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The Basin, VIC 3154

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental Market

Median House

$950,000

market range $925K-$1M

Median Unit

$685,000

list-price estimate

Gross Yield (units)

3.3%

1yr Growth (houses)

+3.1%

market range -2.5% to +10.0%

Investment snapshot for The Basin

The Basin has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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The Basin market and investor summary

In The Basin, VIC 3154, the median house sells for around $950K. House prices have moved +3.1% over the past year. At 1.2% vacancy, it is a tight rental market that favours landlords.

Living in The Basin: people, income and schools

The Basin is home to around 4,497 people, a number that has held fairly steady over five years. At a median age of 40, it reads as skewed a little older, and 88% 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 $105,000 a year (about $2,020 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 9.0 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.

Families have 25 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. The Basin sits about 32 km from the CBD. It is fairly car-dependent; the suburb scores 27 for walkability and 4 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).

Population
4,497
-1% over 5yr
Median age
40 years
Median household income
$105,000/yr
Households renting
10%
Family households
79%
Socio-economic rank
8/10
ABS advantage index
Schools within 5km
25
avg ICSEA 1051
Unemployment
4.6%
Distance to CBD
32 km
Walk score
27/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in The Basin

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Frequently asked questions about The Basin

What should I check before investing in The Basin?

The Basin has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.2% vacancy) gives landlords pricing power and low rental downtime. Houses sell quickly (17 days on market), which points to strong sales liquidity. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in The Basin?

The median property price in The Basin, VIC 3154 is $950K for houses.

What rental yield does The Basin show?

The gross rental yield in The Basin is 3.3% 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 The Basin?

House prices in The Basin are up 3.1% 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 The Basin?

The current vacancy rate in The Basin 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 The Basin?

The Basin has a population of approximately 4,497 residents, with a median age of 40.

What schools are near The Basin?

There are 25 schools within roughly 5km of The Basin. 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 The Basin affordable to buy in?

A median house in The Basin costs about 9.0 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 The Basin's population growing?

The population of The Basin has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is The Basin from the CBD?

The Basin is about 32 km from the CBD.

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