Suburb Overview
The Basin is an outer-metropolitan suburb of Melbourne, Australia, with a population of approximately 4,497, making it a boutique locality. Located approximately 32 km from the Melbourne CBD, The Basin is a outer metro area in Victoria. The median household income is $104,988 per year.
Location
Key Indicators
Postcode
3154
Postcode for The Basin, from a community postcode dataset cross-checked against Australia Post. A postcode may cover multiple suburbs.
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Population
4,497
Usual resident population at the most recent census.
Median weekly rent
$365/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
$104,988
Annual median household income (before tax) across all households.
Distance to CBD
32 km
Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.
Sale prices & yield
Median house price
$831,000
Median house sale price — as at 2025 (preliminary), Valuer-General Victoria (CC BY 4.0).
Housing
Median monthly mortgage
$1,950/mo
Monthly median mortgage repayment for households currently paying off a mortgage.
Home type
90% houses
Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.
Why People Like Living in The Basin
- Family-friendly fringe location — around 32 km from Melbourne.
- Local parks and reserves (around 2) within easy reach.
- Strong transport links into the city and nearby employment hubs.
- Predominantly separate houses (90%) — suburban lifestyle with more land.
- Newer estates with modern homes and family-sized blocks.
Who The Basin Suits
Pros and Cons
Pros
- Rent sits within an affordable share of local incomes, supporting tenant demand.
- Mortgage costs are lower than the Victoria median, improving cash-flow margins.
- Solid transport links into employment hubs.
Cons
- Long distance to the CBD (32 km) — plan for commute time or local employment.
- New-estate oversupply risk — many similar homes can compete for the same buyers.
- Fewer schools inside the suburb itself — verify catchments for neighbouring areas.
Investment Insight
The Basin is a smaller community of 4,497 — about 61% of the Victoria suburb median (7,416) — so investors should factor in the narrower buyer pool and longer average time-on-market. Households here earn $104,988/year on average — 10% above the VIC suburb median of $95,160 — a modest premium that supports resilient owner-occupier demand. At the 2021 Census, rent of $365/week covered 81% of the $1,950/month median mortgage recorded at the same Census, leaving a gap of roughly $368/month at the time. Rents and repayments have both risen since — re-run the numbers with current figures before drawing conclusions. At 32 km from Melbourne, The Basin is an outer-metro location where buyers are typically trading commute time for floor space and a lower entry price.
Investment Tip
Outer-metro suburbs reward careful property selection — aim for homes near infrastructure rather than generic house-and-land packages. At the 2021 Census, local rents consumed roughly 18% of household income — a dated but useful sanity check on tenant affordability.
The Basin vs Victoria Median
How The Basin stacks up against the median of all Victoria suburbs in our dataset. Positive values mean The Basin sits above the state median; negative means below.
| Metric | The Basin | VIC median | Δ vs state |
|---|---|---|---|
| Population | 4,497 | 7,416 | -39% |
| Median household income | $104,988/yr | $95,160/yr | +10% |
| Median rent (weekly, 2021 Census) | $365 | $380 | -4% |
| Median mortgage (monthly, 2021 Census) | $1,950 | $1,950 | 0% |
| Distance to CBD | 32 km | 32 km | 0% |
| Separate houses | 90% | 78% | +12pp |
Investor Checklist
Pre-inspection briefing for The Basin — every item is derived from public datasets, with full citations in our data sources page.
- Market depth: 4,497 residents — 61% of the VIC suburb median (7,416).
- Purchasing power: median household income $104,988/year (+10% vs Victoria suburb median of $95,160).
- Cash-flow coverage (2021 Census): $365/week rent (≈ $1,582/month) covered ~81% of the $1,950/month median mortgage at the 2021 Census — verify against current rents and rates.
- CBD access: 32 km straight-line from Melbourne (state suburb median 32 km).
- Dwelling mix: 90% separate houses — house-dominant market (vs 78% state median).
- Rate stress-test: budget ~$195/month extra for a 1-percentage-point RBA rate rise on top of the $1,950/month median repayment.
- Tenant rent burden: 18% of the median household income is spent on rent — comfortably affordable.
Investment Strategy
Moderate buy-and-hold potential: The Basin's 4,497-person market and $104,988 median household income work for investors who are selective on street location and property quality rather than counting on a suburb-wide rerating.
Moderate rental coverage at the 2021 Census: rent of $365/week covered 81% of a $1,950/month mortgage, a $368/month gap bridged with equity, depreciation and tax benefits. Re-check with current rents and rates before committing.
With 90% houses in a 4,497-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 $1,950/month median mortgage in The Basin means a 1-percentage-point RBA rate rise could add roughly $195/month to repayments, reducing buyer borrowing capacity and cooling prices.
- Liquidity risk: with 4,497 residents, The Basin 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.
- The Basin is 32 km from the CBD — not close enough to benefit from the inner-ring pricing halo, so growth depends more heavily on local infrastructure decisions and the wider Victoria market cycle.
- House-dominant stock: 90% 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 The Basin regardless of local market conditions.
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Start your first-home journey →2026 Outlook
Capital-growth expectations for The Basin are modest for 2026 — incomes 10% above the VIC median of $95,160 and a population of 4,497 suggest gains will lag headline metro markets. At the 2021 Census, rental coverage ran at ~81% of the typical mortgage ($1,582/month rent vs $1,950/month repayment), keeping cash flow in positive or near-neutral territory. Verify against current rents and rates. Overall investor sentiment for The Basin is balanced 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 The Basin a good suburb for investment?
Whether The Basin suits you depends on your strategy, but the fundamentals are concrete: a population of 4,497, a median household income of $104,988/year and median weekly rent of $365. 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 The Basin?
The main demand drivers in The Basin are an above-state-median household income of $104,988/year, a dwelling mix that is 90% separate houses. Together these shape both owner-occupier and tenant demand.
What is the population of The Basin?
The Basin has a usual resident population of approximately 4,497, 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 The Basin from the Melbourne CBD?
The Basin sits 32 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.
What is the median rent in The Basin?
The most recent census recorded a median weekly rent of $365 in The Basin, equating to approximately $18,980/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 The Basin?
The median monthly mortgage repayment in The Basin is $1,950, or approximately $23,400/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 The Basin cash-flow positive for investors?
A median weekly rent of $365 works out to $1,582/month, covering 81% of the median mortgage repayment of $1,950/month. That leaves a $368/month shortfall (around $4,416/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 The Basin?
The main risks are a thin buyer pool (4,497 residents), interest-rate sensitivity on the $1,950 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 The Basin 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.