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Suburb Insights ยท VIC 3037

Hillside 3037, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Hillside is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 17,331, making it a smaller community. Located approximately 224 km from the Melbourne CBD, Hillside is a middle ring area in Victoria. The median household income is $97,500 AUD per year (ABS 2021 Census).

Investment Score

63 / 100 Good

Above-average earnings in Hillside support sustained property values. While further from the city, improving transport links could boost future demand.

Location

Map shows Hillside, Victoria, Australia.

Key Indicators

Postcode
3037

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

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Population
17,331

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

ABS Census Data โ†’
Median Rent (weekly)
$385/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
$97,500/yr

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

ABS Census Data โ†’
Distance to CBD
224 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
4

Estimated 4 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
7

Estimated 7 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,600/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

Hillside's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $385/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,600/month. The median household income of $97,500/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

Solid fundamentals in Hillside support capital growth over a medium to long hold period.

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Rental Yield

Hillside can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

Renovation projects in Hillside can capture the gap between unrenovated and updated property prices.

Risk Factors

Run the numbers on a Hillside property

Full Property Analysis

30-year projections for Hillside

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

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Moderate

The outlook for capital growth in Hillside is encouraging heading into 2026, driven by constrained supply and buyer competition. Tenants in Hillside have options โ€” presenting well-maintained properties is key to minimising vacancy. The market mood around Hillside is balanced โ€” neither bullish nor bearish heading into 2026.

Frequently Asked Questions

Is Hillside a good suburb for investment?

Hillside is a middle ring area in Victoria with a population of 17,331. The median rent is $385/week and the median household income is $97,500/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 Hillside?

Key demand drivers in Hillside include established amenities and transport access. 90% of dwellings are separate houses. The area has approximately 4 schools and 7 parks nearby.

What is the population of Hillside?

According to the ABS 2021 Census, Hillside has a population of approximately 17,331. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Hillside from the Melbourne CBD?

Hillside is approximately 224 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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