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Upper Lurg, VIC 3673
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$900,000
Median Unit
$485,000
Gross Yield (houses)
2.9%
1yr Growth
-
Investment snapshot for Upper Lurg
Upper Lurg has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Upper Lurg market and investor summary
In Upper Lurg, VIC 3673, the median house sells for around $900K, on a gross rental yield of 2.9% for houses. At 3.0% 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 2.9% will not cover holding costs in the early years, so the case leans on price appreciation. Houses also take time to sell, around 106 days on market, so plan for a slower exit if you ever need one.
Living in Upper Lurg: people, income and schools
About 107 people live in Upper Lurg, a number that has held fairly steady over five years. At a median age of 50, it reads as an older, established demographic, and 100% 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 $80,000 a year (about $1,540 a week). On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 11.2 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.
There is 1 school within about 5km, testing a little above the national school average on ICSEA.
- Population
- 107
- +1% over 5yr
- Median age
- 50 years
- Median household income
- $80,000/yr
- Households renting
- 8%
- Family households
- 77%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 1026
- Unemployment
- 2.8%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Upper Lurg
No properties currently listed in Upper Lurg
Search Upper Lurg listings →Frequently asked questions about Upper Lurg
What should I check before investing in Upper Lurg?
Upper Lurg 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 Upper Lurg?
The median property price in Upper Lurg, VIC 3673 is $900K for houses and $485K for units.
What rental yield does Upper Lurg show?
The gross rental yield in Upper Lurg is 2.9% for houses and 2.0% for units. 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 Upper Lurg?
The current vacancy rate in Upper Lurg is 3.0%. 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 Upper Lurg?
Upper Lurg has a population of approximately 107 residents, with a median age of 50.
What schools are near Upper Lurg?
There are 1 school within roughly 5km of Upper Lurg. 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 Upper Lurg affordable to buy in?
A median house in Upper Lurg costs about 11.2 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 Upper Lurg's population growing?
The population of Upper Lurg has grown modestly, about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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