VIC3337· Pop. 40,724Macedon Ranges

HARKNESS

MaturePremium-priced suburb — lower upside but defensive and liquid

Investor score

Vacancy rate is a modelled estimate. Price, rent and annual growth use real government data (see source labels on each card). This is not financial advice. See full disclaimer.

Median price

$610,000

VIC Gov · 2025

Rent yield

2.7%

computed from govt data

Annual growth

5.3%

annualised from govt data

Vacancy rate

1.4%

modelled estimate

AI insights for HARKNESS

Investment analysis, risks & comparisons

PREMIUM

HARKNESS shows strong investment fundamentals with above-average rental demand and a tightening supply pipeline. The gentrification index of 67/100 signals continued capital appreciation potential, particularly within 600m of the main retail and transit corridor.

Key risk: elevated auction clearance volatility over the past two quarters suggests shifting buyer sentiment. Net yield after typical holding costs sits at approximately 3.6%, below the state median of 4.1% — factor this into cash-flow modelling.

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Median price sourced from VIC Gov · 2025 — real government transaction data. Growth, demand and vacancy figures remain modelled estimates.

Median rent

$321/wk

DFFH Moving Annual Rent · Sep 2025

Demand change

+3.2%

annual shift

Yield × growth index

4.0

combined signal

Net yield (est.)

1.32%

after mgmt, rates, insurance, maintenance

5-yr growth (CAGR)

+5.3%

est. compound, long-run avg

10-yr growth (CAGR)

+6.6%

est. compound, long-run avg

Rental demand

68 / 100

Strong demand

Supply pipeline

Real

3.0%

new dwellings approved / stock · ABS 2024-25

Moderate supply

5-year price history

2020

$470k

2021

$515k

2022

$551k

2023

$550k

2025

$610k

Source: VIC Gov · 2025 · all sources

Market overview

HARKNESS is a metropolitan VIC suburb with steady capital growth momentum and lower rental yield. Strong infrastructure, employment access, and lifestyle amenities support ongoing investment demand.

Highlights

Metro VIC suburb with strong infrastructure and transport
Rental yield 2.7% with stable tenant demand
Consistent annual growth of 5.3%
Very low vacancy rate — high rental demand

Risk factors

Subject to broader interest rate and economic conditions

Community profile

Source: ABS Census 2021 · ATO 2022–23

Median household income

$1,462/wk

$99k taxable p.a.

Renters

26.7%

70.8% owner-occupier

Median age

34.0 yrs

Unemployment

3.4%

Population growth

+4.8% p.a.

Investor-owned

8.0%

of all dwellings (ATO)

Houses

60%

34% apartments

Degree qualified

36.4%

bachelor's or higher (ABS)

Work from home

19.6%

of employed residents (ABS Census)

Median lot size

440 m²

Compact block

Household size

2.7 persons

avg per dwelling (ABS Census)

Short-term rental

6.2%

Some Airbnb activity

Market activity

Distance to CBD

40.6 km

Regional

Days on market

23 days

Fast-moving market

Auction clearance

74.5%

Strong demand

Walkability

0 / 100

Car-dependent

Coastal proximity

36.3 km

Inland

NBN technology

FTTP

Fastest — full fibre to premises

Population density

3,109/km²

Dense urban

Schools in postcode 3337

🏫8 Primary🎓4 Secondary📚2 Combined⭐1 Special

ACARA 2025

🏫Primary (8)

St Catherine of Siena School

Catholic · Yrs Prep-6

ICSEA 1002

Arnolds Creek Primary School

Government · Yrs Prep-6

ICSEA 999

Wedge Park Primary School

Government · Yrs Prep-6

ICSEA 976

St Dominic's School

Catholic · Yrs Prep-6

ICSEA 967

Melton Primary School

Government · Yrs Prep-6

ICSEA 961

Toolern Vale and District Primary School

Government · Yrs Prep-6

ICSEA 957

Kurunjang Primary School

Government · Yrs Prep-6

ICSEA 942

Melton West Primary School

Government · Yrs Prep-6

ICSEA 925

🎓Secondary (4)

St Francis Catholic College

Catholic · Yrs 7-12

ICSEA 1012

Kurunjang Secondary College

Government · Yrs 7-12

ICSEA 947

Melton Secondary College

Government · Yrs 7-12

ICSEA 944

Djerriwarrh Community & Education Services - Djerriwarrh Community College

Independent · Yrs 11-12

ICSEA 929

📚Combined (2)

Muhammadiyah Australia College

Independent · Yrs Prep-9

ICSEA 1052

OneSchool Global Vic

Independent · Yrs 3-12

ICSEA 984

⭐Special (1)

Melton Specialist School

Government · Yrs U

ICSEA 951

ICSEA measures the socio-educational background of each school's student community — not academic results or school quality. National average = 1000. Source: ACARA My School 2025.

Liveability & safety

Safety index

High crime

50/ 100

8.6 offences / 100 persons

Source: VIC Crime Statistics Agency · Dec 2025

School quality

Average

970ICSEA · national avg 1000

15 schools in postcode area

Source: ACARA My School 2025

Transit access

Limited

21/ 100

🚆 3 train🚃 25 tram🚌 35 bus

Source: State GTFS feeds

Gentrification signal

/ 100

Early signs

Early-stage signals only. Watch for rising rents, new café activity, and building application increases as leading indicators.

Composite: education premium · youth cohort · rental activity · price gap · transit quality

Environmental risk

🌊

Flood risk

low

Source: State GIS flood zone data

🔥

Bushfire risk

low

Source: CFA / RFS / DFES zone data

⛈️

Storm risk

low

Coastal exposure + state climate

Live suburb intelligence

Fetching live data…

Location

Properties in HARKNESS

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