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Steiglitz, VIC 3331
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$990,000
market range $950K-$1.6M
Median Unit
$370,000
Gross Yield (houses)
2.7%
1yr Growth
-
Investment snapshot for Steiglitz
Steiglitz has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Steiglitz market and investor summary
In Steiglitz, VIC 3331, the median house sells for around $990K, on a gross rental yield of 2.7% for houses. At 0.9% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.7% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.9% and a resident base that is not shrinking. Houses also take time to sell, around 172 days on market, so plan for a slower exit if you ever need one.
Living in Steiglitz: people, income and schools
Steiglitz has a resident population of roughly 61, and the area has been growing steadily, up about 11% over five years. At a median age of 52, it reads as an older, established demographic, and 87% 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 $55,000 a year (about $1,060 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 a steep 17.9 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
Steiglitz sits about 69 km from the CBD. It is fairly car-dependent; the suburb scores 3 for walkability out of 100.
- Population
- 61
- +11% over 5yr
- Median age
- 52 years
- Median household income
- $55,000/yr
- Households renting
- 11%
- Family households
- 76%
- Socio-economic rank
- 7/10
- ABS advantage index
- Unemployment
- 2.4%
- Distance to CBD
- 69 km
- 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 Steiglitz
View all →Frequently asked questions about Steiglitz
What should I check before investing in Steiglitz?
Steiglitz has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 6.1%, before expenses, tax and loan costs. Tight rental market (0.9% 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 Steiglitz?
The median property price in Steiglitz, VIC 3331 is $990K for houses and $370K for units.
What rental yield does Steiglitz show?
The gross rental yield in Steiglitz is 2.7% for houses and 6.1% 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 Steiglitz?
The current vacancy rate in Steiglitz is 0.9%. 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 Steiglitz?
Steiglitz has a population of approximately 61 residents, with a median age of 52.
Is Steiglitz affordable to buy in?
A median house in Steiglitz costs about 17.9 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 Steiglitz's population growing?
The population of Steiglitz has grown about 11% 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 Steiglitz from the CBD?
Steiglitz is about 69 km from the CBD.
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