Upwey is a mid-sized suburb in Victoria within the Yarra Ranges local government area (postcode 3158). With a population of 6,818, the suburb has an established demographic with a median age of 41. Households earn a median income of $113K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Upwey is $476,000, having remained flat 0% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $1,950.
Upwey is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1080, which is above the national average of 1,000. Public transport access includes 3 rail stations, 30 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Upwey offers a gross rental yield of 5.7%, rated as high yield. Property prices sit below the state median ($476K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 4.2x is considered affordable. House prices have moved +0.0% year-on-year.
Upwey is a mid-sized suburb in Victoria within the Yarra Ranges local government area (postcode 3158). With a population of 6,818, the suburb has an established demographic with a median age of 41. Households earn a median income of $113K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Upwey is $476,000, having remained flat 0% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $1,950.
Upwey is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 1080, which is above the national average of 1,000. Public transport access includes 3 rail stations, 30 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Upwey offers a gross rental yield of 5.7%, rated as high yield. Property prices sit below the state median ($476K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 4.2x is considered affordable. House prices have moved +0.0% year-on-year.