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Suburb Insights ยท VIC 3224

Leopold 3224, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Leopold is a coastal suburb in Victoria, Australia, with a population of approximately 13,272, making it a smaller community. Located approximately 60 km from the Melbourne CBD, Leopold is a coastal area in Victoria. The median household income is $82,628 AUD per year (ABS 2021 Census).

Investment Score

55 / 100 Moderate

Household incomes in Leopold sit in a comfortable mid-range for the Victoria market. Coastal lifestyle appeal adds a premium that supports long-term demand.

Location

Map shows Leopold, Victoria, Australia.

Key Indicators

Postcode
3224

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

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Population
13,272

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

ABS Census Data โ†’
Median Rent (weekly)
$375/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
$82,628/yr

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

ABS Census Data โ†’
Distance to CBD
60 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
3

Estimated 3 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
5

Estimated 5 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,603/mo

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

ABS Census Data โ†’
Dwelling Type
88% 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

Coastal lifestyle is a strong draw for Leopold, supporting both long-term rental demand and holiday letting potential. Seaside suburbs in Victoria consistently attract interstate migration and lifestyle buyers. The median rent of $375/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,603/month. The median household income of $82,628/year reflects a solid demographic, supporting sustainable rental demand. 88% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

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

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Rental Yield

Rental yields in Leopold are moderate โ€” screen for properties that offer above-average returns.

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Renovation / Flip

Some renovation potential exists in Leopold, though margins may be tighter due to higher base prices or competition.

Risk Factors

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Full Property Analysis

30-year projections for Leopold

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

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2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Moderate

Leopold is expected to see moderate price growth in 2026 as the broader Victoria market stabilises. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. The market mood around Leopold is balanced โ€” neither bullish nor bearish heading into 2026.

Frequently Asked Questions

Is Leopold a good suburb for investment?

Leopold is a coastal area in Victoria with a population of 13,272. The median rent is $375/week and the median household income is $82,628/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 Leopold?

Key demand drivers in Leopold include lifestyle appeal and proximity to the coast. 88% of dwellings are separate houses. The area has approximately 3 schools and 5 parks nearby.

What is the population of Leopold?

According to the ABS 2021 Census, Leopold has a population of approximately 13,272. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Leopold from the Melbourne CBD?

Leopold is approximately 60 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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