Suburb brief · Sheep Hills VIC 3392
The thesis below links every claim to maintained evidence. Open a line item to inspect the underlying record without leaving the brief.
6.7%
2.4%
$50/wk
Updated April 2026
Thesis
Sheep Hills VIC 3392 is summarised from maintained observations only. The call weighs market pressure, local profile, dwelling mix and risk without filling gaps from weaker substitutes.
Vacancy is 2.4%, inside the tight-rental threshold.
Vacancy rate · Updated April 2026Median household income is $1,875/wk.
Household income (median) · Updated April 2026Census median rent was $50/wk at the last Census.
Median rent (Census) · Updated April 20260 mapped local places sit within 1km.
Local places within 1km · Updated April 2026Gross yield is 6.7%, above the 4.0% income floor.
Gross yield · house · Updated April 2026Market snapshot
$346k
What this means: Use this as the local unit-price benchmark before judging an apartment or townhouse. Compare the exact property against recent nearby sales.
$271k
What this means: Use this as the local house-price benchmark. A property well above this needs a clear land, condition, school-zone or scarcity reason.
Recent news & DA activity
No recent news or DA activity in the monitoring window. The Scout rechecks the news feed nightly and the DA register on councils’ weekly publish.
Nearby pockets worth watching
Drill-down suburb report · 106 metrics across 3 research stages
The summary above gives the read first. Open a stage below only when you want the supporting numbers and how each signal is calculated.
VIC · 3392
Overall fit
Facts only
Market fit appears when enough price, rent and demand signals exist.
This report shows 106 maintained signals. Updated March 2026.
propautopilot · Sheep Hills · VIC · 3392
Generated 26 Apr 2026 · Not financial advice. General information only.
Compass
Your read on Sheep Hills
Sheep Hills has maintained local facts, but not enough price, rent and demand signals for an overall fit yet. 106 of 106 signals maintained.
Before you inspect
A first suburb-level screen for hazards, safety, and community signals that could change whether this area stays on your shortlist. Verify the exact address before making an offer.
4 checks
Stage 1 · Strategy
7 signals grouped into 1 profile plus 1 standalone card: 7 maintained.Numbers that set your price band, cash-flow expectations, and portfolio shape.
Stage 2 · Suburbs
84 signals grouped into 13 profiles plus 4 standalone cards: 84 maintained.The signals the Scout weighs when narrowing your shortlist.
Stage 3 · Property
15 signals grouped into 2 profiles: 15 maintained.The numbers that tell you which streets and property profiles fit your criteria.
Editorial brief
Sheep Hills VIC 3392 is summarised from maintained observations only. The call weighs market pressure, local profile, dwelling mix and risk without filling gaps from weaker substitutes.
The drill-down carries 106 populated metrics across 3 research stages, with thin or missing fields left explicit.
Last reviewed April 2026. Use this as the suburb screen, then confirm street, building and listing-specific facts before acting.
Other suburbs in 3392
Same-postcode suburbs often share buyer demand, rental context and local amenities, while school zones and council boundaries can still differ. Compare each brief before locking your shortlist.
Frequently asked
Sheep Hills is a suburb in VIC (postcode 3392).
The median house price in Sheep Hills VIC 3392 is $271k based on the most recent twelve-month sales record. Unit and apartment medians track separately and may sit materially below the house figure depending on the dwelling mix in the suburb.
Gross rental yield on houses in Sheep Hills VIC 3392 sits at 6.7% based on current rents against the prevailing median sale price. That is above the income-investor threshold most buyers use as a screening floor.
The vacancy rate in Sheep Hills VIC 3392 is 2.4% on the most recent observation. That sits inside the balanced range — neither tight nor oversupplied.
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$249
What this means: Use this to sense holding comfort and tenant depth. It still needs expenses, vacancy and lending costs before it becomes a cashflow view.
2.4%
BalancedWhat this means: Lower vacancy usually means tighter rental demand. Very low numbers can move quickly, so use this with rent trend and stock-on-market.
Livability