Harkness is a well-established suburb in Victoria within the Melton local government area (postcode 3337). With a population of 12,463, the suburb has a young professional demographic with a median age of 30. Households earn a median income of $91K per year, with an average household size of 3.1 people. The most common occupations are technicians & trades, community & personal service, machinery operators & drivers. The top ancestries reported are Australian, English, Indian.
The median house price in Harkness is $570,000, having dipped slightly 1.7% over the past year. Units have a median price of $395,000 (-9.2% YoY). The current median weekly rent is $470. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,700.
Harkness is served by 1 school, including 1 primary. The average ICSEA score is 999, which is around the national average of 1,000. Public transport access includes 33 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Harkness offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($570K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.3x is considered moderate. House prices have moved -1.7% year-on-year.
Harkness is a well-established suburb in Victoria within the Melton local government area (postcode 3337). With a population of 12,463, the suburb has a young professional demographic with a median age of 30. Households earn a median income of $91K per year, with an average household size of 3.1 people. The most common occupations are technicians & trades, community & personal service, machinery operators & drivers. The top ancestries reported are Australian, English, Indian.
The median house price in Harkness is $570,000, having dipped slightly 1.7% over the past year. Units have a median price of $395,000 (-9.2% YoY). The current median weekly rent is $470. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,700.
Harkness is served by 1 school, including 1 primary. The average ICSEA score is 999, which is around the national average of 1,000. Public transport access includes 33 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Harkness offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($570K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.3x is considered moderate. House prices have moved -1.7% year-on-year.