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The Patch, VIC 3792
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,270,000
list-price estimate
Median Unit
$1,185,000
Gross Yield (houses)
2.8%
1yr Growth
-
Investment snapshot for The Patch
The Patch has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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The Patch market and investor summary
In The Patch, VIC 3792, houses show a gross rental yield of 2.8%. At 3.5% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.8% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 3.5% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in The Patch: people, income and schools
The Patch is home to around 1,046 people, a count that has slipped about 4% over five years. The median age is 46, skewed a little older, and 90% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $109,000 a year, or roughly $2,090 a week. On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). Incomes have risen about 19% over five years, which tends to underpin what local buyers can pay.
There are 14 schools within about 5km, testing a little above the national school average on ICSEA. It is roughly 39 km from the CBD. It is fairly car-dependent; the suburb scores 11 for walkability and 15 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 1,046
- -4% over 5yr
- Median age
- 46 years
- Median household income
- $109,000/yr
- Households renting
- 10%
- Family households
- 58%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 14
- avg ICSEA 1071
- Unemployment
- 3.0%
- Distance to CBD
- 39 km
- Walk score
- 11/100
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 Patch
View all →Frequently asked questions about The Patch
What should I check before investing in The Patch?
The Patch has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in The Patch?
The median property price in The Patch, VIC 3792 is $1.2M for units.
What rental yield does The Patch show?
The gross rental yield in The Patch is 2.8% for houses. 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 The Patch?
The current vacancy rate in The Patch is 3.5%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in The Patch?
The Patch has a population of approximately 1,046 residents, with a median age of 46.
What schools are near The Patch?
There are 14 schools within roughly 5km of The Patch. 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 Patch's population growing?
The population of The Patch has fallen about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is The Patch from the CBD?
The Patch is about 39 km from the CBD.
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