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Rheola, VIC 3517
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$460,000
market range $225K-$500K
Median Unit
$160,000
list-price estimate
Gross Yield (houses)
5.3%
1yr Growth
-
Investment snapshot for Rheola
Rheola has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Rheola market and investor summary
In Rheola, VIC 3517, the median house sells for around $460K, on a gross rental yield of 5.3% for houses. At 2.9% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 5.3% does more of the early heavy lifting than capital growth usually would at this price point.
Living in Rheola: people, income and schools
Rheola has a resident population of roughly 52, a number that has held fairly steady over five years. At a median age of 53, it reads as an older, established demographic, and families account for 71% of households.
The typical household income runs to around $58,000 a year (about $1,120 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 about 7.9 times local household income, in line with much of metropolitan Australia.
- Population
- 52
- +1% over 5yr
- Median age
- 53 years
- Median household income
- $58,000/yr
- Households renting
- 14%
- Family households
- 71%
- Socio-economic rank
- 2/10
- ABS advantage index
- Unemployment
- 5.0%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Rheola
No properties currently listed in Rheola
Search Rheola listings →Frequently asked questions about Rheola
What should I check before investing in Rheola?
Rheola has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid house gross rental yield of 5.3%, giving a stronger rent-to-price starting point than many suburbs. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Rheola?
The median property price in Rheola, VIC 3517 is $460K for houses.
What rental yield does Rheola show?
The gross rental yield in Rheola is 5.3% 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 Rheola?
The current vacancy rate in Rheola is 2.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Rheola?
Rheola has a population of approximately 52 residents, with a median age of 53.
Is Rheola affordable to buy in?
A median house in Rheola costs about 7.9 times the median local household income (broadly in line with metropolitan Australia). 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 Rheola's population growing?
The population of Rheola has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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