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Suburb Insights ยท VIC 3624

Girgarre 3624, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Girgarre is a regional centre in Victoria, Australia, with a population of approximately 563, making it a boutique locality. Located approximately 157 km from the Melbourne CBD, Girgarre is a regional area in Victoria. The median household income is $56,836 AUD per year (ABS 2021 Census).

Investment Score

24 / 100 Weak

Girgarre'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.

Location

Map shows Girgarre, Victoria, Australia.

Key Indicators

Postcode
3624

Official Australia Post postcode for Girgarre. A postcode may cover multiple suburbs.

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Population
563

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

ABS Census Data โ†’
Median Rent (weekly)
$180/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
$56,836/yr

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

ABS Census Data โ†’
Distance to CBD
157 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)
$1,083/mo

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

ABS Census Data โ†’
Dwelling Type
88% 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, Girgarre 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 $180/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,083/month. 88% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Capital growth in Girgarre may be constrained โ€” consider alternative strategies.

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Rental Yield

Achieving strong cash flow in Girgarre is challenging at current rent-to-price ratios.

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Renovation / Flip

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

Risk Factors

Run the numbers on a Girgarre property

Full Property Analysis

30-year projections for Girgarre

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Girgarre faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. Landlords in Girgarre may face longer tenant search times; competitive pricing will be important. Girgarre is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Girgarre a good suburb for investment?

Girgarre is a regional area in Victoria with a population of 563. The median rent is $180/week and the median household income is $56,836/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 Girgarre?

Key demand drivers in Girgarre include regional employment hubs, lifestyle, and affordability. 88% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Girgarre?

According to the ABS 2021 Census, Girgarre has a population of approximately 563. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Girgarre from the Melbourne CBD?

Girgarre is approximately 157 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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