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Strathmore, VIC 3041
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,525,000
market range $1.4M-$1.7M
Median Unit
$475,000
list-price estimate
Gross Yield (houses)
2.7%
1yr Growth (houses)
-5.5%
market range -12.5% to +20.0%
Investment snapshot for Strathmore
Strathmore has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Strathmore market and investor summary
In Strathmore, VIC 3041, the median house sells for around $1.5M, on a gross rental yield of 2.7% for houses. House prices have moved -5.5% over the past year. At 2.8% vacancy, it is a broadly balanced rental market.
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.
Living in Strathmore: people, income and schools
Strathmore has a resident population of roughly 8,980, a number that has held fairly steady over five years. At a median age of 41, it reads as skewed a little older, and 84% 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 $130,000 a year (about $2,510 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 11.7 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 74 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Strathmore sits about 9.8 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 86 for walkability and 20 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 8,980
- +2% over 5yr
- Median age
- 41 years
- Median household income
- $130,000/yr
- Households renting
- 16%
- Family households
- 56%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 74
- avg ICSEA 1088
- Unemployment
- 2.1%
- Distance to CBD
- 9.8 km
- Walk score
- 86/100
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
View all →Frequently asked questions about Strathmore
What should I check before investing in Strathmore?
Strathmore has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.4% gives a usable rent-to-price starting point. Walkability score of 86 broadens the tenant pool beyond car-dependent renters. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Strathmore?
The median property price in Strathmore, VIC 3041 is $1.5M for houses.
What rental yield does Strathmore show?
The gross rental yield in Strathmore is 2.7% for houses and 4.4% 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?
House prices in Strathmore are down 5.5% over the past year. 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?
The current vacancy rate in Strathmore is 2.8%. 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 Strathmore?
Strathmore has a population of approximately 8,980 residents, with a median age of 41.
What schools are near Strathmore?
There are 74 schools within roughly 5km of Strathmore. 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 affordable to buy in?
A median house in Strathmore costs about 11.7 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's population growing?
The population of Strathmore 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 from the CBD?
Strathmore is about 9.8 km from the CBD.
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