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Suburb Insights ยท VIC 3216

Freshwater Creek 3216, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Freshwater Creek is a coastal suburb in Victoria, Australia, with a population of approximately 454, making it a boutique locality. Located approximately 81 km from the Melbourne CBD, Freshwater Creek is a coastal area in Victoria. The median household income is $108,524 AUD per year (ABS 2021 Census).

Investment Score

55 / 100 Moderate

Above-average earnings in Freshwater Creek support sustained property values. The coastal setting provides a lifestyle factor that underpins property values.

Location

Map shows Freshwater Creek, Victoria, Australia.

Key Indicators

Postcode
3216

Official Australia Post postcode for Freshwater Creek. A postcode may cover multiple suburbs.

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Population
454

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

ABS Census Data โ†’
Median Rent (weekly)
$300/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
$108,524/yr

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

ABS Census Data โ†’
Distance to CBD
81 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)
$2,145/mo

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

ABS Census Data โ†’
Dwelling Type
90% 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

Coastal lifestyle is a strong draw for Freshwater Creek, supporting both long-term rental demand and holiday letting potential. Seaside suburbs in Victoria consistently attract interstate migration and lifestyle buyers. The median rent of $300/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,145/month. A median household income of $108,524/year supports premium property values and indicates a well-employed resident base. 90% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

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

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Rental Yield

Rental yields in Freshwater Creek are moderate โ€” screen for properties that offer above-average returns.

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Renovation / Flip

Limited buyer depth in Freshwater Creek makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Freshwater Creek property

Full Property Analysis

30-year projections for Freshwater Creek

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2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Moderate

Freshwater Creek is expected to see moderate price growth in 2026 as the broader Victoria market stabilises. Tenants in Freshwater Creek have options โ€” presenting well-maintained properties is key to minimising vacancy. The market mood around Freshwater Creek is balanced โ€” neither bullish nor bearish heading into 2026.

Frequently Asked Questions

Is Freshwater Creek a good suburb for investment?

Freshwater Creek is a coastal area in Victoria with a population of 454. The median rent is $300/week and the median household income is $108,524/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 Freshwater Creek?

Key demand drivers in Freshwater Creek include lifestyle appeal and proximity to the coast. 90% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Freshwater Creek?

According to the ABS 2021 Census, Freshwater Creek has a population of approximately 454. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Freshwater Creek from the Melbourne CBD?

Freshwater Creek is approximately 81 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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