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Suburb Insights ยท VIC 3461

Dry Diggings 3461, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Dry Diggings is a regional centre in Victoria, Australia, with a population of approximately 41, making it a boutique locality. Located approximately 91 km from the Melbourne CBD, Dry Diggings is a regional area in Victoria. The median household income is $77,948 AUD per year (ABS 2021 Census).

Investment Score

37 / 100 Weak

Dry Diggings has a solid income profile that supports reliable occupancy rates. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Map shows Dry Diggings, Victoria, Australia.

Key Indicators

Postcode
3461

Official Australia Post postcode for Dry Diggings. A postcode may cover multiple suburbs.

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Population
41

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

ABS Census Data โ†’
Median Rent (weekly)
$321/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
$77,948/yr

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

ABS Census Data โ†’
Distance to CBD
91 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)
$1,582/mo

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

ABS Census Data โ†’
Dwelling Type
76% 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, Dry Diggings 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 $321/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,582/month. The median household income of $77,948/year reflects a solid demographic, supporting sustainable rental demand. 76% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

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

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Rental Yield

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

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Renovation / Flip

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

Risk Factors

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Full Property Analysis

30-year projections for Dry Diggings

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Price movement in Dry Diggings is expected to be flat to modest in 2026, reflecting broader regional market conditions. Landlords in Dry Diggings may face longer tenant search times; competitive pricing will be important. Sentiment is subdued, though improving local conditions could shift perceptions over time.

Frequently Asked Questions

Is Dry Diggings a good suburb for investment?

Dry Diggings is a regional area in Victoria with a population of 41. The median rent is $321/week and the median household income is $77,948/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 Dry Diggings?

Key demand drivers in Dry Diggings include regional employment hubs, lifestyle, and affordability. 76% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Dry Diggings?

According to the ABS 2021 Census, Dry Diggings has a population of approximately 41. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Dry Diggings from the Melbourne CBD?

Dry Diggings is approximately 91 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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