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Suburb Insights ยท VIC 3285

Codrington 3285, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Codrington is a regional centre in Victoria, Australia, with a population of approximately 37, making it a boutique locality. Located approximately 267 km from the Melbourne CBD, Codrington is a regional area in Victoria. The median household income is $97,448 AUD per year (ABS 2021 Census).

Investment Score

43 / 100 Moderate

Codrington benefits from a high-income resident base, supporting premium property pricing. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Codrington, Victoria, Australia.

Key Indicators

Postcode
3285

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

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Population
37

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

ABS Census Data โ†’
Median Rent (weekly)
$50/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
$97,448/yr

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

ABS Census Data โ†’
Distance to CBD
267 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)
$650/mo

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

ABS Census Data โ†’
Dwelling Type
127% 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, Codrington 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 $50/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $650/month. The median household income of $97,448/year reflects a solid demographic, supporting sustainable rental demand. 127% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

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

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Rental Yield

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

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Renovation / Flip

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

Risk Factors

Run the numbers on a Codrington property

Full Property Analysis

30-year projections for Codrington

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Codrington 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 Codrington's 2026 outlook. Sentiment is subdued, though improving local conditions could shift perceptions over time.

Frequently Asked Questions

Is Codrington a good suburb for investment?

Codrington is a regional area in Victoria with a population of 37. The median rent is $50/week and the median household income is $97,448/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 Codrington?

Key demand drivers in Codrington include regional employment hubs, lifestyle, and affordability. 127% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Codrington?

According to the ABS 2021 Census, Codrington has a population of approximately 37. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Codrington from the Melbourne CBD?

Codrington is approximately 267 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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