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Tower Hill, VIC 3283
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$3,545,000
market range $700K-$3.6M
Median Unit
$435,000
list-price estimate
Gross Yield
-
1yr Growth
-
Investment snapshot for Tower Hill
Tower Hill has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Tower Hill market and investor summary
Tower Hill (VIC 3283) runs a median house price of $3.5M. At 6.0% vacancy, it is a softer rental market with more choice for tenants.
Demand is softer at 6.0% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Tower Hill: people, income and schools
Tower Hill is home to around 83 people, a number that has held fairly steady over five years. The median age is 60, an older, established demographic, and 89% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
There are 2 schools within about 5km, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 83
- +4% over 5yr
- Median age
- 60 years
- Households renting
- 10%
- Family households
- 79%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 2
- avg ICSEA 1009
- Unemployment
- 1.2%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Tower Hill
No properties currently listed in Tower Hill
Search Tower Hill listings →Frequently asked questions about Tower Hill
What should I check before investing in Tower Hill?
Tower Hill has enough public data for first-pass screening across yield, vacancy, price and supply signals. Houses sell quickly (23 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 Tower Hill?
The median property price in Tower Hill, VIC 3283 is $3.5M for houses.
How tight is the rental market in Tower Hill?
The current vacancy rate in Tower Hill is 6.0%. 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 Tower Hill?
Tower Hill has a population of approximately 83 residents, with a median age of 60.
What schools are near Tower Hill?
There are 2 schools within roughly 5km of Tower Hill. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Tower Hill's population growing?
The population of Tower Hill has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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