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Waurn Ponds, VIC 3216
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$810,000
market range $775K-$850K
Median Unit
$535,000
list-price estimate
Gross Yield (houses)
3.8%
1yr Growth (houses)
+5.4%
market range +2.5% to +10.0%
Investment snapshot for Waurn Ponds
Waurn Ponds has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Waurn Ponds market and investor summary
In Waurn Ponds, VIC 3216, the median house sells for around $810K, on a gross rental yield of 3.8% for houses. House prices have moved +5.4% over the past year and -4.4% over three years. At 3.7% vacancy, it is a softer rental market with more choice for tenants.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet. Demand is softer at 3.7% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Waurn Ponds: people, income and schools
About 4,956 people live in Waurn Ponds, and the area has been growing steadily, up about 12% over five years. At a median age of 27, it reads as younger than the national median, and 78% 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 $119,000 a year (about $2,290 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 about 6.8 times local household income, in line with much of metropolitan Australia. Locally, around 38% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 21 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Waurn Ponds sits about 73 km from the CBD. It is fairly car-dependent; the suburb scores 10 for walkability and 90 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 4,956
- +12% over 5yr
- Median age
- 27 years
- Median household income
- $119,000/yr
- Households renting
- 21%
- Family households
- 81%
- Socio-economic rank
- 7/10
- ABS advantage index
- Schools within 5km
- 21
- avg ICSEA 1006
- Unemployment
- 2.8%
- Distance to CBD
- 73 km
- Walk score
- 10/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Waurn Ponds
View all →Frequently asked questions about Waurn Ponds
What should I check before investing in Waurn Ponds?
Waurn Ponds has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +5.4% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Waurn Ponds?
The median property price in Waurn Ponds, VIC 3216 is $810K for houses.
What rental yield does Waurn Ponds show?
The gross rental yield in Waurn Ponds is 3.8% for houses. 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 Waurn Ponds?
House prices in Waurn Ponds are up 5.4% over the past year and down 4.4% 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 Waurn Ponds?
The current vacancy rate in Waurn Ponds is 3.7%. 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 Waurn Ponds?
Waurn Ponds has a population of approximately 4,956 residents, with a median age of 27.
What schools are near Waurn Ponds?
There are 21 schools within roughly 5km of Waurn Ponds. 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 Waurn Ponds affordable to buy in?
A median house in Waurn Ponds costs about 6.8 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 Waurn Ponds's population growing?
The population of Waurn Ponds has grown about 12% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Waurn Ponds from the CBD?
Waurn Ponds is about 73 km from the CBD.
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