Suburb Overview
Hmas Cerberus is a regional centre in Victoria, Australia, with a population of approximately 1,124, making it a boutique locality. Located approximately 66 km from the Melbourne CBD, Hmas Cerberus is a regional area in Victoria. The median household income is $120,796 per year.
Location
Key Indicators
Postcode
3920
Postcode for Hmas Cerberus, from a community postcode dataset cross-checked against Australia Post. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →
Population
1,124
Usual resident population at the most recent census.
Median weekly rent
$260/wk
Median weekly rent recorded at the 2021 Census — market rents have risen since, so treat this as a dated baseline, not a current figure.
Median household income
$120,796
Annual median household income (before tax) across all households.
Distance to CBD
66 km
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Housing
Median monthly mortgage
N/A
Monthly median mortgage repayment for households currently paying off a mortgage.
Home type
94% houses
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Investment Insight
Hmas Cerberus is a smaller community of 1,124 — about 15% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. Median household income of $120,796/year runs 27% above the Victoria suburb median of $95,160, indicating strong purchasing power and the type of demographic profile that tends to sustain premium property prices through market cycles. At the 2021 Census the median weekly rent was $260 (≈ $13,520/year gross at the time). Market rents have moved substantially since 2021, so benchmark against current listings before running yield numbers. Hmas Cerberus is 66 km from Melbourne, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand. Separate houses make up 94% of dwellings — 16 percentage points above the Victoria median of 78% — pointing to a family-oriented, land-rich market where value is concentrated in the underlying block.
Hmas Cerberus vs Victoria Median
How Hmas Cerberus stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Hmas Cerberus sits above the state median; negative means below.
| Metric | Hmas Cerberus | VIC median | Δ vs state |
|---|---|---|---|
| Population | 1,124 | 7,416 | -85% |
| Median household income | $120,796/yr | $95,160/yr | +27% |
| Median rent (weekly, 2021 Census) | $260 | $380 | -32% |
| Distance to CBD | 66 km | 32 km | +106% |
| Separate houses | 94% | 78% | +16pp |
Investor Checklist
Pre-inspection briefing for Hmas Cerberus — every item is derived from public datasets, with full citations in our data sources page.
- Market depth: 1,124 residents — 15% of the VIC suburb median (7,416).
- Purchasing power: median household income $120,796/year (+27% vs Victoria suburb median of $95,160).
- Gross rental income: $260/week (2021 Census), ~$13,520/year.
- CBD access: 66 km straight-line from Melbourne (state suburb median 32 km).
- Dwelling mix: 94% separate houses — house-dominant market (vs 78% state median).
- Rate stress-test: model your cash flow with rates 1–2 percentage points above current to ensure the investment survives a tightening cycle.
- Tenant rent burden: 11% of the median household income is spent on rent — comfortably affordable.
Investment Strategy
Limited buy-and-hold upside: a small population of 1,124 means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.
Gross rent of $260/week (~$13,520/year, 2021 Census) sets an indicative yield ceiling. Cross-check against current listings and your purchase price to confirm whether this suburb hits the 4–5% gross yield most Australian investors target.
With 94% houses in a 1,124-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Risk Factors
- Interest-rate movements are the dominant macro risk for Hmas Cerberus — model cash flow with a 1–2 percentage-point buffer above current rates to ensure the investment survives a tightening cycle.
- Premium-pricing risk: incomes 27% above the Victoria median ($120,796 vs $95,160) correlate with elevated purchase prices and compressed gross yields — enter only with a clear capital-growth thesis and a comfortable deposit.
- Liquidity risk: with 1,124 residents, Hmas Cerberus has a thinner pool of buyers and tenants than larger suburbs. Expect longer days-on-market on resale and budget for potential vacancy gaps between tenancies.
- Commute distance: at 66 km from the nearest CBD, Hmas Cerberus depends on local employment rather than city-driven commuter demand, which amplifies the market's sensitivity to regional industry slowdowns.
- House-dominant stock: 94% of dwellings are separate houses, so value is concentrated in land — weather events, insurance repricing and land-tax changes hit investors here more directly than in a unit-heavy suburb.
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Start your first-home journey →2026 Outlook
Capital-growth expectations for Hmas Cerberus are modest for 2026 — incomes 27% above the VIC median of $95,160 and a population of 1,124 suggest gains will lag headline metro markets. Rents sit around $260/week (2021 Census), a baseline gross rental income of roughly $13,520/year — refine against current listings before running your numbers. Overall investor sentiment for Hmas Cerberus is balanced heading into the second half of 2026, based on its income, rent and mortgage profile relative to the Victoria median.
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Frequently Asked Questions
Is Hmas Cerberus a good suburb for investment?
Whether Hmas Cerberus suits you depends on your strategy, but the fundamentals are concrete: a population of 1,124, a median household income of $120,796/year and median weekly rent of $260. Weigh those against your goal — cash flow, capital growth, or a value-add renovation — each of which we break down with suburb-specific ABS numbers elsewhere on this page.
What drives property demand in Hmas Cerberus?
The main demand drivers in Hmas Cerberus are an above-state-median household income of $120,796/year, a dwelling mix that is 94% separate houses. Together these shape both owner-occupier and tenant demand.
What is the population of Hmas Cerberus?
Hmas Cerberus has a usual resident population of approximately 1,124, compared with a Victoria suburb median of 7,416 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
How far is Hmas Cerberus from the Melbourne CBD?
Hmas Cerberus sits 66 km straight-line from the Melbourne CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.
What is the median rent in Hmas Cerberus?
The most recent census recorded a median weekly rent of $260 in Hmas Cerberus, equating to approximately $13,520/year in gross rental income (state median $380/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
What is the typical mortgage repayment in Hmas Cerberus?
A reliable median mortgage figure was not captured for Hmas Cerberus. Use our loan serviceability calculator to estimate a realistic monthly repayment for your target purchase price and deposit.
Is Hmas Cerberus cash-flow positive for investors?
Census data was not complete enough in Hmas Cerberus to compute a clean rent-to-mortgage coverage. Use current listings to benchmark weekly rent, then plug your expected purchase price into our rental yield calculator to see whether the investment runs cash-flow positive or negative.
What are the main risks of investing in Hmas Cerberus?
The main risks are a thin buyer pool (1,124 residents), interest-rate sensitivity, the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
How we built this Hmas Cerberus profile
The population, postcode, median household income, and dwelling mix on this page are real figures from the ABS 2021 Census (income is the ABS median weekly household income annualised) and Australia Post. Distance to the CBD is calculated from the suburb's ABS centroid. The Census median rent and mortgage repayment are 2021 figures and are clearly labelled as such wherever they appear — they are five years old and have moved substantially since. We do not publish an investment score or school/park counts for this suburb. See our methodology and data sources for exactly what's measured and what's estimated.