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ABS 2021 Census · Updated 21 May 2026
Myers Flat is a regional centre in Victoria, Australia, with a population of approximately 545, making it a boutique locality. Located approximately 141 km from the Melbourne CBD, Myers Flat is a regional area in Victoria. The median household income is $79,300 per year.
Moderate income levels in Myers Flat indicate steady rental demand from working households. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.
Official Australia Post postcode for Myers Flat. 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 1 school within or near this suburb.
Find schools near Myers Flat on My School →Estimated 1 park 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.
Myers Flat is a smaller community of 545 — about 7% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. Household income of $79,300/year is 17% below the Victoria median of $95,160, typically translating into lower entry prices and a tenant base more sensitive to rent increases. Median rent of $190/week (~$823/month) covers only 61% of the median mortgage of $1,344/month — the remaining $521/month must be funded from other income, so this suburb tilts toward capital growth rather than yield. Myers Flat is 141 km from Melbourne, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.
How Myers Flat stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Myers Flat sits above the state median; negative means below.
| Metric | Myers Flat | VIC median | Δ vs state |
|---|---|---|---|
| Population | 545 | 7,416 | -93% |
| Median household income | $79,300/yr | $95,160/yr | -17% |
| Median rent (weekly) | $190 | $380 | -50% |
| Median mortgage (monthly) | $1,344 | $1,950 | -31% |
| Distance to CBD | 141 km | 32 km | +341% |
| Separate houses | 87% | 78% | +9pp |
Pre-inspection briefing for Myers Flat — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: a small population of 545 means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.
Weak cash flow: $190/week rent covers only 61% of the $1,344/month median mortgage — a $521/month gap that must be funded from other income. This suburb is a capital-growth play, not a yield play.
With 87% houses in a 545-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Run the numbers on a Myers Flat property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Myers Flat are modest for 2026 — incomes 17% below the VIC median of $95,160 and a population of 545 suggest gains will lag headline metro markets. Rental coverage runs at ~61% of the typical mortgage ($823/month rent vs $1,344/month repayment), leaving a manageable top-up for most investors. The EquitySight investment score of 34/100 places Myers Flat in the lower tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.
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Myers Flat scores 34/100 on our EquitySight investment framework — a weak rating. That score is driven by a population of 545, median household income of $79,300/year and median weekly rent of $190. 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 Myers Flat are a median household income of $79,300/year, a dwelling mix that is 87% separate houses, roughly 1 schools and 1 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.
Myers Flat has a usual resident population of approximately 545, 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.
Myers Flat sits 141 km straight-line from the Melbourne CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.
The most recent census recorded a median weekly rent of $190 in Myers Flat, equating to approximately $9,880/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 Myers Flat is $1,344, or approximately $16,128/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 $190 works out to $823/month, covering 61% of the median mortgage repayment of $1,344/month. That leaves a $521/month shortfall (around $6,252/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 a thin buyer pool (545 residents), interest-rate sensitivity on the $1,344 median mortgage, below-median household incomes ($79,300 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.
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.