Fawkner, VIC 3060
Good to know:
Fawkner, VIC 3060, is a suburb situated 12 km north of Melbourne's CBD. Traditionally a working-class area, it has been evolving with an increasingly diverse population. The suburb is well-served by public transport, including the Gowrie and Fawkner train stations on the Upfield line. Key amenities include the Fawkner Cemetery, Merri Creek parklands, and a variety of local shops and eateries along Bonwick Street. Educational facilities include Fawkner Primary School and John Fawkner Secondary College. The community is largely residential, offering a mix of older homes and newer developments.
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Fawkner VIC 3060 shows a typical house price of $878,801, median rent of $608 per week and a gross yield of 3.6% — the Fawkner VIC 3060 property market combines tight selling supply and strong rental demand with affordability pressure. For investors this means Fawkner VIC 3060 property investment is supported by low stock (SoM 0.39%) and short days on market (27 days), while house prices in Fawkner are operating in a market where ownership is relatively unaffordable (Affordability index ~51 years), which can limit buyer depth and increase sensitivity to interest-rate and income shocks.
Property market outlook
- Supply/demand balance: Supply is tight for houses — SoM% 0.39% (opportune) and Inventory 1.37 months (opportune) — which is supportive of upward price pressure if demand holds. Building approvals ratio is neutral (0.7%), so immediate incoming supply is not excessive.
- Sales dynamics: Fast selling market (DOM 27 days) and a high clearance rate (77.9%) indicate strong transactional demand; these are classic signs that established stock is competitively bid.
- Rental market: Vacancy 0.94% is in opportune territory (<1%), indicating a tight rental market and reduced rental vacancy risk. Median rent $608 and yield 3.6% produce a modest return profile but with rental income security given low vacancy.
- Socio-economic & affordability: IRSAD 942 sits in the neutral band — not a high-SES market — while the affordability index at 51 years is an outlier (very high) and the key constraint. High affordability years mean owner-occupier capacity is constrained and the market can be more dependent on investors and demand from a narrower buyer pool.
- Near-term expectation: Given tight supply, strong clearance rates and low vacancy, expect price resilience and potential modest capital growth if macro conditions are stable. However affordability constraints and modest yields make the suburb sensitive to rate rises and slower wage growth.
Pros
- Tight for-sale stock: SoM% 0.39% and Inventory 1.37 months — low available stock supports price strength.
- Strong transactional demand: DOM 27 days and clearance rate ~78% show buyers actively competing.
- Secure rental market: Vacancy ~0.94% reduces vacancy risk and supports rent retention or modest rent rises.
- Data confidence: High confidence in the underlying data increases reliability of the signals reported.
Cons
- Severe affordability constraint: Affordability index ~51 years is well above the >30-year threshold and is the clearest structural headwind for future demand from local owner-occupiers.
- Modest yield: 3.6% gross is above a basic 3% benchmark but remains low for yield-focused investors compared with higher-yielding regional options.
- Neutral socio-economic indicators: IRSAD 942 is neutral (not opportune), suggesting limited premium socio‑economic tailwinds for sustained outperformance.
- Limited development buffer: Building approvals ratio 0.7% is neutral — not enough new supply to materially change the market, but neither is it supplying a fresh growth catalyst.
Investment strategies
- Capital-growth bias, long hold: Target investors seeking capital growth over a multi-year horizon. Tight supply and strong clearance rates favour a long-hold, capital-appreciation strategy rather than short-term yield play.
- Value-add townhouse/house upgrades: Low vacancy and competitive market allow targeted renovations that can lift rent and value; unlocking 5–10% uplift in rent/value through kitchen/bath upgrades can materially improve total RoI compared with passive hold.
- Selective yield improvement: If you need higher near-term cashflow, be selective — consider larger houses that can attract higher rents (families) or look for underpriced stock where adding bedrooms or separate living spaces materially improves rent.
- Hedged entry and patience: Given the 51-year affordability signal, structure purchases with conservative serviceability buffers and allow a longer timeframe for capital growth to materialise.
- Comparative shortlist: Use Fawkner as a shortlisted market in a relative comparison set (e.g., neighbouring suburbs in the Moreland area). HTAG’s relative scoring will help identify where similar supply/demand imbalances meet stronger affordability or socio-economic tailwinds.
Is Fawkner VIC 3060 a good suburb to invest in?
Fawkner VIC 3060 is a credible option for investors prioritising capital growth backed by tight supply and a strong selling market. The rental market is robust (vacancy <1%), so rental income is reliable, but gross yields are modest (3.6%) and the suburb’s affordability index at ~51 years is a material constraint. In short: it suits buyers with a medium-to-long investment horizon and tolerance for lower immediate yields; it is less attractive for investors seeking high cash returns or short-term turnover. Shortlist Fawkner for deeper relative analysis against neighbouring suburbs if your strategy relies on either rental yield or faster capital appreciation.
About HtAG Analytics Data
Base metrics reported (selection — there are more in the full dataset): Typical Price, Median Rent (pw), Sales, Rentals, % Change over set periods, Gross Yield, Capital Growth (CG) and CG Low/High, Total RoI (Yield + CG), Rent Increase (projected p.a.), Volatility Index, Confidence, Relative Composite Score. Supply metrics include Stock on Market (SoM%) and Inventory (months), Building Approvals & BA Ratio, Hold Period. Demand metrics include Days on Market, Discounting, Vacancy Rate, Buy & Rent Search Index and Auction Clearance Rates. Thresholds are used to interpret each metric (for example: SoM% <0.4% = low supply; Inventory <2.1 months = low supply; Vacancy <1% = high rental demand), and the dashboard provides these contextual cut-offs.
HtAG’s methodology focuses on capturing both current market conditions and historical trends to enable relative market analysis tailored to the point of purchase. In the context of a suburb like Fawkner VIC 3060, our metrics are designed to reflect short-term transactional signals (days on market, clearance rates, SoM) alongside longer‑run measures (hold periods, affordability) so users can see where immediate market momentum and structural conditions converge. Unlike providers that primarily repurpose public feeds for broad commentary, HTAG constructs metrics specifically for comparing and shortlisting suburbs at the granular level where buyers and agents transact.
Finally, the snapshot above highlights current value metrics for Fawkner but does not substitute for trend analysis. Metric trajectories (rate of change in affordability, vacancy shifts, or evolving supply approvals) can materially alter the investment case. Some metrics carry greater weight depending on investor objectives — for example yield-centric strategies will prioritise rental and vacancy measures, whereas growth investors emphasise supply constraints and clearance dynamics. HTAG excels at shortlisting suburbs to match individual budgets, borrowing capacity and timeframes rather than offering one-size-fits-all recommendations; for serious investors and buyer’s agents, run a relative analysis across your target set to align market selection with your strategy.
Updated: 1 May 2026
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Quick Area Stats
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Market Trends
Essential metrics effectively streamline the process of identifying markets that match your financial situation and investment objectives. Typical Price, Indicative Yield and Total ROI provide a swift means to shortlist areas that resonate with what you’re seeking and can afford. These metrics also serve as valuable general trend indicators, allowing you to visualise transaction volumes and dynamics of change.
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The Growth Rate Cycle (GRC) is a metric used to analyse the year-on-year change in property values, providing insights into the growth cycle of a particular area. It uses the “typical price” metric to gauge property values more accurately than median prices, and includes both actual and projected data for the current year.
Fundamental metrics play a vital role in providing a comprehensive analysis of the socio-economic environment within a specific suburb or region. Additionally, the Return on Investment (ROI) and Volatility Index are crucial metrics that aid in evaluating the prospective profitability and the level of risk or stability in the market.
Socio-economics
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IRSAD
Renter to Owner
Units to Houses
Projections
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Projected Annual ROI
Volatility Index
Quick Area Stats
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Annual Sales Volume
Annual Rentals Volume
Stock on Market
Building Approvals
Inventory
Hold Period
Supply metrics are crucial in gauging both the existing volumes of real estate listed for sale and the properties anticipated to enter the market soon. A diminished supply could signal opportunities for price appreciation, particularly when there’s corresponding buyer demand to buoy the market. The Stock on Market and Inventory level metrics (current values) are presented as a 3-month rolling average of monthly data shown in the charts. This means the last 3 months of data are averaged. The BA Ratio represents the proportion of building approvals over the latest 12 months relative to the total dwellings in the area.
Days on Market
Search Index
Vacancy Rate
Clearance Rate
Demand metrics underscore the level of interest that potential property buyers or tenants have in a specific suburb or locality. When demand outstrips the available supply, or if the supply fails to meet the intensity of buyer/renter interest, there’s a potential for prices to climb, underscoring the pivotal relationship between demand dynamics and property value trends. The Days on Market and Clearance Rate metrics (current values) are presented as a 3-month rolling average of monthly data shown in the charts. This means the last 3 months of data are averaged.
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The total adult population (15 years or older) of Fawkner 3060 VIC is 11,247, with a median age of 35. Of those, 47.43% are married, 9.34% are divorced or separated, 36.07% are single and 7.15% are widowed.
The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $6,708. The median monthly mortgage repayment for households in this suburb is $1,876 which is 27.97% of their earnings.
Source: ABS Census Data (2021)