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Suburb Insights ยท VIC 3664

Avenel 3664, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Avenel is a regional centre in Victoria, Australia, with a population of approximately 1,112, making it a boutique locality. Located approximately 103 km from the Melbourne CBD, Avenel is a regional area in Victoria. The median household income is $73,528 AUD per year (ABS 2021 Census).

Investment Score

33 / 100 Weak

Avenel has a solid income profile that supports reliable occupancy rates. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Avenel, Victoria, Australia.

Key Indicators

Postcode
3664

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

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Population
1,112

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

ABS Census Data โ†’
Median Rent (weekly)
$300/wk

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

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Median Household Income
$73,528/yr

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

ABS Census Data โ†’
Distance to CBD
103 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)
$1,509/mo

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

ABS Census Data โ†’
Dwelling Type
87% 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, Avenel 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. The median rent of $300/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,509/month. 87% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Holding property in Avenel over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

Expect competitive but not exceptional rental returns in Avenel's current market.

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Renovation / Flip

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

Risk Factors

Run the numbers on a Avenel property

Full Property Analysis

30-year projections for Avenel

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Price movement in Avenel is expected to be flat to modest in 2026, reflecting broader regional market conditions. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Avenel's 2026 outlook. Avenel is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Avenel a good suburb for investment?

Avenel is a regional area in Victoria with a population of 1,112. The median rent is $300/week and the median household income is $73,528/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 Avenel?

Key demand drivers in Avenel include regional employment hubs, lifestyle, and affordability. 87% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Avenel?

According to the ABS 2021 Census, Avenel has a population of approximately 1,112. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Avenel from the Melbourne CBD?

Avenel is approximately 103 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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