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Suburb Insights ยท VIC 3823

Allambee 3823, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Allambee is a regional centre in Victoria, Australia, with a population of approximately 24, making it a boutique locality. Located approximately 107 km from the Melbourne CBD, Allambee is a regional area in Victoria. The median household income is $61,724 AUD per year (ABS 2021 Census).

Investment Score

30 / 100 Weak

Allambee's income profile suggests a value-oriented market with competitive purchase prices. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Allambee, Victoria, Australia.

Key Indicators

Postcode
3823

Official Australia Post postcode for Allambee. A postcode may cover multiple suburbs.

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Population
24

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
N/A

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$61,724/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
107 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,603/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
71% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Allambee serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans.

Investment Strategy

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Buy & Hold

Capital growth in Allambee may be constrained โ€” consider alternative strategies.

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Rental Yield

Achieving strong cash flow in Allambee is challenging at current rent-to-price ratios.

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Renovation / Flip

Renovation or flip strategies in Allambee face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

Run the numbers on a Allambee property

Full Property Analysis

30-year projections for Allambee

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Allambee faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Allambee's 2026 outlook. Allambee is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Allambee a good suburb for investment?

Allambee is a regional area in Victoria with a population of 24. the median household income is $61,724/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Allambee?

Key demand drivers in Allambee include regional employment hubs, lifestyle, and affordability. 71% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Allambee?

According to the ABS 2021 Census, Allambee has a population of approximately 24. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Allambee from the Melbourne CBD?

Allambee is approximately 107 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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