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Suburb Insights ยท VIC 3337

Harkness 3337, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Harkness is a regional centre in Victoria, Australia, with a population of approximately 12,463, making it a smaller community. Located approximately 41 km from the Melbourne CBD, Harkness is a regional area in Victoria. The median household income is $91,104 AUD per year (ABS 2021 Census).

Investment Score

55 / 100 Moderate

Harkness benefits from a high-income resident base, supporting premium property pricing. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Harkness, Victoria, Australia.

Key Indicators

Postcode
3337

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

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Population
12,463

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

ABS Census Data โ†’
Median Rent (weekly)
$350/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
$91,104/yr

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

ABS Census Data โ†’
Distance to CBD
41 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
3

Estimated 3 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
5

Estimated 5 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,700/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

As a regional centre, Harkness 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 $350/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,700/month. The median household income of $91,104/year reflects a solid demographic, supporting sustainable rental demand. 90% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Holding property in Harkness over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

Expect competitive but not exceptional rental returns in Harkness's current market.

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Renovation / Flip

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

Risk Factors

Run the numbers on a Harkness property

Full Property Analysis

30-year projections for Harkness

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2026 Outlook

Growth: Low Rental Demand: Moderate Investor Sentiment: Moderate

Price movement in Harkness is expected to be flat to modest in 2026, reflecting broader regional market conditions. The rental market in Harkness should see steady occupancy, with moderate upward pressure on rents. The market mood around Harkness is balanced โ€” neither bullish nor bearish heading into 2026.

Frequently Asked Questions

Is Harkness a good suburb for investment?

Harkness is a regional area in Victoria with a population of 12,463. The median rent is $350/week and the median household income is $91,104/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 Harkness?

Key demand drivers in Harkness include regional employment hubs, lifestyle, and affordability. 90% of dwellings are separate houses. The area has approximately 3 schools and 5 parks nearby.

What is the population of Harkness?

According to the ABS 2021 Census, Harkness has a population of approximately 12,463. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Harkness from the Melbourne CBD?

Harkness is approximately 41 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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