Sawmill Settlement
3723 VIC
Sawmill Settlement in VIC 3723 is home to a small population with a mix of age groups, with a notable number in the 45 to 64 age range. The suburb offers a peaceful lifestyle surrounded by nature, making it ideal for those seeking a quiet escape.
The suburb presents a good opportunity for property investors interested in houses, with a high sale price IQR ratio indicating potential for renovation projects. The median growth rate is strong, suggesting good capital growth potential in the long term.
Sawmill Settlement, VIC 3723, boasts a tranquil environment with a small population. The suburb offers investment potential in houses, with opportunities for renovation projects and strong capital growth prospects. It is an ideal location for those looking for a peaceful escape surrounded by nature.
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 Sawmill Settlement houses.
Median Price
$553k
# Sales
6
12M Growth
10.5%
10Y Ave Growth
9.0%
Why Buyers Look Here
Owner occupier appeal — 62% owner-occupied — strong community stability and pride of ownership.
Proven growth — 9.0% average annual growth over 10 years.
Low vacancy — 1.4% vacancy rate — strong rental demand and tenant retention.
Capital Growth
Pricing and long-term growth profile for Sawmill Settlement houses.
Median Price
$553k
# Sales
6
12M Growth
10.5%
10Y Ave Growth
9.0%
Rental Market
Yield, rental pricing and vacancy performance for Sawmill Settlement houses.
Weekly Rent
$400
Rental Yield
3.8%
Vacancy Rate
1.4%
Rentals Last 12M
3
Supply & Demand
Stock levels, days on market and selling conditions for Sawmill Settlement.
Stock on Market
5.2%
Days on Market
113
Building Approvals
—
Infrastructure Spend
—
Demographics
Household profile, income strength and owner occupier mix in Sawmill Settlement.
Population
86
Owner Occupiers
62%
Median Income
$74k
IRSAD Rank
80
Recent Sales
Recently sold properties in Sawmill Settlement.
Sold Apr 2026
House
12 Christensen
Sawmill Settlement · 2,750 m²
$530k
310
40 days on market
Sold Feb 2026
House
16 Christensen Street
Sawmill Settlement · 1,998 m²
$630k
424
228 days on market
Sold Oct 2025
House
4 Finch Street
Sawmill Settlement · 668 m²
$415k
311
160 days on market
Sold Sept 2025
House
24 WARRAMBAT ROAD
Sawmill Settlement · 1,325 m²
$780k
422
43 days on market
Sold May 2025
House
38 Warrambat Road
Sawmill Settlement · 903 m²
$595k
421
120 days on market
Sold May 2025
House
43 Christensen Street
Sawmill Settlement · 888 m²
$510k
212
104 days on market
