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Suburb Insights ยท VIC 3517

Serpentine 3517, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Serpentine is a regional centre in Victoria, Australia, with a population of approximately 222, making it a boutique locality. Located approximately 177 km from the Melbourne CBD, Serpentine is a regional area in Victoria. The median household income is $66,300 AUD per year (ABS 2021 Census).

Investment Score

28 / 100 Weak

Serpentine's income profile suggests a value-oriented market with competitive purchase prices. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Map shows Serpentine, Victoria, Australia.

Key Indicators

Postcode
3517

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

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Population
222

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

ABS Census Data โ†’
Median Rent (weekly)
$100/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
$66,300/yr

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

ABS Census Data โ†’
Distance to CBD
177 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)
$940/mo

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

ABS Census Data โ†’
Dwelling Type
82% 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, Serpentine 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 $100/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $940/month. 82% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Serpentine offers moderate buy-and-hold potential โ€” look for properties with value-add opportunities.

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Rental Yield

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

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Renovation / Flip

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

Risk Factors

Run the numbers on a Serpentine property

Full Property Analysis

30-year projections for Serpentine

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Serpentine faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. Landlords in Serpentine may face longer tenant search times; competitive pricing will be important. Investor sentiment toward Serpentine is currently lukewarm โ€” value hunters may find opportunity here.

Frequently Asked Questions

Is Serpentine a good suburb for investment?

Serpentine is a regional area in Victoria with a population of 222. The median rent is $100/week and the median household income is $66,300/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 Serpentine?

Key demand drivers in Serpentine include regional employment hubs, lifestyle, and affordability. 82% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Serpentine?

According to the ABS 2021 Census, Serpentine has a population of approximately 222. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Serpentine from the Melbourne CBD?

Serpentine is approximately 177 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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