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Shepherds Flat, VIC 3461
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$925,000
list-price estimate
Median Unit
$950,000
Gross Yield (houses)
2.1%
1yr Growth
-
Investment snapshot for Shepherds Flat
Shepherds Flat has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Shepherds Flat market and investor summary
In Shepherds Flat, VIC 3461, houses show a gross rental yield of 2.1%. At 3.3% 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 2.1% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 89 days on market, so plan for a slower exit if you ever need one.
Living in Shepherds Flat: people, income and schools
About 71 people live in Shepherds Flat, and the area has been growing steadily, up about 6% over five years. At a median age of 52, it reads as an older, established demographic, and 86% 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 $63,000 a year (about $1,220 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 32% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 3 for walkability out of 100.
- Population
- 71
- +6% over 5yr
- Median age
- 52 years
- Median household income
- $63,000/yr
- Households renting
- 10%
- Family households
- 54%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1008
- Unemployment
- 2.5%
- Walk score
- 3/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Shepherds Flat
View all →Frequently asked questions about Shepherds Flat
What should I check before investing in Shepherds Flat?
Shepherds 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 Shepherds Flat?
The median property price in Shepherds Flat, VIC 3461 is $950K for units.
What rental yield does Shepherds Flat show?
The gross rental yield in Shepherds Flat is 2.1% for houses and 2.5% for units. 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 Shepherds Flat?
The current vacancy rate in Shepherds Flat is 3.3%. 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 Shepherds Flat?
Shepherds Flat has a population of approximately 71 residents, with a median age of 52.
What schools are near Shepherds Flat?
There are 1 school within roughly 5km of Shepherds Flat. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Shepherds Flat's population growing?
The population of Shepherds 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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