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Suburb Insights ยท VIC 3351

Pitfield 3351, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Pitfield is a regional centre in Victoria, Australia, with a population of approximately 14, making it a boutique locality. Located approximately 120 km from the Melbourne CBD, Pitfield is a regional area in Victoria. The median household income is $97,500 AUD per year (ABS 2021 Census).

Investment Score

44 / 100 Moderate

Pitfield benefits from a high-income resident base, supporting premium property pricing. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Map shows Pitfield, Victoria, Australia.

Key Indicators

Postcode
3351

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

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Population
14

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

ABS Census Data โ†’
Median Rent (weekly)
N/A

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

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Median Household Income
$97,500/yr

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

ABS Census Data โ†’
Distance to CBD
120 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)
$502/mo

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

ABS Census Data โ†’
Dwelling Type
100% 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, Pitfield 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 household income of $97,500/year reflects a solid demographic, supporting sustainable rental demand. 100% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Holding property in Pitfield over the medium term may deliver steady, if unspectacular, returns.

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Rental Yield

Pitfield's rental market is softer โ€” budget for potential vacancy periods.

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Renovation / Flip

Limited buyer depth in Pitfield makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Pitfield property

Full Property Analysis

30-year projections for Pitfield

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

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Price movement in Pitfield is expected to be flat to modest in 2026, reflecting broader regional market conditions. Landlords in Pitfield may face longer tenant search times; competitive pricing will be important. Sentiment is subdued, though improving local conditions could shift perceptions over time.

Frequently Asked Questions

Is Pitfield a good suburb for investment?

Pitfield is a regional area in Victoria with a population of 14. the median household income is $97,500/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 Pitfield?

Key demand drivers in Pitfield include regional employment hubs, lifestyle, and affordability. 100% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Pitfield?

According to the ABS 2021 Census, Pitfield has a population of approximately 14. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Pitfield from the Melbourne CBD?

Pitfield is approximately 120 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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