Suburb Overview
Gladstone Park is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 8,213, making it a smaller community. Located approximately 15 km from the Melbourne CBD, Gladstone Park is a middle ring area in Victoria. The median household income is $75,504 per year.
Location
Key Indicators
Postcode
3043
Postcode for Gladstone Park, from a community postcode dataset cross-checked against Australia Post. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →
Population
8,213
Usual resident population at the most recent census.
Median weekly rent
$381/wk
Median weekly rent recorded at the 2021 Census — market rents have risen since, so treat this as a dated baseline, not a current figure.
Median household income
$75,504
Annual median household income (before tax) across all households.
Distance to CBD
15 km
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Sale prices & yield
Median house price
$766,000
Median house sale price — as at 2025 (preliminary), Valuer-General Victoria (CC BY 4.0).
Housing
Median monthly mortgage
$1,961/mo
Monthly median mortgage repayment for households currently paying off a mortgage.
Home type
91% houses
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Why People Like Living in Gladstone Park
- Middle-ring location about 15 km from Melbourne — balance of commute and affordability.
- Several schools in the area (around 2), attractive for families.
- Local parks and reserves (around 3) within easy reach.
- Strong transport links into the city and nearby employment hubs.
- Predominantly separate houses (91%) — suburban lifestyle with more land.
Who Gladstone Park Suits
Pros and Cons
Pros
- Rent sits within an affordable share of local incomes, supporting tenant demand.
- Local parks and reserves (around 3) add to liveability.
- Solid transport links into employment hubs.
Cons
- Traffic can build during peak hours, especially on arterial roads.
- Prices may rise further as demand continues.
Investment Insight
8,213 residents places Gladstone Park squarely in the middle of the Victoria suburb size distribution (state median 7,416), with market depth comparable to most VIC localities. Gladstone Park's median household income of $75,504/year is 21% 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. At the 2021 Census, rent of $381/week covered 84% of the $1,961/month median mortgage recorded at the same Census, leaving a gap of roughly $310/month at the time. Rents and repayments have both risen since — re-run the numbers with current figures before drawing conclusions. 15 km from Melbourne places Gladstone Park in the middle commuter belt, close enough for daily trips by car or rail but at a materially lower price point than inner suburbs.
Investment Tip
This suburb suits long-term investors looking for a balance of rental yield and capital growth. Schools and transport underpin family demand. At the 2021 Census, local rents consumed roughly 26% of household income — a dated but useful sanity check on tenant affordability.
Gladstone Park vs Victoria Median
How Gladstone Park stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Gladstone Park sits above the state median; negative means below.
| Metric | Gladstone Park | VIC median | Δ vs state |
|---|---|---|---|
| Population | 8,213 | 7,416 | +11% |
| Median household income | $75,504/yr | $95,160/yr | -21% |
| Median rent (weekly, 2021 Census) | $381 | $380 | 0% |
| Median mortgage (monthly, 2021 Census) | $1,961 | $1,950 | +1% |
| Distance to CBD | 15 km | 32 km | -53% |
| Separate houses | 91% | 78% | +13pp |
Investor Checklist
Pre-inspection briefing for Gladstone Park — every item is derived from public datasets, with full citations in our data sources page.
- Market depth: 8,213 residents — 111% of the VIC suburb median (7,416).
- Purchasing power: median household income $75,504/year (-21% vs Victoria suburb median of $95,160).
- Cash-flow coverage (2021 Census): $381/week rent (≈ $1,651/month) covered ~84% of the $1,961/month median mortgage at the 2021 Census — verify against current rents and rates.
- CBD access: 15 km straight-line from Melbourne (state suburb median 32 km).
- Dwelling mix: 91% separate houses — house-dominant market (vs 78% state median).
- Rate stress-test: budget ~$196/month extra for a 1-percentage-point RBA rate rise on top of the $1,961/month median repayment.
- Tenant rent burden: 26% of the median household income is spent on rent — within normal range.
Investment Strategy
Limited buy-and-hold upside: household incomes 21% below the VIC median ($75,504 vs $95,160) means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.
Moderate rental coverage at the 2021 Census: rent of $381/week covered 84% of a $1,961/month mortgage, a $310/month gap bridged with equity, depreciation and tax benefits. Re-check with current rents and rates before committing.
A dwelling mix skewed to houses (91% vs 78% VIC median) combined with a population of 8,213 creates a deeper market for value-add renovations — older stock, separate titles and stronger buyer competition are the usual pattern here.
Risk Factors
- Interest-rate sensitivity: the $1,961/month median mortgage in Gladstone Park means a 1-percentage-point RBA rate rise could add roughly $196/month to repayments, reducing buyer borrowing capacity and cooling prices.
- Income vulnerability: household incomes in Gladstone Park are 21% below the Victoria median ($75,504 vs $95,160), which tends to compress rent growth and increases exposure to local unemployment shocks.
- House-dominant stock: 91% of dwellings are separate houses, so value is concentrated in land — weather events, insurance repricing and land-tax changes hit investors here more directly than in a unit-heavy suburb.
- Regulatory risk: changes to Australian tax settings (negative gearing, CGT discount, foreign-buyer surcharges, land-tax thresholds) could reshape after-tax returns in Gladstone Park regardless of local market conditions.
- Market cycle risk: property markets are cyclical, so stress-test your projections in Gladstone Park with a 10–15% price pullback scenario before committing capital — returns to date are not a guarantee of future performance.
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Start your first-home journey →2026 Outlook
Capital-growth expectations for Gladstone Park are modest for 2026 — incomes 21% below the VIC median of $95,160 suggest gains will lag headline metro markets. At the 2021 Census, rental coverage ran at ~84% of the typical mortgage ($1,651/month rent vs $1,961/month repayment), keeping cash flow in positive or near-neutral territory. Verify against current rents and rates. Overall investor sentiment for Gladstone Park is balanced heading into the second half of 2026, based on its income, rent and mortgage profile relative to the Victoria median.
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Frequently Asked Questions
Is Gladstone Park a good suburb for investment?
Whether Gladstone Park suits you depends on your strategy, but the fundamentals are concrete: a population of 8,213, a median household income of $75,504/year and median weekly rent of $381. Weigh those against your goal — cash flow, capital growth, or a value-add renovation — each of which we break down with suburb-specific ABS numbers elsewhere on this page.
What drives property demand in Gladstone Park?
The main demand drivers in Gladstone Park are proximity to Melbourne (15 km), a median household income of $75,504/year, a dwelling mix that is 91% separate houses. Together these shape both owner-occupier and tenant demand.
What is the population of Gladstone Park?
Gladstone Park has a usual resident population of approximately 8,213, compared with a Victoria suburb median of 7,416 — placing it in the upper 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.
How far is Gladstone Park from the Melbourne CBD?
Gladstone Park sits 15 km straight-line from the Melbourne CBD. This is comfortable commuter territory, with reasonable rail and road access to the city.
What is the median rent in Gladstone Park?
The most recent census recorded a median weekly rent of $381 in Gladstone Park, equating to approximately $19,812/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.
What is the typical mortgage repayment in Gladstone Park?
The median monthly mortgage repayment in Gladstone Park is $1,961, or approximately $23,532/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.
Is Gladstone Park cash-flow positive for investors?
A median weekly rent of $381 works out to $1,651/month, covering 84% of the median mortgage repayment of $1,961/month. That leaves a $310/month shortfall (around $3,720/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.
What are the main risks of investing in Gladstone Park?
The main risks are interest-rate sensitivity on the $1,961 median mortgage, below-median household incomes ($75,504 vs $95,160 state median), the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
How we built this Gladstone Park profile
The population, postcode, median household income, and dwelling mix on this page are real figures from the ABS 2021 Census (income is the ABS median weekly household income annualised) and Australia Post. Distance to the CBD is calculated from the suburb's ABS centroid. The Census median rent and mortgage repayment are 2021 figures and are clearly labelled as such wherever they appear — they are five years old and have moved substantially since. We do not publish an investment score or school/park counts for this suburb. See our methodology and data sources for exactly what's measured and what's estimated.