ABS 2021 Census · Updated 31 March 2026
Northwood is a regional centre in Victoria, Australia, with a population of approximately 203, making it a boutique locality. Located approximately 97 km from the Melbourne CBD, Northwood is a regional area in Victoria. The median household income is $98,540 AUD per year (ABS 2021 Census).
Above-average earnings in Northwood support sustained property values. Distance from major centres is a consideration, though regional markets can offer higher rental yields.
Map shows Northwood, Victoria, Australia.
Official Australia Post postcode for Northwood. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.
ABS Census Data →Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.
State Rental Authority →Annual median household income (before tax) for all households. Source: ABS 2021 Census.
ABS Census Data →Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb based on ABS 2021 data.
Find schools near Northwood on My School →Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.
Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.
ABS Census Data →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 →As a regional centre, Northwood 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 $280/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,113/month. The median household income of $98,540/year reflects a solid demographic, supporting sustainable rental demand. 85% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.
Northwood offers moderate buy-and-hold potential — look for properties with value-add opportunities.
Northwood's rental market is softer — budget for potential vacancy periods.
Limited buyer depth in Northwood makes flip strategies higher-risk — consider rental conversion instead.
Run the numbers on a Northwood property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Price movement in Northwood is expected to be flat to modest in 2026, reflecting broader regional market conditions. The rental pipeline in Northwood is thinner — flexible lease terms could help secure tenants faster. Sentiment is subdued, though improving local conditions could shift perceptions over time.
Northwood is a regional area in Victoria with a population of 203. The median rent is $280/week and the median household income is $98,540/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.
Key demand drivers in Northwood include regional employment hubs, lifestyle, and affordability. 85% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.
According to the ABS 2021 Census, Northwood has a population of approximately 203. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.
Northwood is approximately 97 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.