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Suburb Insights ยท VIC 3840

Hazelwood North 3840, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Hazelwood North is a regional centre in Victoria, Australia, with a population of approximately 1,552, making it a boutique locality. Located approximately 142 km from the Melbourne CBD, Hazelwood North is a regional area in Victoria. The median household income is $117,572 AUD per year (ABS 2021 Census).

Investment Score

49 / 100 Moderate

Above-average earnings in Hazelwood North support sustained property values. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Hazelwood North, Victoria, Australia.

Key Indicators

Postcode
3840

Official Australia Post postcode for Hazelwood North. A postcode may cover multiple suburbs.

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Population
1,552

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

ABS Census Data โ†’
Median Rent (weekly)
$235/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
$117,572/yr

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

ABS Census Data โ†’
Distance to CBD
142 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)
$1,755/mo

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

ABS Census Data โ†’
Dwelling Type
95% 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, Hazelwood North 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 $235/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,755/month. A median household income of $117,572/year supports premium property values and indicates a well-employed resident base. 95% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

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

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Rental Yield

Hazelwood North's rental market is softer โ€” budget for potential vacancy periods.

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Renovation / Flip

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

Risk Factors

Run the numbers on a Hazelwood North property

Full Property Analysis

30-year projections for Hazelwood North

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Price movement in Hazelwood North is expected to be flat to modest in 2026, reflecting broader regional market conditions. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Hazelwood North's 2026 outlook. Investor sentiment toward Hazelwood North is currently lukewarm โ€” value hunters may find opportunity here.

Frequently Asked Questions

Is Hazelwood North a good suburb for investment?

Hazelwood North is a regional area in Victoria with a population of 1,552. The median rent is $235/week and the median household income is $117,572/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 Hazelwood North?

Key demand drivers in Hazelwood North include regional employment hubs, lifestyle, and affordability. 95% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Hazelwood North?

According to the ABS 2021 Census, Hazelwood North has a population of approximately 1,552. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Hazelwood North from the Melbourne CBD?

Hazelwood North is approximately 142 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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