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Suburb Insights ยท VIC 3960

Foster North 3960, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Foster North is a regional centre in Victoria, Australia, with a population of approximately 152, making it a boutique locality. Located approximately 137 km from the Melbourne CBD, Foster North is a regional area in Victoria. The median household income is $62,816 AUD per year (ABS 2021 Census).

Investment Score

26 / 100 Weak

Foster North's income profile suggests a value-oriented market with competitive purchase prices. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Foster North, Victoria, Australia.

Key Indicators

Postcode
3960

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

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Population
152

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

ABS Census Data โ†’
Median Rent (weekly)
$385/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$62,816/yr

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

ABS Census Data โ†’
Distance to CBD
137 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)
$1,463/mo

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

ABS Census Data โ†’
Dwelling Type
61% 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, Foster 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 $385/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,463/month.

Investment Strategy

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Buy & Hold

Long-term holding in Foster North requires careful assessment of local economic resilience.

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Rental Yield

Foster North can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

The resale market in Foster North may not support quick-turnaround renovation projects.

Risk Factors

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Full Property Analysis

30-year projections for Foster North

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Foster North faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. The rental pipeline in Foster North is thinner โ€” flexible lease terms could help secure tenants faster. Investor sentiment toward Foster North is currently lukewarm โ€” value hunters may find opportunity here.

Frequently Asked Questions

Is Foster North a good suburb for investment?

Foster North is a regional area in Victoria with a population of 152. The median rent is $385/week and the median household income is $62,816/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 Foster North?

Key demand drivers in Foster North include regional employment hubs, lifestyle, and affordability. 61% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Foster North?

According to the ABS 2021 Census, Foster North has a population of approximately 152. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Foster North from the Melbourne CBD?

Foster North is approximately 137 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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