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Suburb Insights ยท VIC 3477

Stuart Mill 3477, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Stuart Mill is a regional centre in Victoria, Australia, with a population of approximately 78, making it a boutique locality. Located approximately 187 km from the Melbourne CBD, Stuart Mill is a regional area in Victoria. The median household income is $54,184 AUD per year (ABS 2021 Census).

Investment Score

27 / 100 Weak

Lower income levels in Stuart Mill typically translate to more affordable entry points for investors. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Map shows Stuart Mill, Victoria, Australia.

Key Indicators

Postcode
3477

Official Australia Post postcode for Stuart Mill. A postcode may cover multiple suburbs.

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Population
78

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

ABS Census Data โ†’
Median Rent (weekly)
$205/wk

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

State Rental Authority โ†’
Median Household Income
$54,184/yr

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

ABS Census Data โ†’
Distance to CBD
187 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)
$705/mo

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

ABS Census Data โ†’
Dwelling Type
63% 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, Stuart Mill 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 $205/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $705/month.

Investment Strategy

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Buy & Hold

Long-term holding in Stuart Mill requires careful assessment of local economic resilience.

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Rental Yield

Rental yields in Stuart Mill tend to be lower โ€” investors may need to rely on capital growth instead.

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Renovation / Flip

Renovation or flip strategies in Stuart Mill face headwinds from a smaller buyer pool and slower turnover.

Risk Factors

Run the numbers on a Stuart Mill property

Full Property Analysis

30-year projections for Stuart Mill

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Capital growth in Stuart Mill may remain subdued in 2026, with limited demand drivers in the near term. Landlords in Stuart Mill 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 Stuart Mill a good suburb for investment?

Stuart Mill is a regional area in Victoria with a population of 78. The median rent is $205/week and the median household income is $54,184/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 Stuart Mill?

Key demand drivers in Stuart Mill include regional employment hubs, lifestyle, and affordability. 63% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Stuart Mill?

According to the ABS 2021 Census, Stuart Mill has a population of approximately 78. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Stuart Mill from the Melbourne CBD?

Stuart Mill is approximately 187 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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