for houses.
What rental yield does Reedy Flat show?
The gross rental yield in Reedy Flat is 2.7% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How many people live in Reedy Flat?
Reedy Flat has a population of approximately 6 residents, with a median age of 54.
Is Reedy Flat affordable to buy in?
A median house in Reedy Flat costs about 11.5 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 Reedy Flat's population growing?
The population of Reedy Flat has grown about 6% 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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