Viewbank is a mid-sized suburb in Victoria within the Banyule local government area (postcode 3084). With a population of 7,030, the suburb has an established demographic with a median age of 43. Households earn a median income of $107K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Viewbank is $725,000, having remained flat 0% over the past year. Units have a median price of $685,000 (-7.4% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $2,171.
Viewbank is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1132, which is well above the national average of 1,000. Public transport access includes 23 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, Viewbank offers a gross rental yield of 3.6%, rated as moderate yield. Property prices are near the state median ($725K/$875K). The price-to-income ratio of 6.8x is considered moderate. House prices have moved +0.0% year-on-year.
Viewbank is a mid-sized suburb in Victoria within the Banyule local government area (postcode 3084). With a population of 7,030, the suburb has an established demographic with a median age of 43. Households earn a median income of $107K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Viewbank is $725,000, having remained flat 0% over the past year. Units have a median price of $685,000 (-7.4% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 3.6%. The median monthly mortgage repayment is $2,171.
Viewbank is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1132, which is well above the national average of 1,000. Public transport access includes 23 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, Viewbank offers a gross rental yield of 3.6%, rated as moderate yield. Property prices are near the state median ($725K/$875K). The price-to-income ratio of 6.8x is considered moderate. House prices have moved +0.0% year-on-year.