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Suburb Insights ยท VIC 3756

Upper Plenty 3756, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Upper Plenty is a regional centre in Victoria, Australia, with a population of approximately 415, making it a boutique locality. Located approximately 45 km from the Melbourne CBD, Upper Plenty is a regional area in Victoria. The median household income is $87,724 AUD per year (ABS 2021 Census).

Investment Score

44 / 100 Moderate

Upper Plenty has a solid income profile that supports reliable occupancy rates. Distance from major centres is a consideration, though regional markets can offer higher rental yields.

Location

Map shows Upper Plenty, Victoria, Australia.

Key Indicators

Postcode
3756

Official Australia Post postcode for Upper Plenty. A postcode may cover multiple suburbs.

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Population
415

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

ABS Census Data โ†’
Median Rent (weekly)
$310/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
$87,724/yr

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

ABS Census Data โ†’
Distance to CBD
45 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)
$2,167/mo

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

ABS Census Data โ†’
Dwelling Type
97% 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, Upper Plenty 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 $310/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,167/month. The median household income of $87,724/year reflects a solid demographic, supporting sustainable rental demand. 97% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

Upper Plenty offers moderate buy-and-hold potential โ€” look for properties with value-add opportunities.

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Rental Yield

Upper Plenty can deliver reasonable rental income, though yields are not the primary draw.

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Renovation / Flip

Limited buyer depth in Upper Plenty makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

Run the numbers on a Upper Plenty property

Full Property Analysis

30-year projections for Upper Plenty

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

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

Frequently Asked Questions

Is Upper Plenty a good suburb for investment?

Upper Plenty is a regional area in Victoria with a population of 415. The median rent is $310/week and the median household income is $87,724/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 Upper Plenty?

Key demand drivers in Upper Plenty include regional employment hubs, lifestyle, and affordability. 97% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Upper Plenty?

According to the ABS 2021 Census, Upper Plenty has a population of approximately 415. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Upper Plenty from the Melbourne CBD?

Upper Plenty is approximately 45 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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