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Suburb Insights ยท VIC 3981

Heath Hill 3981, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Heath Hill is a regional centre in Victoria, Australia, with a population of approximately 189, making it a boutique locality. Located approximately 81 km from the Melbourne CBD, Heath Hill is a regional area in Victoria. The median household income is $75,348 AUD per year (ABS 2021 Census).

Investment Score

36 / 100 Weak

Household incomes in Heath Hill sit in a comfortable mid-range for the Victoria market. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Heath Hill, Victoria, Australia.

Key Indicators

Postcode
3981

Official Australia Post postcode for Heath Hill. A postcode may cover multiple suburbs.

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Population
189

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

ABS Census Data โ†’
Median Rent (weekly)
$250/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
$75,348/yr

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

ABS Census Data โ†’
Distance to CBD
81 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)
$1,911/mo

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

ABS Census Data โ†’
Dwelling Type
82% 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, Heath Hill 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 $250/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,911/month. The median household income of $75,348/year reflects a solid demographic, supporting sustainable rental demand. 82% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

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

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Rental Yield

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

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Renovation / Flip

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

Risk Factors

Run the numbers on a Heath Hill property

Full Property Analysis

30-year projections for Heath Hill

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

Heath Hill faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Heath Hill's 2026 outlook. Heath Hill is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Heath Hill a good suburb for investment?

Heath Hill is a regional area in Victoria with a population of 189. The median rent is $250/week and the median household income is $75,348/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 Heath Hill?

Key demand drivers in Heath Hill include regional employment hubs, lifestyle, and affordability. 82% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Heath Hill?

According to the ABS 2021 Census, Heath Hill has a population of approximately 189. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Heath Hill from the Melbourne CBD?

Heath Hill is approximately 81 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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