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Suburb Insights ยท VIC 3491

Patchewollock 3491, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Patchewollock is a regional centre in Victoria, Australia, with a population of approximately 149, making it a boutique locality. Located approximately 362 km from the Melbourne CBD, Patchewollock is a regional area in Victoria. The median household income is $52,936 AUD per year (ABS 2021 Census).

Investment Score

24 / 100 Weak

Patchewollock's income profile suggests a value-oriented market with competitive purchase prices. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Map shows Patchewollock, Victoria, Australia.

Key Indicators

Postcode
3491

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

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Population
149

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

ABS Census Data โ†’
Median Rent (weekly)
$173/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
$52,936/yr

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

ABS Census Data โ†’
Distance to CBD
362 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)
$109/mo

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

ABS Census Data โ†’
Dwelling Type
73% 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

As a regional centre, Patchewollock 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 $173/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $109/month.

Investment Strategy

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Buy & Hold

Buy-and-hold in Patchewollock carries higher risk due to limited demand drivers and slower growth fundamentals.

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Rental Yield

Achieving strong cash flow in Patchewollock is challenging at current rent-to-price ratios.

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Renovation / Flip

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

Risk Factors

Run the numbers on a Patchewollock property

Full Property Analysis

30-year projections for Patchewollock

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Patchewollock faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. Rental demand may be softer โ€” budgeting for vacancy periods is prudent in Patchewollock's 2026 outlook. Patchewollock is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Patchewollock a good suburb for investment?

Patchewollock is a regional area in Victoria with a population of 149. The median rent is $173/week and the median household income is $52,936/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 Patchewollock?

Key demand drivers in Patchewollock include regional employment hubs, lifestyle, and affordability. 73% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Patchewollock?

According to the ABS 2021 Census, Patchewollock has a population of approximately 149. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Patchewollock from the Melbourne CBD?

Patchewollock is approximately 362 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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