Nunawading is a well-established suburb in Victoria within the Whitehorse local government area (postcode 3131). With a population of 12,413, the suburb has an established demographic with a median age of 39. Households earn a median income of $101K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Nunawading is $1.2 million, having declined 3.1% over the past year. Units have a median price of $798,000 (+8.5% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,167.
Nunawading is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1100, which is well above the national average of 1,000. Public transport access includes 6 rail stations, 65 bus stops. The crime rate in the Whitehorse LGA is moderate at 6,384 incidents per 100,000 population.
From an investment perspective, Nunawading offers a gross rental yield of 2.5%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 11.4x is considered stretched. House prices have moved -3.1% year-on-year.
Nunawading is a well-established suburb in Victoria within the Whitehorse local government area (postcode 3131). With a population of 12,413, the suburb has an established demographic with a median age of 39. Households earn a median income of $101K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Nunawading is $1.2 million, having declined 3.1% over the past year. Units have a median price of $798,000 (+8.5% YoY). The current median weekly rent is $550. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,167.
Nunawading is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1100, which is well above the national average of 1,000. Public transport access includes 6 rail stations, 65 bus stops. The crime rate in the Whitehorse LGA is moderate at 6,384 incidents per 100,000 population.
From an investment perspective, Nunawading offers a gross rental yield of 2.5%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 11.4x is considered stretched. House prices have moved -3.1% year-on-year.