ABS 2021 Census · Updated 31 March 2026
Princes Hill is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 2,005, making it a boutique locality. Located 4 km from the Melbourne CBD, Princes Hill is a middle ring area in Victoria. The median household income is $115,336 AUD per year (ABS 2021 Census).
Princes Hill benefits from a high-income resident base, supporting premium property pricing. The short commute to the city centre is a key demand driver.
Map shows Princes Hill, Victoria, Australia.
Official Australia Post postcode for Princes Hill. 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 Princes Hill 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 →Princes Hill's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links — making them attractive to families and long-term tenants. The median rent of $462/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $3,000/month. A median household income of $115,336/year supports premium property values and indicates a well-employed resident base. With only 12% separate houses, Princes Hill has a significant apartment and unit market — typical of inner-city investment corridors.
With robust local demand and income levels, Princes Hill is a natural candidate for patient investors.
Princes Hill's rental market favours investors seeking yield — occupancy rates are typically strong in this area.
The resale market in Princes Hill may not support quick-turnaround renovation projects.
Run the numbers on a Princes Hill property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Princes Hill is well-positioned for continued price appreciation through 2026, underpinned by high household incomes and location appeal. The rental market in Princes Hill should see steady occupancy, with moderate upward pressure on rents. Princes Hill remains on the radar of active property investors in Victoria.
Princes Hill is a middle ring area in Victoria with a population of 2,005. The median rent is $462/week and the median household income is $115,336/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 Princes Hill include established amenities and transport access. 12% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.
According to the ABS 2021 Census, Princes Hill has a population of approximately 2,005. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.
Princes Hill is approximately 4 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.