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Suburb Insights ยท VIC 3659

Tallarook 3659, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Tallarook is a regional centre in Victoria, Australia, with a population of approximately 748, making it a boutique locality. Located approximately 78 km from the Melbourne CBD, Tallarook is a regional area in Victoria. The median household income is $92,300 AUD per year (ABS 2021 Census).

Investment Score

41 / 100 Moderate

Above-average earnings in Tallarook support sustained property values. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Tallarook, Victoria, Australia.

Key Indicators

Postcode
3659

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

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Population
748

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

ABS Census Data โ†’
Median Rent (weekly)
$263/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
$92,300/yr

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

ABS Census Data โ†’
Distance to CBD
78 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)
$1,733/mo

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

ABS Census Data โ†’
Dwelling Type
78% 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, Tallarook 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 $263/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,733/month. The median household income of $92,300/year reflects a solid demographic, supporting sustainable rental demand. 78% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Tallarook 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 Tallarook is challenging at current rent-to-price ratios.

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Renovation / Flip

The resale market in Tallarook may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Tallarook property

Full Property Analysis

30-year projections for Tallarook

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Tallarook faces a cautious growth outlook for 2026 โ€” investors should focus on yield rather than short-term gains. The rental pipeline in Tallarook is thinner โ€” flexible lease terms could help secure tenants faster. Tallarook is not a headline market, but contrarian investors may see long-term potential.

Frequently Asked Questions

Is Tallarook a good suburb for investment?

Tallarook is a regional area in Victoria with a population of 748. The median rent is $263/week and the median household income is $92,300/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 Tallarook?

Key demand drivers in Tallarook include regional employment hubs, lifestyle, and affordability. 78% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Tallarook?

According to the ABS 2021 Census, Tallarook has a population of approximately 748. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Tallarook from the Melbourne CBD?

Tallarook is approximately 78 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.

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