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ABS 2021 Census · Updated 21 May 2026
Gaffneys Creek is a regional centre in Victoria, Australia, with a population of approximately 3, making it a boutique locality. Located approximately 121 km from the Melbourne CBD, Gaffneys Creek is a regional area in Victoria. The median household income is $24,232 per year.
Gaffneys Creek's income profile suggests a value-oriented market with competitive purchase prices. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.
Official Australia Post postcode for Gaffneys Creek. 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 1 school within or near this suburb.
Find schools near Gaffneys Creek on My School →Estimated 1 park 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.
Gaffneys Creek is a smaller community of 3 — about 0% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. Gaffneys Creek's median household income of $24,232/year is 75% below the Victoria suburb median ($95,160) — this is an affordability play where returns lean on yield and patient capital growth rather than demographic premium. The median weekly rent of $400 translates to approximately $20,800/year in gross rental income, setting the upper bound on yield before vacancy, rates, insurance and maintenance. Gaffneys Creek is 121 km from Melbourne, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand. Only 24% 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.
How Gaffneys Creek stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Gaffneys Creek sits above the state median; negative means below.
| Metric | Gaffneys Creek | VIC median | Δ vs state |
|---|---|---|---|
| Population | 3 | 7,416 | -100% |
| Median household income | $24,232/yr | $95,160/yr | -75% |
| Median rent (weekly) | $400 | $380 | +5% |
| Distance to CBD | 121 km | 32 km | +278% |
| Separate houses | 24% | 78% | -54pp |
Pre-inspection briefing for Gaffneys Creek — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: a small population of 3 means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.
Gross rent of $400/week (~$20,800/year) sets the yield ceiling. Cross-check against your purchase price to confirm whether this suburb hits the 4–5% gross yield most Australian investors target.
Only 24% 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 Gaffneys Creek property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Gaffneys Creek are modest for 2026 — incomes 75% below the VIC median of $95,160 and a population of 3 suggest gains will lag headline metro markets. Rents sit around $400/week, setting the baseline gross rental income at roughly $20,800/year — refine this against current listings before running your numbers. The EquitySight investment score of 29/100 places Gaffneys Creek in the lower tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.
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Gaffneys Creek scores 29/100 on our EquitySight investment framework — a weak rating. That score is driven by a population of 3, median household income of $24,232/year and median weekly rent of $400. 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 Gaffneys Creek are a median household income of $24,232/year, a dwelling mix that is 24% separate houses, roughly 1 schools and 1 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.
Gaffneys Creek has a usual resident population of approximately 3, 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.
Gaffneys Creek sits 121 km straight-line from the Melbourne CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.
The most recent census recorded a median weekly rent of $400 in Gaffneys Creek, equating to approximately $20,800/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.
A reliable median mortgage figure was not captured for Gaffneys Creek. Use our loan serviceability calculator to estimate a realistic monthly repayment for your target purchase price and deposit.
Census data was not complete enough in Gaffneys Creek to compute a clean rent-to-mortgage coverage. Use current listings to benchmark weekly rent, then plug your expected purchase price into our rental yield calculator to see whether the investment runs cash-flow positive or negative.
The main risks are a thin buyer pool (3 residents), interest-rate sensitivity, below-median household incomes ($24,232 vs $95,160 state median), a unit-heavy dwelling mix (24% 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.