Suburb Overview
Junction Village is a regional centre in Victoria, Australia, with a population of approximately 1,051, making it a boutique locality. Located approximately 46 km from the Melbourne CBD, Junction Village is a regional area in Victoria. The median household income is $56,160 per year.
Location
Key Indicators
Postcode
3977
Postcode for Junction Village, from a community postcode dataset cross-checked against Australia Post. A postcode may cover multiple suburbs.
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Population
1,051
Usual resident population at the most recent census.
Median weekly rent
$326/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
$56,160
Annual median household income (before tax) across all households.
Distance to CBD
46 km
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Sale prices & yield
Median unit price
$480,000
Median unit sale price — as at 2025 (preliminary), Valuer-General Victoria (CC BY 4.0).
Housing
Median monthly mortgage
$1,733/mo
Monthly median mortgage repayment for households currently paying off a mortgage.
Home type
60% houses
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Investment Insight
Junction Village is a smaller community of 1,051 — about 14% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. Junction Village's median household income of $56,160/year is 41% below the Victoria suburb median ($95,160) — this is an affordability play where returns lean on yield and patient capital growth rather than demographic premium. At the 2021 Census, rent of $326/week covered 82% of the $1,733/month median mortgage recorded at the same Census, leaving a gap of roughly $320/month at the time. Rents and repayments have both risen since — re-run the numbers with current figures before drawing conclusions. At 46 km from Melbourne, Junction Village is an outer-metro location where buyers are typically trading commute time for floor space and a lower entry price. Only 60% of dwellings are separate houses (vs 78% state median), so this is a unit-heavy market where body-corporate decisions and strata supply meaningfully shape investor returns.
Junction Village vs Victoria Median
How Junction Village stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Junction Village sits above the state median; negative means below.
| Metric | Junction Village | VIC median | Δ vs state |
|---|---|---|---|
| Population | 1,051 | 7,416 | -86% |
| Median household income | $56,160/yr | $95,160/yr | -41% |
| Median rent (weekly, 2021 Census) | $326 | $380 | -14% |
| Median mortgage (monthly, 2021 Census) | $1,733 | $1,950 | -11% |
| Distance to CBD | 46 km | 32 km | +44% |
| Separate houses | 60% | 78% | -18pp |
Investor Checklist
Pre-inspection briefing for Junction Village — every item is derived from public datasets, with full citations in our data sources page.
- Market depth: 1,051 residents — 14% of the VIC suburb median (7,416).
- Purchasing power: median household income $56,160/year (-41% vs Victoria suburb median of $95,160).
- Cash-flow coverage (2021 Census): $326/week rent (≈ $1,413/month) covered ~82% of the $1,733/month median mortgage at the 2021 Census — verify against current rents and rates.
- CBD access: 46 km straight-line from Melbourne (state suburb median 32 km).
- Dwelling mix: 60% separate houses — mixed market (vs 78% state median).
- Rate stress-test: budget ~$173/month extra for a 1-percentage-point RBA rate rise on top of the $1,733/month median repayment.
- Tenant rent burden: 30% of the median household income is spent on rent — within normal range.
Investment Strategy
Limited buy-and-hold upside: a small population of 1,051 means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.
Moderate rental coverage at the 2021 Census: rent of $326/week covered 82% of a $1,733/month mortgage, a $320/month gap bridged with equity, depreciation and tax benefits. Re-check with current rents and rates before committing.
Only 60% of dwellings are separate houses (vs 78% VIC median) — this is a unit and townhouse market, where cosmetic flips struggle against body-corporate restrictions, thinner after-reno uplift and competing new supply.
Risk Factors
- Interest-rate sensitivity: the $1,733/month median mortgage in Junction Village means a 1-percentage-point RBA rate rise could add roughly $173/month to repayments, reducing buyer borrowing capacity and cooling prices.
- Income vulnerability: household incomes in Junction Village are 41% below the Victoria median ($56,160 vs $95,160), which tends to compress rent growth and increases exposure to local unemployment shocks.
- Liquidity risk: with 1,051 residents, Junction Village 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 46 km from the nearest CBD, Junction Village depends on local employment rather than city-driven commuter demand, which amplifies the market's sensitivity to regional industry slowdowns.
- Regulatory risk: changes to Australian tax settings (negative gearing, CGT discount, foreign-buyer surcharges, land-tax thresholds) could reshape after-tax returns in Junction Village regardless of local market conditions.
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Start your first-home journey →2026 Outlook
Capital-growth expectations for Junction Village are modest for 2026 — incomes 41% below the VIC median of $95,160 and a population of 1,051 suggest gains will lag headline metro markets. At the 2021 Census, rental coverage ran at ~82% of the typical mortgage ($1,413/month rent vs $1,733/month repayment), keeping cash flow in positive or near-neutral territory. Verify against current rents and rates. Overall investor sentiment for Junction Village is cautious 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 Junction Village a good suburb for investment?
Whether Junction Village suits you depends on your strategy, but the fundamentals are concrete: a population of 1,051, a median household income of $56,160/year and median weekly rent of $326. 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 Junction Village?
The main demand drivers in Junction Village are a median household income of $56,160/year, a dwelling mix that is 60% separate houses. Together these shape both owner-occupier and tenant demand.
What is the population of Junction Village?
Junction Village has a usual resident population of approximately 1,051, 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 Junction Village from the Melbourne CBD?
Junction Village sits 46 km straight-line from the Melbourne CBD. This is an outer-metro location; local employment and infrastructure announcements tend to move prices more than CBD connectivity alone.
What is the median rent in Junction Village?
The most recent census recorded a median weekly rent of $326 in Junction Village, equating to approximately $16,952/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 Junction Village?
The median monthly mortgage repayment in Junction Village is $1,733, or approximately $20,796/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
Is Junction Village cash-flow positive for investors?
A median weekly rent of $326 works out to $1,413/month, covering 82% of the median mortgage repayment of $1,733/month. That leaves a $320/month shortfall (around $3,840/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
What are the main risks of investing in Junction Village?
The main risks are a thin buyer pool (1,051 residents), interest-rate sensitivity on the $1,733 median mortgage, below-median household incomes ($56,160 vs $95,160 state median), 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 Junction Village 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.