EquitySight.app
Free full calculator →
EquitySight.app
Free full calculator →
ABS 2021 Census · Updated 21 May 2026
Smiths Gully is a regional centre in Victoria, Australia, with a population of approximately 356, making it a boutique locality. Located approximately 35 km from the Melbourne CBD, Smiths Gully is a regional area in Victoria. The median household income is $128,336 per year.
Above-average earnings in Smiths Gully support sustained property values. Distance from major centres is a consideration, though regional markets can offer higher rental yields.
Official Australia Post postcode for Smiths Gully. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at the most recent census.
Weekly median rent for occupied homes. Live rental data integration coming soon.
Annual median household income (before tax) across all households.
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb.
Find schools near Smiths Gully on My School →Estimated 1 park and green spaces near this suburb.
Monthly median mortgage repayment for households currently paying off a mortgage.
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Smiths Gully is a smaller community of 356 — about 5% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. Median household income of $128,336/year runs 35% above the Victoria suburb median of $95,160, indicating strong purchasing power and the type of demographic profile that tends to sustain premium property prices through market cycles. Median rent of $278/week (~$1,205/month) covers only 56% of the median mortgage of $2,167/month — the remaining $962/month must be funded from other income, so this suburb tilts toward capital growth rather than yield. At 35 km from Melbourne, Smiths Gully is an outer-metro location where buyers are typically trading commute time for floor space and a lower entry price. Separate houses make up 94% of dwellings — 16 percentage points above the Victoria median of 78% — pointing to a family-oriented, land-rich market where value is concentrated in the underlying block.
How Smiths Gully stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Smiths Gully sits above the state median; negative means below.
| Metric | Smiths Gully | VIC median | Δ vs state |
|---|---|---|---|
| Population | 356 | 7,416 | -95% |
| Median household income | $128,336/yr | $95,160/yr | +35% |
| Median rent (weekly) | $278 | $380 | -27% |
| Median mortgage (monthly) | $2,167 | $1,950 | +11% |
| Distance to CBD | 35 km | 32 km | +9% |
| Separate houses | 94% | 78% | +16pp |
Pre-inspection briefing for Smiths Gully — every item is derived from public datasets, with full citations in our data sources page.
Limited buy-and-hold upside: a small population of 356 means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.
Weak cash flow: $278/week rent covers only 56% of the $2,167/month median mortgage — a $962/month gap that must be funded from other income. This suburb is a capital-growth play, not a yield play.
With 94% houses in a 356-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Run the numbers on a Smiths Gully property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Capital-growth expectations for Smiths Gully are modest for 2026 — incomes 35% above the VIC median of $95,160 and a population of 356 suggest gains will lag headline metro markets. Rental coverage runs at ~56% of the typical mortgage ($1,205/month rent vs $2,167/month repayment), meaning investors will rely on capital growth rather than yield. The EquitySight investment score of 57/100 places Smiths Gully in the mid tier of Australian suburbs we profile, and overall investor sentiment is balanced heading into the second half of 2026.
Lived in Smiths Gully? Help other investors with an honest 100-word review. Sign-in required; all reviews are manually moderated before they appear.
Smiths Gully scores 57/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 356, median household income of $128,336/year and median weekly rent of $278. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.
The main demand drivers in Smiths Gully are an above-state-median household income of $128,336/year, a dwelling mix that is 94% separate houses, roughly 1 schools and 1 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.
Smiths Gully has a usual resident population of approximately 356, compared with a Victoria suburb median of 7,416 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.
Smiths Gully sits 35 km straight-line from the Melbourne CBD. This is an outer-metro location; local employment and infrastructure announcements tend to move prices more than CBD connectivity alone.
The most recent census recorded a median weekly rent of $278 in Smiths Gully, equating to approximately $14,456/year in gross rental income (state median $380/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.
The median monthly mortgage repayment in Smiths Gully is $2,167, or approximately $26,004/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.
A median weekly rent of $278 works out to $1,205/month, covering 56% of the median mortgage repayment of $2,167/month. That leaves a $962/month shortfall (around $11,544/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.
The main risks are a thin buyer pool (356 residents), interest-rate sensitivity on the $2,167 median mortgage, the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.
Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.