Suburb Overview
Spargo Creek is a regional centre in Victoria, Australia, with a population of approximately 42, making it a boutique locality. Located approximately 80 km from the Melbourne CBD, Spargo Creek is a regional area in Victoria. The median household income is $87,724 per year.
Location
Key Indicators
Postcode
3461
Postcode for Spargo Creek, from a community postcode dataset cross-checked against Australia Post. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →
Population
42
Usual resident population at the most recent census.
Median weekly rent
N/A
A current median rent has not been published for this suburb.
Median household income
$87,724
Annual median household income (before tax) across all households.
Distance to CBD
80 km
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Housing
Median monthly mortgage
$1,104/mo
Monthly median mortgage repayment for households currently paying off a mortgage.
Home type
79% houses
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Investment Insight
Spargo Creek is a smaller community of 42 — about 1% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. Household income of $87,724/year is 8% below the Victoria median of $95,160, typically translating into lower entry prices and a tenant base more sensitive to rent increases. Spargo Creek is 80 km from Melbourne, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.
Spargo Creek vs Victoria Median
How Spargo Creek stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Spargo Creek sits above the state median; negative means below.
| Metric | Spargo Creek | VIC median | Δ vs state |
|---|---|---|---|
| Population | 42 | 7,416 | -99% |
| Median household income | $87,724/yr | $95,160/yr | -8% |
| Median mortgage (monthly, 2021 Census) | $1,104 | $1,950 | -43% |
| Distance to CBD | 80 km | 32 km | +150% |
| Separate houses | 79% | 78% | +1pp |
Investor Checklist
Pre-inspection briefing for Spargo Creek — every item is derived from public datasets, with full citations in our data sources page.
- Market depth: 42 residents — 1% of the VIC suburb median (7,416).
- Purchasing power: median household income $87,724/year (-8% vs Victoria suburb median of $95,160).
- Gross rental income: verify via realestate.com.au — median rent data was not captured for this suburb.
- CBD access: 80 km straight-line from Melbourne (state suburb median 32 km).
- Dwelling mix: 79% separate houses — house-dominant market (vs 78% state median).
- Rate stress-test: budget ~$110/month extra for a 1-percentage-point RBA rate rise on top of the $1,104/month median repayment.
- Tenant rent burden: rent-to-income data not available — verify against state rental tribunal dashboards.
Investment Strategy
Limited buy-and-hold upside: a small population of 42 means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.
Median rental data was not captured for Spargo Creek. Use current realestate.com.au and Domain listings to triangulate a realistic weekly rent before committing, then feed that number into our rental yield calculator.
With 79% houses in a 42-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.
Risk Factors
- Interest-rate sensitivity: the $1,104/month median mortgage in Spargo Creek means a 1-percentage-point RBA rate rise could add roughly $110/month to repayments, reducing buyer borrowing capacity and cooling prices.
- Liquidity risk: with 42 residents, Spargo Creek has a thinner pool of buyers and tenants than larger suburbs. Expect longer days-on-market on resale and budget for potential vacancy gaps between tenancies.
- Commute distance: at 80 km from the nearest CBD, Spargo Creek depends on local employment rather than city-driven commuter demand, which amplifies the market's sensitivity to regional industry slowdowns.
- Regulatory risk: changes to Australian tax settings (negative gearing, CGT discount, foreign-buyer surcharges, land-tax thresholds) could reshape after-tax returns in Spargo Creek regardless of local market conditions.
- Market cycle risk: property markets are cyclical, so stress-test your projections in Spargo Creek with a 10–15% price pullback scenario before committing capital — returns to date are not a guarantee of future performance.
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Start your first-home journey →2026 Outlook
Capital-growth expectations for Spargo Creek are modest for 2026 — incomes 8% below the VIC median of $95,160 and a population of 42 suggest gains will lag headline metro markets. Rental fundamentals will need to be verified against live listings, as a clean median rent was not recorded for Spargo Creek. Overall investor sentiment for Spargo Creek is cautious heading into the second half of 2026, based on its income, rent and mortgage profile relative to the Victoria median.
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Frequently Asked Questions
Is Spargo Creek a good suburb for investment?
Whether Spargo Creek suits you depends on your strategy, but the fundamentals are concrete: a population of 42, a median household income of $87,724/year. Weigh those against your goal — cash flow, capital growth, or a value-add renovation — each of which we break down with suburb-specific ABS numbers elsewhere on this page.
What drives property demand in Spargo Creek?
The main demand drivers in Spargo Creek are a median household income of $87,724/year, a dwelling mix that is 79% separate houses. Together these shape both owner-occupier and tenant demand.
What is the population of Spargo Creek?
Spargo Creek has a usual resident population of approximately 42, 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.
How far is Spargo Creek from the Melbourne CBD?
Spargo Creek sits 80 km straight-line from the Melbourne CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.
What is the median rent in Spargo Creek?
A reliable median rent was not captured for Spargo Creek. Benchmark expected weekly rent on realestate.com.au and Domain, or the state rental tribunal's rent dashboard. Most Australian investors target a 4–5% gross yield as a baseline.
What is the typical mortgage repayment in Spargo Creek?
The median monthly mortgage repayment in Spargo Creek is $1,104, or approximately $13,248/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.
Is Spargo Creek cash-flow positive for investors?
Census data was not complete enough in Spargo Creek to compute a clean rent-to-mortgage coverage. Use current listings to benchmark weekly rent, then plug your expected purchase price into our rental yield calculator to see whether the investment runs cash-flow positive or negative.
What are the main risks of investing in Spargo Creek?
The main risks are a thin buyer pool (42 residents), interest-rate sensitivity on the $1,104 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.
How we built this Spargo Creek profile
The population, postcode, median household income, and dwelling mix on this page are real figures from the ABS 2021 Census (income is the ABS median weekly household income annualised) and Australia Post. Distance to the CBD is calculated from the suburb's ABS centroid. The Census median rent and mortgage repayment are 2021 figures and are clearly labelled as such wherever they appear — they are five years old and have moved substantially since. We do not publish an investment score or school/park counts for this suburb. See our methodology and data sources for exactly what's measured and what's estimated.