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ABS 2021 Census · Updated 21 May 2026
Flemington is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 7,025, making it a smaller community. Located 5 km from the Melbourne CBD, Flemington is a middle ring area in Victoria. The median household income is $79,300 per year.
Household incomes in Flemington sit in a comfortable mid-range for the Victoria market. Its proximity to the CBD adds a strong location premium.
Official Australia Post postcode for Flemington. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 2 schools within or near this suburb.
Find schools near Flemington on My School →Estimated 3 parks and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
7,025 residents places Flemington squarely in the middle of the Victoria suburb size distribution (state median 7,416), with market depth comparable to most VIC localities. Household income of $79,300/year is 17% below the Victoria median of $95,160, typically translating into lower entry prices and a tenant base more sensitive to rent increases. Median rent of $300/week (~$1,300/month) covers only 63% of the median mortgage of $2,074/month — the remaining $774/month must be funded from other income, so this suburb tilts toward capital growth rather than yield. At 5 km from the Melbourne CBD, Flemington sits inside the high-demand inner ring — properties here compete directly with the city's employment, transport and amenity networks. Only 19% of dwellings are separate houses (vs 78% state median), so this is a unit-heavy market where body-corporate decisions and strata supply meaningfully shape investor returns.
This suburb suits long-term investors looking for a balance of rental yield and capital growth. Schools and transport underpin family demand. Local rents consume roughly 20% of household income — a useful sanity check on tenant affordability.
How Flemington stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Flemington sits above the state median; negative means below.
| Metric | Flemington | VIC median | Δ vs state |
|---|---|---|---|
| Population | 7,025 | 7,416 | -5% |
| Median household income | $79,300/yr | $95,160/yr | -17% |
| Median rent (weekly) | $300 | $380 | -21% |
| Median mortgage (monthly) | $2,074 | $1,950 | +6% |
| Distance to CBD | 5 km | 32 km | -84% |
| Separate houses | 19% | 78% | -59pp |
Pre-inspection briefing for Flemington — every item is derived from public datasets, with full citations in our data sources page.
Moderate buy-and-hold potential: Flemington's 7,025-person market and $79,300 median household income work for investors who are selective on street location and property quality rather than counting on a suburb-wide rerating.
Weak cash flow: $300/week rent covers only 63% of the $2,074/month median mortgage — a $774/month gap that must be funded from other income. This suburb is a capital-growth play, not a yield play.
Only 19% of dwellings are separate houses (vs 78% VIC median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.
Run the numbers on a Flemington property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Flemington are modest for 2026 — incomes 17% below the VIC median of $95,160 suggest gains will lag headline metro markets. Rental coverage runs at ~63% of the typical mortgage ($1,300/month rent vs $2,074/month repayment), leaving a manageable top-up for most investors. The EquitySight investment score of 69/100 places Flemington in the upper-middle tier of Australian suburbs we profile, and overall investor sentiment is balanced heading into the second half of 2026.
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Flemington scores 69/100 on our EquitySight investment framework — a good rating. That score is driven by a population of 7,025, median household income of $79,300/year and median weekly rent of $300. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Flemington are proximity to Melbourne (5 km), a median household income of $79,300/year, a dwelling mix that is 19% separate houses, roughly 2 schools and 3 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Flemington has a usual resident population of approximately 7,025, compared with a Victoria suburb median of 7,416 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Flemington sits 5 km straight-line from the Melbourne CBD. This is inner-ring territory — pricing competes directly with established Melbourne employment nodes.
The most recent census recorded a median weekly rent of $300 in Flemington, equating to approximately $15,600/year in gross rental income (state median $380/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Flemington is $2,074, or approximately $24,888/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $300 works out to $1,300/month, covering 63% of the median mortgage repayment of $2,074/month. That leaves a $774/month shortfall (around $9,288/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are interest-rate sensitivity on the $2,074 median mortgage, below-median household incomes ($79,300 vs $95,160 state median), a unit-heavy dwelling mix (19% houses) where body-corporate costs and apartment supply affect resale, the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.