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ABS 2021 Census · Updated 21 May 2026
Lysterfield is an outer-metropolitan suburb of Melbourne, Australia, with a population of approximately 6,681, making it a smaller community. Located approximately 33 km from the Melbourne CBD, Lysterfield is a outer metro area in Victoria. The median household income is $143,208 per year.
Lysterfield benefits from a high-income resident base, supporting premium property pricing. While further from the city, improving transport links could boost future demand.
Official Australia Post postcode for Lysterfield. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 2 schools within or near this suburb.
Find schools near Lysterfield on My School →Estimated 3 parks and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
6,681 residents places Lysterfield squarely in the middle of the Victoria suburb size distribution (state median 7,416), with market depth comparable to most VIC localities. Median household income of $143,208/year runs 50% 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. Rent of $435/week (86% coverage of the $2,200/month median mortgage) leaves a gap of roughly $315/month that a typical investor bridges with negative gearing, depreciation and capital growth. At 33 km from Melbourne, Lysterfield is an outer-metro location where buyers are typically trading commute time for floor space and a lower entry price. Separate houses make up 97% of dwellings — 19 percentage points above the Victoria median of 78% — pointing to a family-oriented, land-rich market where value is concentrated in the underlying block.
This suburb suits long-term investors due to steady population growth and affordable entry prices. Look for established streets close to schools and shops rather than raw new-estate land. Local rents consume roughly 16% of household income — a useful sanity check on tenant affordability.
How Lysterfield stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Lysterfield sits above the state median; negative means below.
| Metric | Lysterfield | VIC median | Δ vs state |
|---|---|---|---|
| Population | 6,681 | 7,416 | -10% |
| Median household income | $143,208/yr | $95,160/yr | +50% |
| Median rent (weekly) | $435 | $380 | +14% |
| Median mortgage (monthly) | $2,200 | $1,950 | +13% |
| Distance to CBD | 33 km | 32 km | +3% |
| Separate houses | 97% | 78% | +19pp |
Pre-inspection briefing for Lysterfield — every item is derived from public datasets, with full citations in our data sources page.
Solid buy-and-hold profile: a population of 6,681 and household income close to the VIC median ($143,208 vs $95,160) give the market enough depth for patient capital growth without the premium entry price of inner suburbs.
Strong rental coverage: $435/week (~$1,885/month) covers 86% of the $2,200/month median mortgage repayment, so the shortfall sits at just $315/month. Investors targeting positive cash flow should shortlist this suburb.
A dwelling mix skewed to houses (97% vs 78% VIC median) combined with a population of 6,681 creates a deeper market for value-add renovations — older stock, separate titles and stronger buyer competition are the usual pattern here.
Run the numbers on a Lysterfield property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Property values in Lysterfield should track the wider Victoria market through 2026, with the $143,208/year median household income (50% above the $95,160 state median) keeping the suburb firmly mid-pack. Rental coverage runs at ~86% of the typical mortgage ($1,885/month rent vs $2,200/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 72/100 places Lysterfield in the upper-middle tier of Australian suburbs we profile, and overall investor sentiment is constructive heading into the second half of 2026.
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Lysterfield scores 72/100 on our EquitySight investment framework — a good rating. That score is driven by a population of 6,681, median household income of $143,208/year and median weekly rent of $435. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Lysterfield are an above-state-median household income of $143,208/year, a dwelling mix that is 97% separate houses, roughly 2 schools and 3 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Lysterfield has a usual resident population of approximately 6,681, 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.
Lysterfield sits 33 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.
The most recent census recorded a median weekly rent of $435 in Lysterfield, equating to approximately $22,620/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.
The median monthly mortgage repayment in Lysterfield is $2,200, or approximately $26,400/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.
A median weekly rent of $435 works out to $1,885/month, covering 86% of the median mortgage repayment of $2,200/month. That leaves a $315/month shortfall (around $3,780/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.
The main risks are interest-rate sensitivity on the $2,200 median mortgage, the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.