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Suburb Insights ยท VIC 3427

Diggers Rest 3427, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Diggers Rest is a regional centre in Victoria, Australia, with a population of approximately 5,669, making it a smaller community. Located approximately 32 km from the Melbourne CBD, Diggers Rest is a regional area in Victoria. The median household income is $103,532 AUD per year (ABS 2021 Census).

Investment Score

60 / 100 Moderate

Diggers Rest 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 Diggers Rest, Victoria, Australia.

Key Indicators

Postcode
3427

Official Australia Post postcode for Diggers Rest. A postcode may cover multiple suburbs.

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Population
5,669

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

ABS Census Data โ†’
Median Rent (weekly)
$397/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
$103,532/yr

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

ABS Census Data โ†’
Distance to CBD
32 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
2

Estimated 2 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,800/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, Diggers Rest 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 $397/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,800/month. A median household income of $103,532/year supports premium property values and indicates a well-employed resident base. 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 Diggers Rest over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

Diggers Rest can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

The resale market in Diggers Rest may not support quick-turnaround renovation projects.

Risk Factors

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Full Property Analysis

30-year projections for Diggers Rest

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2026 Outlook

Growth: Low Rental Demand: Moderate Investor Sentiment: Moderate

Diggers Rest faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. The rental market in Diggers Rest should see steady occupancy, with moderate upward pressure on rents. Diggers Rest offers measured appeal for investors willing to look beyond headline metrics.

Frequently Asked Questions

Is Diggers Rest a good suburb for investment?

Diggers Rest is a regional area in Victoria with a population of 5,669. The median rent is $397/week and the median household income is $103,532/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 Diggers Rest?

Key demand drivers in Diggers Rest include regional employment hubs, lifestyle, and affordability. 87% of dwellings are separate houses. The area has approximately 1 schools and 2 parks nearby.

What is the population of Diggers Rest?

According to the ABS 2021 Census, Diggers Rest has a population of approximately 5,669. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Diggers Rest from the Melbourne CBD?

Diggers Rest is approximately 32 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.

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