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Upwey, VIC 3158
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$910,000
market range $825K-$1M
Median Unit
$550,000
list-price estimate
Gross Yield (units)
3.5%
1yr Growth (houses)
+4.7%
market range +0.0% to +7.5%
Investment snapshot for Upwey
Upwey has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Upwey market and investor summary
In Upwey, VIC 3158, the median house sells for around $910K. House prices have moved +4.7% over the past year and -1.1% over three years. At 0.5% vacancy, it is a tight rental market that favours landlords.
Living in Upwey: people, income and schools
Upwey is home to around 6,818 people, a number that has held fairly steady over five years. At a median age of 41, it reads as skewed a little older, 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.
The typical household income runs to around $113,000 a year (about $2,170 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 about 8.1 times local household income, in line with much of metropolitan Australia. Incomes have risen about 17% over five years, which tends to underpin what local buyers can pay.
Families have 20 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Upwey sits about 34 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 68 for walkability and 81 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.
- Population
- 6,818
- -1% over 5yr
- Median age
- 41 years
- Median household income
- $113,000/yr
- Households renting
- 10%
- Family households
- 81%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 20
- avg ICSEA 1063
- Unemployment
- 3.3%
- Distance to CBD
- 34 km
- Walk score
- 68/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Upwey
View all →Frequently asked questions about Upwey
What should I check before investing in Upwey?
Upwey has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +4.7% in the past year shows positive recent price momentum. Tight rental market (0.5% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Upwey?
The median property price in Upwey, VIC 3158 is $910K for houses.
What rental yield does Upwey show?
The gross rental yield in Upwey is 3.5% 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 Upwey?
House prices in Upwey are up 4.7% over the past year and down 1.1% over three years. 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 Upwey?
The current vacancy rate in Upwey is 0.5%. 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 Upwey?
Upwey has a population of approximately 6,818 residents, with a median age of 41.
What schools are near Upwey?
There are 20 schools within roughly 5km of Upwey. 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 Upwey affordable to buy in?
A median house in Upwey costs about 8.1 times the median local household income (broadly in line with metropolitan Australia). 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 Upwey's population growing?
The population of Upwey 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 Upwey from the CBD?
Upwey is about 34 km from the CBD.
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