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Sawmill Settlement, VIC 3723
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$870,000
list-price estimate
Median Unit
$545,000
Gross Yield (units)
7.7%
1yr Growth (houses)
+1.8%
market range -2.5% to +5.0%
Investment snapshot for Sawmill Settlement
Sawmill Settlement has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Sawmill Settlement market and investor summary
Sawmill Settlement sits in VIC, postcode 3723. House prices have moved +1.8% over the past year and -5.9% over three years. At 1.8% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.8% and a resident base that is not shrinking. Houses also take time to sell, around 134 days on market, so plan for a slower exit if you ever need one.
Living in Sawmill Settlement: people, income and schools
Sawmill Settlement is home to around 86 people, and the area has been growing steadily, up about 12% over five years. At a median age of 42, it reads as skewed a little older, and families account for 62% of households.
The typical household income runs to around $74,000 a year (about $1,420 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km.
- Population
- 86
- +12% over 5yr
- Median age
- 42 years
- Median household income
- $74,000/yr
- Households renting
- 32%
- Family households
- 62%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 1
- Unemployment
- 2.8%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Sawmill Settlement
No properties currently listed in Sawmill Settlement
Search Sawmill Settlement listings →Frequently asked questions about Sawmill Settlement
What should I check before investing in Sawmill Settlement?
Sawmill Settlement has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 7.7%, before expenses, tax and loan costs. Tight rental market (1.8% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Sawmill Settlement?
The median property price in Sawmill Settlement, VIC 3723 is $545K for units.
What rental yield does Sawmill Settlement show?
The gross rental yield in Sawmill Settlement is 7.7% 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 Sawmill Settlement?
House prices in Sawmill Settlement are up 1.8% over the past year and down 5.9% over three years. 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 Sawmill Settlement?
The current vacancy rate in Sawmill Settlement is 1.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Sawmill Settlement?
Sawmill Settlement has a population of approximately 86 residents, with a median age of 42.
What schools are near Sawmill Settlement?
There are 1 school within roughly 5km of Sawmill Settlement. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Sawmill Settlement's population growing?
The population of Sawmill Settlement has grown about 12% 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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