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Suburb Insights ยท VIC 3131

Nunawading 3131, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Nunawading is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 12,413, making it a smaller community. Located approximately 19 km from the Melbourne CBD, Nunawading is a middle ring area in Victoria. The median household income is $100,776 AUD per year (ABS 2021 Census).

Investment Score

67 / 100 Good

Nunawading benefits from a high-income resident base, supporting premium property pricing.

Location

Map shows Nunawading, Victoria, Australia.

Key Indicators

Postcode
3131

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

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Population
12,413

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

ABS Census Data โ†’
Median Rent (weekly)
$391/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
$100,776/yr

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

ABS Census Data โ†’
Distance to CBD
19 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)
$2,167/mo

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

ABS Census Data โ†’
Dwelling Type
65% 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

Nunawading'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 $391/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,167/month. A median household income of $100,776/year supports premium property values and indicates a well-employed resident base.

Investment Strategy

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Buy & Hold

With robust local demand and income levels, Nunawading is a natural candidate for patient investors.

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Rental Yield

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

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Renovation / Flip

Older housing stock in Nunawading combined with strong buyer demand creates solid renovation upside.

Risk Factors

Run the numbers on a Nunawading property

Full Property Analysis

30-year projections for Nunawading

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

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Moderate

Nunawading is well-positioned for continued price appreciation through 2026, underpinned by high household incomes and location appeal. Rental demand is expected to be stable, though landlords may need to remain competitive on pricing. Investor sentiment is cautiously optimistic โ€” selective opportunities exist for well-researched buyers.

Frequently Asked Questions

Is Nunawading a good suburb for investment?

Nunawading is a middle ring area in Victoria with a population of 12,413. The median rent is $391/week and the median household income is $100,776/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 Nunawading?

Key demand drivers in Nunawading include established amenities and transport access. 65% of dwellings are separate houses. The area has approximately 3 schools and 5 parks nearby.

What is the population of Nunawading?

According to the ABS 2021 Census, Nunawading has a population of approximately 12,413. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Nunawading from the Melbourne CBD?

Nunawading is approximately 19 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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