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Suburb Insights ยท VIC 3971

Devon North 3971, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Devon North is a regional centre in Victoria, Australia, with a population of approximately 352, making it a boutique locality. Located approximately 164 km from the Melbourne CBD, Devon North is a regional area in Victoria. The median household income is $68,588 AUD per year (ABS 2021 Census).

Investment Score

31 / 100 Weak

Devon North's income profile suggests a value-oriented market with competitive purchase prices. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Map shows Devon North, Victoria, Australia.

Key Indicators

Postcode
3971

Official Australia Post postcode for Devon North. A postcode may cover multiple suburbs.

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Population
352

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

ABS Census Data โ†’
Median Rent (weekly)
$250/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
$68,588/yr

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

ABS Census Data โ†’
Distance to CBD
164 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)
$1,517/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, Devon North 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 $250/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,517/month. 87% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Devon North offers moderate buy-and-hold potential โ€” look for properties with value-add opportunities.

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Rental Yield

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

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Renovation / Flip

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

Risk Factors

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Full Property Analysis

30-year projections for Devon North

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

Devon North faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. Landlords in Devon North may face longer tenant search times; competitive pricing will be important. Investor sentiment toward Devon North is currently lukewarm โ€” value hunters may find opportunity here.

Frequently Asked Questions

Is Devon North a good suburb for investment?

Devon North is a regional area in Victoria with a population of 352. The median rent is $250/week and the median household income is $68,588/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 Devon North?

Key demand drivers in Devon North 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 Devon North?

According to the ABS 2021 Census, Devon North has a population of approximately 352. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Devon North from the Melbourne CBD?

Devon North is approximately 164 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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