Not sure where to invest? Take the 2-min quiz and we'll rank your top 10 suburbs.
Take the 2-min quiz12,000+ suburbs | 110k+ live listings | refreshed daily
Sign up free to save this suburb, build a shortlist, and compare against 12,000+ Australian suburbs.
See a sample suburb report before signing up or paying. | Take the 30-second product tour
Strathmore Heights, VIC 3041
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,190,000
market range $1.1M-$1.2M
Median Unit
$475,000
list-price estimate
Gross Yield (units)
4.3%
1yr Growth (houses)
+7.3%
market range -5.0% to +12.5%
Investment snapshot for Strathmore Heights
Strathmore Heights has enough public data for first-pass screening across yield, vacancy, price and supply signals.
Read the full Strathmore Heights verdict
Pros, risks, supporting metrics, investment score and cashflow. Included with Pro access.
Short-term access. No subscription. See all plans
See sample analysis before paying.
Investment score breakdown
See exactly which signals drive Strathmore Heights - yield, growth, affordability, vacancy, livability, safety, and demographics.
Access from $20. Cancel anytime. See all plans
Secure checkout by Stripe. Cancel anytime.
Strathmore Heights market and investor summary
In Strathmore Heights, VIC 3041, the median house sells for around $1.2M. House prices have moved +7.3% over the past year and +12.7% over three years. At 1.4% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.4% and a resident base that is not shrinking.
Living in Strathmore Heights: people, income and schools
About 1,047 people live in Strathmore Heights, a number that has held fairly steady over five years. At a median age of 42, it reads as skewed a little older, and 85% 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 $103,000 a year (about $1,980 a week). On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 11.6 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 14% over five years, which tends to underpin what local buyers can pay.
Families have 68 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Strathmore Heights sits about 13 km from the CBD. It is fairly car-dependent; the suburb scores 32 for walkability and 42 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 1,047
- +2% over 5yr
- Median age
- 42 years
- Median household income
- $103,000/yr
- Households renting
- 15%
- Family households
- 56%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 68
- avg ICSEA 1087
- Unemployment
- 2.1%
- Distance to CBD
- 13 km
- Walk score
- 32/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Strathmore Heights
View all →Frequently asked questions about Strathmore Heights
What should I check before investing in Strathmore Heights?
Strathmore Heights has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.3% gives a usable rent-to-price starting point. Capital growth of +7.3% 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 Strathmore Heights?
The median property price in Strathmore Heights, VIC 3041 is $1.2M for houses.
What rental yield does Strathmore Heights show?
The gross rental yield in Strathmore Heights is 4.3% 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 Strathmore Heights?
House prices in Strathmore Heights are up 7.3% over the past year and up 12.7% 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 Strathmore Heights?
The current vacancy rate in Strathmore Heights is 1.4%. 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 Strathmore Heights?
Strathmore Heights has a population of approximately 1,047 residents, with a median age of 42.
What schools are near Strathmore Heights?
There are 68 schools within roughly 5km of Strathmore Heights. 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 Strathmore Heights affordable to buy in?
A median house in Strathmore Heights costs about 11.6 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 Strathmore Heights's population growing?
The population of Strathmore Heights has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Strathmore Heights from the CBD?
Strathmore Heights is about 13 km from the CBD.
Keep researching with PropRadar
Free tools for the rest of your investment decision, no card required.
Beyond each listing
PropRadar works across your whole search: shortlists and portfolios start free, while heavier discovery, export and advisory workflows are available on paid tiers.
Portfolio tracking
Track owned properties with portfolio value, LVR, yield, cashflow and allocation rolled up in one place.
Open portfolioWatchlists and saved searches
Shortlist up to 5 properties and suburbs for free. Essentials raises the limits and adds saved search alerts.
Open watchlistDeal Finder
A live Pro browser for undervalued listings with solid yield, ranked so thin price gaps stay out of the list.
Open Deal FinderMarket Finder
Shortlist suburbs by yield, growth, vacancy, active inventory and sales depth before you inspect individual listings.
Open Market FinderStrategy tools
Hold vs Sell, Stress Tester, Strategy Recommender and Portfolio Rebalancer for decisions across several properties.
Open toolsBuilding a product on property data? Explore the PropRadar API