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St Leonards, VIC 3223
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$740,000
market range $675K-$850K
Median Unit
$490,000
market range $450K-$525K
Gross Yield (houses)
3.8%
1yr Growth (houses)
+2.5%
market range +0.0% to +22.5%
Investment snapshot for St Leonards
St Leonards has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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St Leonards market and investor summary
In St Leonards, VIC 3223, the median house sells for around $740K, on a gross rental yield of 3.8% for houses. House prices have moved +2.5% over the past year and -3.0% over three years. At 1.2% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.2% and a resident base that is not shrinking. If you are weighing units rather than houses, a pipeline of new approvals is worth watching as future supply that can hold back apartment price and rent growth.
Living in St Leonards: people, income and schools
St Leonards has a resident population of roughly 3,542, and the area has been growing steadily, up about 22% over five years. At a median age of 56, it reads as an older, established demographic, and 73% 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 $62,000 a year (about $1,180 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to a steep 12.0 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 37% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There is 1 school within about 5km, testing a little above the national school average on ICSEA. St Leonards sits about 45 km from the CBD. It is fairly car-dependent; the suburb scores 38 for walkability and 7 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 3,542
- +22% over 5yr
- Median age
- 56 years
- Median household income
- $62,000/yr
- Households renting
- 24%
- Family households
- 68%
- Socio-economic rank
- 4/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1033
- Unemployment
- 6.1%
- Distance to CBD
- 45 km
- Walk score
- 38/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in St Leonards
View all →Frequently asked questions about St Leonards
What should I check before investing in St Leonards?
St Leonards has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.1%, giving a stronger rent-to-price starting point than many suburbs. Tight rental market (1.2% 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 St Leonards?
The median property price in St Leonards, VIC 3223 is $740K for houses and $490K for units.
What rental yield does St Leonards show?
The gross rental yield in St Leonards is 3.8% for houses and 5.1% 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 St Leonards?
House prices in St Leonards are up 2.5% over the past year and down 3.0% 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 St Leonards?
The current vacancy rate in St Leonards is 1.2%. 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 St Leonards?
St Leonards has a population of approximately 3,542 residents, with a median age of 56.
What schools are near St Leonards?
There are 1 school within roughly 5km of St Leonards. 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 St Leonards affordable to buy in?
A median house in St Leonards costs about 12.0 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 St Leonards's population growing?
The population of St Leonards has grown about 22% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is St Leonards from the CBD?
St Leonards is about 45 km from the CBD.
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