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Suburb Insights ยท VIC 3351

Hillcrest 3351, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Hillcrest is a regional centre in Victoria, Australia, with a population of approximately 99, making it a boutique locality. Located approximately 119 km from the Melbourne CBD, Hillcrest is a regional area in Victoria. The median household income is $81,224 AUD per year (ABS 2021 Census).

Investment Score

34 / 100 Weak

Hillcrest has a solid income profile that supports reliable occupancy rates. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Map shows Hillcrest, Victoria, Australia.

Key Indicators

Postcode
3351

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

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Population
99

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

ABS Census Data โ†’
Median Rent (weekly)
N/A

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$81,224/yr

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

ABS Census Data โ†’
Distance to CBD
119 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)
$1,660/mo

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

ABS Census Data โ†’
Dwelling Type
87% 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, Hillcrest 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 household income of $81,224/year reflects a solid demographic, supporting sustainable rental demand. 87% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

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

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Rental Yield

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

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Renovation / Flip

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

Risk Factors

Run the numbers on a Hillcrest property

Full Property Analysis

30-year projections for Hillcrest

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 Hillcrest is expected to be flat to modest in 2026, reflecting broader regional market conditions. Landlords in Hillcrest may face longer tenant search times; competitive pricing will be important. Investor sentiment toward Hillcrest is currently lukewarm โ€” value hunters may find opportunity here.

Frequently Asked Questions

Is Hillcrest a good suburb for investment?

Hillcrest is a regional area in Victoria with a population of 99. the median household income is $81,224/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 Hillcrest?

Key demand drivers in Hillcrest include regional employment hubs, lifestyle, and affordability. 87% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Hillcrest?

According to the ABS 2021 Census, Hillcrest has a population of approximately 99. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Hillcrest from the Melbourne CBD?

Hillcrest is approximately 119 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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