Lower Plenty
3093 VIC
Lower Plenty has a population of 3,962 with most residents aged between 5 to 64 years. The suburb offers a mix of occupations, with a significant number of professionals, managers, and technicians. The weekly median household income is $2,160. Commuting patterns mainly involve motor vehicles and Working From Home (WFH) is popular in the area. Government schools in Lower Plenty have an Index of Community Socio-Educational Advantage (ICSEA) at the 80th percentile.
Lower Plenty presents opportunities for both House and Unit investors. With a low vacancy rate and high rental demand, investors may find steady rental income. The suburb's high online search interest indicates buyer demand. For House investors, the wide price range and high Sale Price IQR Ratio suggest potential for renovation projects, attracting renovators. Unit investors benefit from a lower price range compared to neighbouring suburbs, offering affordability and potential for growth.
Lower Plenty is a family-friendly suburb with a mix of residents employed in various occupations. The area offers good rental prospects for investors, with strong demand for both Houses and Units. Property buyers seeking renovation projects may find opportunities in the House segment due to the wide price range and high Sale Price IQR Ratio. Overall, Lower Plenty provides a desirable lifestyle with educational advantages and convenient commuting options.
Sources:
- proptechdata.com.au
- Australian Bureau of Statistics (ABS) Census 2021
- Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Neighbouring Suburbs
Suburb Highlights
Pricing and long-term growth profile for Lower Plenty houses.
Median Price
$1.240M
# Sales
47
12M Growth
-20.8%
10Y Ave Growth
4.1%
Why Buyers Look Here
Owner occupier appeal — 83% owner-occupied — strong community stability and pride of ownership.
Proven growth — 4.1% average annual growth over 10 years.
Tight supply — Only 1.3% of stock on market — limited turnover supports price growth.
Capital Growth
Pricing and long-term growth profile for Lower Plenty houses.
Median Price
$1.240M
# Sales
47
12M Growth
-20.8%
10Y Ave Growth
4.1%
Rental Market
Yield, rental pricing and vacancy performance for Lower Plenty houses.
Weekly Rent
$620
Rental Yield
3.1%
Vacancy Rate
1.5%
Rentals Last 12M
18
Supply & Demand
Stock levels, days on market and selling conditions for Lower Plenty.
Stock on Market
1.3%
Days on Market
36
Building Approvals
2.7%
Infrastructure Spend
—
Demographics
Household profile, income strength and owner occupier mix in Lower Plenty.
Population
3,962
Owner Occupiers
83%
Median Income
$112k
IRSAD Rank
95
Recent Sales
Recently sold properties in Lower Plenty.
