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Suburb Insights ยท VIC 3024

Mount Cottrell 3024, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Mount Cottrell is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 496, making it a boutique locality. Located approximately 30 km from the Melbourne CBD, Mount Cottrell is a middle ring area in Victoria. The median household income is $80,184 AUD per year (ABS 2021 Census).

Investment Score

52 / 100 Moderate

Mount Cottrell has a solid income profile that supports reliable occupancy rates.

Location

Map shows Mount Cottrell, Victoria, Australia.

Key Indicators

Postcode
3024

Official Australia Post postcode for Mount Cottrell. A postcode may cover multiple suburbs.

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Population
496

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

ABS Census Data โ†’
Median Rent (weekly)
$462/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$80,184/yr

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

ABS Census Data โ†’
Distance to CBD
30 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)
$1,973/mo

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

ABS Census Data โ†’
Dwelling Type
86% 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

Mount Cottrell's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $462/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $1,973/month. The median household income of $80,184/year reflects a solid demographic, supporting sustainable rental demand. 86% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Solid fundamentals in Mount Cottrell support capital growth over a medium to long hold period.

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Rental Yield

Mount Cottrell's rental market favours investors seeking yield โ€” occupancy rates are typically strong in this area.

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Renovation / Flip

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

Risk Factors

Run the numbers on a Mount Cottrell property

Full Property Analysis

30-year projections for Mount Cottrell

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

Property values in Mount Cottrell should hold firm in 2026, with gradual appreciation tied to infrastructure and population trends. The rental market in Mount Cottrell should see steady occupancy, with moderate upward pressure on rents. Investor sentiment is cautiously optimistic โ€” selective opportunities exist for well-researched buyers.

Frequently Asked Questions

Is Mount Cottrell a good suburb for investment?

Mount Cottrell is a middle ring area in Victoria with a population of 496. The median rent is $462/week and the median household income is $80,184/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 Mount Cottrell?

Key demand drivers in Mount Cottrell include established amenities and transport access. 86% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Mount Cottrell?

According to the ABS 2021 Census, Mount Cottrell has a population of approximately 496. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Mount Cottrell from the Melbourne CBD?

Mount Cottrell is approximately 30 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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