Free full calculator โ†’
Suburb Insights ยท VIC 3940

Capel Sound 3940, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Capel Sound is a coastal suburb in Victoria, Australia, with a population of approximately 5,246, making it a smaller community. Located approximately 63 km from the Melbourne CBD, Capel Sound is a coastal area in Victoria. The median household income is $49,400 AUD per year (ABS 2021 Census).

Investment Score

40 / 100 Weak

Lower income levels in Capel Sound typically translate to more affordable entry points for investors. Seaside positioning attracts both owner-occupiers and holiday rental demand.

Location

Map shows Capel Sound, Victoria, Australia.

Key Indicators

Postcode
3940

Official Australia Post postcode for Capel Sound. A postcode may cover multiple suburbs.

Australia Post Postcode Finder โ†’
Population
5,246

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

ABS Census Data โ†’
Median Rent (weekly)
$350/wk

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

State Rental Authority โ†’
Median Household Income
$49,400/yr

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

ABS Census Data โ†’
Distance to CBD
63 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.

Find schools near Capel Sound on My School โ†’
Parks & green spaces
2

Estimated 2 parks 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
46% 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

Coastal lifestyle is a strong draw for Capel Sound, supporting both long-term rental demand and holiday letting potential. Seaside suburbs in Victoria consistently attract interstate migration and lifestyle buyers. The median rent of $350/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,603/month.

Investment Strategy

โš ๏ธ
Buy & Hold

A buy-and-hold approach in Capel Sound could work well with careful property selection and a longer time horizon.

โš ๏ธ
Rental Yield

Rental yields in Capel Sound are moderate โ€” screen for properties that offer above-average returns.

โš ๏ธ
Renovation / Flip

Selective flip opportunities exist in Capel Sound for investors with local market knowledge.

Risk Factors

Run the numbers on a Capel Sound property

Full Property Analysis

30-year projections for Capel Sound

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

Create free account โ†’
Or jump straight to a calculator: Loan Serviceability First Home Buyer Grants

2026 Outlook

Growth: Low Rental Demand: Moderate Investor Sentiment: Low

Capital growth in Capel Sound may remain subdued in 2026, with limited demand drivers in the near term. The rental market in Capel Sound should see steady occupancy, with moderate upward pressure on rents. Capel Sound is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Capel Sound a good suburb for investment?

Capel Sound is a coastal area in Victoria with a population of 5,246. The median rent is $350/week and the median household income is $49,400/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 Capel Sound?

Key demand drivers in Capel Sound include lifestyle appeal and proximity to the coast. 46% of dwellings are separate houses. The area has approximately 1 schools and 2 parks nearby.

What is the population of Capel Sound?

According to the ABS 2021 Census, Capel Sound has a population of approximately 5,246. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Capel Sound from the Melbourne CBD?

Capel Sound is approximately 63 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.

Explore Nearby Suburbs

Victoria Property Resources