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Suburb Insights ยท VIC 3766

Kalorama 3766, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Kalorama is a regional centre in Victoria, Australia, with a population of approximately 1,277, making it a boutique locality. Located approximately 37 km from the Melbourne CBD, Kalorama is a regional area in Victoria. The median household income is $108,524 AUD per year (ABS 2021 Census).

Investment Score

52 / 100 Moderate

Kalorama benefits from a high-income resident base, supporting premium property pricing. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Kalorama, Victoria, Australia.

Key Indicators

Postcode
3766

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

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Population
1,277

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

ABS Census Data โ†’
Median Rent (weekly)
$416/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
$108,524/yr

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

ABS Census Data โ†’
Distance to CBD
37 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)
$1,950/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, Kalorama 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 $416/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $1,950/month. A median household income of $108,524/year supports premium property values and indicates a well-employed resident base. 87% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Holding property in Kalorama over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

Expect competitive but not exceptional rental returns in Kalorama's current market.

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Renovation / Flip

The resale market in Kalorama may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Kalorama property

Full Property Analysis

30-year projections for Kalorama

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Moderate

Price movement in Kalorama is expected to be flat to modest in 2026, reflecting broader regional market conditions. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Kalorama's 2026 outlook. Investor sentiment is cautiously optimistic โ€” selective opportunities exist for well-researched buyers.

Frequently Asked Questions

Is Kalorama a good suburb for investment?

Kalorama is a regional area in Victoria with a population of 1,277. The median rent is $416/week and the median household income is $108,524/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 Kalorama?

Key demand drivers in Kalorama 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 Kalorama?

According to the ABS 2021 Census, Kalorama has a population of approximately 1,277. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Kalorama from the Melbourne CBD?

Kalorama is approximately 37 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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