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Viewbank, VIC 3084
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,225,000
market range $1.1M-$1.3M
Median Unit
$730,000
market range $675K-$850K
Gross Yield (houses)
3.2%
1yr Growth (houses)
+0.7%
market range -10.0% to +7.5%
Investment snapshot for Viewbank
Viewbank has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Viewbank market and investor summary
Viewbank (VIC 3084) runs a median house price of $1.2M, with houses yielding a gross 3.2%. House prices have moved +0.7% over the past year. 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 3.2% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Viewbank: people, income and schools
About 7,030 people live in Viewbank, a number that has held fairly steady over five years. The median age is 43, skewed a little older, and 85% 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 $107,000 a year, or roughly $2,060 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 a steep 11.4 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.
There are 52 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 14 km from the CBD. It is fairly car-dependent; the suburb scores 16 for walkability and 6 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.
- Population
- 7,030
- +1% over 5yr
- Median age
- 43 years
- Median household income
- $107,000/yr
- Households renting
- 13%
- Family households
- 80%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 52
- avg ICSEA 1136
- Unemployment
- 2.6%
- Distance to CBD
- 14 km
- Walk score
- 16/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Viewbank
View all →Frequently asked questions about Viewbank
What should I check before investing in Viewbank?
Viewbank 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 Viewbank?
The median property price in Viewbank, VIC 3084 is $1.2M for houses and $730K for units.
What rental yield does Viewbank show?
The gross rental yield in Viewbank is 3.2% for houses and 3.9% 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 Viewbank?
House prices in Viewbank are up 0.7% 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 Viewbank?
The current vacancy rate in Viewbank 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 Viewbank?
Viewbank has a population of approximately 7,030 residents, with a median age of 43.
What schools are near Viewbank?
There are 52 schools within roughly 5km of Viewbank. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Viewbank affordable to buy in?
A median house in Viewbank costs about 11.4 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 Viewbank's population growing?
The population of Viewbank 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 Viewbank from the CBD?
Viewbank is about 14 km from the CBD.
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