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Shelford, VIC 3329
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$745,000
market range $625K-$1.4M
Median Unit
$570,000
Gross Yield (houses)
2.2%
1yr Growth
-
Investment snapshot for Shelford
Shelford has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Shelford market and investor summary
Shelford (VIC 3329) runs a median house price of $745K, with houses yielding a gross 2.2%. At 5.5% 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 2.2% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 5.5% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 72 days on market, so plan for a slower exit if you ever need one.
Living in Shelford: people, income and schools
Shelford has a resident population of roughly 263, and the area has been growing steadily, up about 15% over five years. The median age is 39, broadly working-age, and 84% 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 $92,000 a year, or roughly $1,780 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 about 8.1 times local household income, in line with much of metropolitan Australia. Incomes have risen about 53% 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
- 263
- +15% over 5yr
- Median age
- 39 years
- Median household income
- $92,000/yr
- Households renting
- 13%
- Family households
- 84%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1031
- Unemployment
- 2.9%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Shelford
View all →Frequently asked questions about Shelford
What should I check before investing in Shelford?
Shelford 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 Shelford?
The median property price in Shelford, VIC 3329 is $745K for houses and $570K for units.
What rental yield does Shelford show?
The gross rental yield in Shelford is 2.2% 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 Shelford?
The current vacancy rate in Shelford is 5.5%. 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 Shelford?
Shelford has a population of approximately 263 residents, with a median age of 39.
What schools are near Shelford?
There are 1 school within roughly 5km of Shelford. 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 Shelford affordable to buy in?
A median house in Shelford costs about 8.1 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 Shelford's population growing?
The population of Shelford has grown about 15% 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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