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Suburb Insights ยท VIC 3150

Wheelers Hill 3150, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Wheelers Hill is a well-established middle-ring suburb of Melbourne, Australia, with a population of approximately 20,652, making it a sizeable community. Located approximately 22 km from the Melbourne CBD, Wheelers Hill is a middle ring area in Victoria. The median household income is $94,536 AUD per year (ABS 2021 Census).

Investment Score

67 / 100 Good

Wheelers Hill benefits from a high-income resident base, supporting premium property pricing.

Location

Map shows Wheelers Hill, Victoria, Australia.

Key Indicators

Postcode
3150

Official Australia Post postcode for Wheelers Hill. A postcode may cover multiple suburbs.

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Population
20,652

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

ABS Census Data โ†’
Median Rent (weekly)
$481/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
$94,536/yr

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

ABS Census Data โ†’
Distance to CBD
22 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
5

Estimated 5 schools within or near this suburb based on ABS 2021 data.

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Parks & green spaces
8

Estimated 8 parks and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,500/mo

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

ABS Census Data โ†’
Dwelling Type
80% 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

Wheelers Hill's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $481/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $2,500/month. The median household income of $94,536/year reflects a solid demographic, supporting sustainable rental demand. 80% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

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Buy & Hold

With robust local demand and income levels, Wheelers Hill is a natural candidate for patient investors.

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Rental Yield

Rental returns in Wheelers Hill are attractive relative to purchase prices, supporting positive cash flow.

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Renovation / Flip

Wheelers Hill's established market and growing population make it a viable location for value-add renovations.

Risk Factors

Run the numbers on a Wheelers Hill property

Full Property Analysis

30-year projections for Wheelers Hill

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

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2026 Outlook

Growth: Strong Rental Demand: Strong Investor Sentiment: Moderate

Wheelers Hill is well-positioned for continued price appreciation through 2026, underpinned by high household incomes and location appeal. Rental demand remains robust, with low vacancy rates and growing tenant pools keeping yields competitive. Investor sentiment is cautiously optimistic โ€” selective opportunities exist for well-researched buyers.

Frequently Asked Questions

Is Wheelers Hill a good suburb for investment?

Wheelers Hill is a middle ring area in Victoria with a population of 20,652. The median rent is $481/week and the median household income is $94,536/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 Wheelers Hill?

Key demand drivers in Wheelers Hill include established amenities and transport access. 80% of dwellings are separate houses. The area has approximately 5 schools and 8 parks nearby.

What is the population of Wheelers Hill?

According to the ABS 2021 Census, Wheelers Hill has a population of approximately 20,652. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Wheelers Hill from the Melbourne CBD?

Wheelers Hill is approximately 22 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). This is within comfortable commuting range with good transport links.

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