Suburb Overview
Tambo Upper is a regional centre in Victoria, Australia, with a population of approximately 325, making it a boutique locality. Located approximately 256 km from the Melbourne CBD, Tambo Upper is a regional area in Victoria. The median household income is $84,500 per year.
Location
Key Indicators
Postcode
3885
Postcode for Tambo Upper, from a community postcode dataset cross-checked against Australia Post. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →
Population
325
Usual resident population at the most recent census.
Median weekly rent
$268/wk
Median weekly rent recorded at the 2021 Census — market rents have risen since, so treat this as a dated baseline, not a current figure.
Median household income
$84,500
Annual median household income (before tax) across all households.
Distance to CBD
256 km
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Housing
Median monthly mortgage
$1,770/mo
Monthly median mortgage repayment for households currently paying off a mortgage.
Home type
85% houses
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Investment Insight
Tambo Upper is a smaller community of 325 — about 4% 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 $84,500/year is 11% below the Victoria median of $95,160, typically translating into lower entry prices and a tenant base more sensitive to rent increases. At the 2021 Census, median rent of $268/week (~$1,161/month) covered only 66% of the $1,770/month median mortgage recorded at the same Census — a dated snapshot, but one that suggests this suburb tilted toward capital growth rather than yield. Tambo Upper is 256 km from Melbourne, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.
Tambo Upper vs Victoria Median
How Tambo Upper stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Tambo Upper sits above the state median; negative means below.
| Metric | Tambo Upper | VIC median | Δ vs state |
|---|---|---|---|
| Population | 325 | 7,416 | -96% |
| Median household income | $84,500/yr | $95,160/yr | -11% |
| Median rent (weekly, 2021 Census) | $268 | $380 | -29% |
| Median mortgage (monthly, 2021 Census) | $1,770 | $1,950 | -9% |
| Distance to CBD | 256 km | 32 km | +700% |
| Separate houses | 85% | 78% | +7pp |
Investor Checklist
Pre-inspection briefing for Tambo Upper — every item is derived from public datasets, with full citations in our data sources page.
- Market depth: 325 residents — 4% of the VIC suburb median (7,416).
- Purchasing power: median household income $84,500/year (-11% vs Victoria suburb median of $95,160).
- Cash-flow coverage (2021 Census): $268/week rent (≈ $1,161/month) covered ~66% of the $1,770/month median mortgage at the 2021 Census — verify against current rents and rates.
- CBD access: 256 km straight-line from Melbourne (state suburb median 32 km).
- Dwelling mix: 85% separate houses — house-dominant market (vs 78% state median).
- Rate stress-test: budget ~$177/month extra for a 1-percentage-point RBA rate rise on top of the $1,770/month median repayment.
- Tenant rent burden: 16% of the median household income is spent on rent — comfortably affordable.
Investment Strategy
Limited buy-and-hold upside: a small population of 325 means liquidity is thin and capital growth tends to lag the wider Victoria market over full cycles.
Moderate rental coverage at the 2021 Census: rent of $268/week covered 66% of a $1,770/month mortgage, a $609/month gap bridged with equity, depreciation and tax benefits. Re-check with current rents and rates before committing.
With 85% houses in a 325-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 $1,770/month median mortgage in Tambo Upper means a 1-percentage-point RBA rate rise could add roughly $177/month to repayments, reducing buyer borrowing capacity and cooling prices.
- Liquidity risk: with 325 residents, Tambo Upper 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 256 km from the nearest CBD, Tambo Upper depends on local employment rather than city-driven commuter demand, which amplifies the market's sensitivity to regional industry slowdowns.
- House-dominant stock: 85% of dwellings are separate houses, so value is concentrated in land — weather events, insurance repricing and land-tax changes hit investors here more directly than in a unit-heavy suburb.
- Regulatory risk: changes to Australian tax settings (negative gearing, CGT discount, foreign-buyer surcharges, land-tax thresholds) could reshape after-tax returns in Tambo Upper regardless of local market conditions.
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Start your first-home journey →2026 Outlook
Capital-growth expectations for Tambo Upper are modest for 2026 — incomes 11% below the VIC median of $95,160 and a population of 325 suggest gains will lag headline metro markets. At the 2021 Census, rental coverage ran at ~66% of the typical mortgage ($1,161/month rent vs $1,770/month repayment), leaving a manageable top-up for most investors. Verify against current rents and rates. Overall investor sentiment for Tambo Upper 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 Tambo Upper a good suburb for investment?
Whether Tambo Upper suits you depends on your strategy, but the fundamentals are concrete: a population of 325, a median household income of $84,500/year and median weekly rent of $268. 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 Tambo Upper?
The main demand drivers in Tambo Upper are a median household income of $84,500/year, a dwelling mix that is 85% separate houses. Together these shape both owner-occupier and tenant demand.
What is the population of Tambo Upper?
Tambo Upper has a usual resident population of approximately 325, 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 Tambo Upper from the Melbourne CBD?
Tambo Upper sits 256 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 Tambo Upper?
The most recent census recorded a median weekly rent of $268 in Tambo Upper, equating to approximately $13,936/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.
What is the typical mortgage repayment in Tambo Upper?
The median monthly mortgage repayment in Tambo Upper is $1,770, or approximately $21,240/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 Tambo Upper cash-flow positive for investors?
A median weekly rent of $268 works out to $1,161/month, covering 66% of the median mortgage repayment of $1,770/month. That leaves a $609/month shortfall (around $7,308/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.
What are the main risks of investing in Tambo Upper?
The main risks are a thin buyer pool (325 residents), interest-rate sensitivity on the $1,770 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 Tambo Upper 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.