Lower Plenty is a smaller suburb in Victoria within the Banyule local government area (postcode 3093). With a population of 3,962, the suburb has a mature demographic with a median age of 45. Households earn a median income of $112K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Lower Plenty is $1.3 million, having dipped slightly 0.3% over the past year. Units have a median price of $610,000 (-11.2% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,200.
Lower Plenty is served by 1 school, including 1 primary. The average ICSEA score is 1093, which is above the national average of 1,000. Public transport access includes 13 bus stops. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
From an investment perspective, Lower Plenty offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 11.9x is considered stretched. House prices have moved -0.3% year-on-year.
Lower Plenty is a smaller suburb in Victoria within the Banyule local government area (postcode 3093). With a population of 3,962, the suburb has a mature demographic with a median age of 45. Households earn a median income of $112K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Lower Plenty is $1.3 million, having dipped slightly 0.3% over the past year. Units have a median price of $610,000 (-11.2% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,200.
Lower Plenty is served by 1 school, including 1 primary. The average ICSEA score is 1093, which is above the national average of 1,000. Public transport access includes 13 bus stops. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
From an investment perspective, Lower Plenty offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 11.9x is considered stretched. House prices have moved -0.3% year-on-year.