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Selby, VIC 3159
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$870,000
market range $825K-$950K
Median Unit
$655,000
Gross Yield (houses)
4.2%
1yr Growth (houses)
+2.4%
market range -2.5% to +5.0%
Investment snapshot for Selby
Selby has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Selby market and investor summary
In Selby, VIC 3159, the median house sells for around $870K, on a gross rental yield of 4.2% for houses. House prices have moved +2.4% over the past year and +2.4% over three years. At 2.3% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.2% is neither a standout cashflow play nor a pure growth bet.
Living in Selby: people, income and schools
Selby has a resident population of roughly 1,626, a count that has slipped about 4% over five years. At a median age of 40, it reads as skewed a little older, and 94% 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 $119,000 a year (about $2,280 a week). On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to about 7.3 times local household income, in line with much of metropolitan Australia. Incomes have risen about 22% over five years, which tends to underpin what local buyers can pay.
Families have 14 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Selby sits about 38 km from the CBD. It is fairly car-dependent; the suburb scores 6 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 1,626
- -4% over 5yr
- Median age
- 40 years
- Median household income
- $119,000/yr
- Households renting
- 6%
- Family households
- 51%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 14
- avg ICSEA 1093
- Unemployment
- 4.0%
- Distance to CBD
- 38 km
- Walk score
- 6/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Selby
View all →Frequently asked questions about Selby
What should I check before investing in Selby?
Selby has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.2% gives a usable rent-to-price starting point. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Selby?
The median property price in Selby, VIC 3159 is $870K for houses and $655K for units.
What rental yield does Selby show?
The gross rental yield in Selby is 4.2% 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 Selby?
House prices in Selby are up 2.4% over the past year and up 2.4% 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 Selby?
The current vacancy rate in Selby is 2.3%. 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 Selby?
Selby has a population of approximately 1,626 residents, with a median age of 40.
What schools are near Selby?
There are 14 schools within roughly 5km of Selby. 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 Selby affordable to buy in?
A median house in Selby costs about 7.3 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 Selby's population growing?
The population of Selby has fallen about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Selby from the CBD?
Selby is about 38 km from the CBD.
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