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Snake Valley, VIC 3351
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$690,000
list-price estimate
Median Unit
$320,000
Gross Yield (houses)
6.0%
1yr Growth (houses)
+6.1%
market range -12.5% to +10.0%
Investment snapshot for Snake Valley
Snake Valley has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Snake Valley market and investor summary
In Snake Valley, VIC 3351, houses show a gross rental yield of 6.0%. House prices have moved +6.1% over the past year and -26.8% over three years. 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 6.0% does more of the early heavy lifting than capital growth usually would at this price point. Houses also take time to sell, around 96 days on market, so plan for a slower exit if you ever need one.
Living in Snake Valley: people, income and schools
Snake Valley is home to around 820 people, and the area has been growing steadily, up about 9% over five years. At a median age of 46, it reads as skewed a little older, and 89% 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 $64,000 a year (about $1,230 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). Incomes have risen about 22% 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 7 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 820
- +9% over 5yr
- Median age
- 46 years
- Median household income
- $64,000/yr
- Households renting
- 8%
- Family households
- 74%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 993
- Unemployment
- 3.3%
- Walk score
- 7/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Snake Valley
View all →Frequently asked questions about Snake Valley
What should I check before investing in Snake Valley?
Snake Valley has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid house gross rental yield of 6.0%, giving a stronger rent-to-price starting point than many suburbs. Capital growth of +6.1% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Snake Valley?
The median property price in Snake Valley, VIC 3351 is $320K for units.
What rental yield does Snake Valley show?
The gross rental yield in Snake Valley is 6.0% for houses and 4.8% 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 Snake Valley?
House prices in Snake Valley are up 6.1% over the past year and down 26.8% 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 Snake Valley?
The current vacancy rate in Snake Valley 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 Snake Valley?
Snake Valley has a population of approximately 820 residents, with a median age of 46.
What schools are near Snake Valley?
There are 1 school within roughly 5km of Snake Valley. 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 Snake Valley's population growing?
The population of Snake Valley has grown about 9% 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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