Alpine · 3698
Tawonga South, VIC
population +7.8% (5y), 7.2%/yr capital growth.
NextSuburb scoreTier D
27Below trend
Median house
$599k
5y growth
7.2%/yr
Gross yield
2.5%
Vacancy
2.4%
Thin market · ~1.0k residentsLow confidence
Thin marketSmall sample sizes (~8 sales/yr) can distort medians. Treat the score with caution and weight the eight-signal breakdown over the headline number.
Eight-signal breakdown
Each signal scored 0–100 against the national distribution. Bars reflect how this suburb sits across the index.
- Capital growth (5y)7.2%/yr72/100
- Population growth+7.8% (5y)78/100
- Supply tightening+5.0% YoY25/100
- Rental yield2.5%49/100
- Rental demand2.4% vacancy40/100
- Income growth+13.0% (5y)52/100
- Construction pipelineno nearby pipeline0/100
- Affordability60% under cap60/100
Why this score
Tawonga South scores 27/100 (Below trend). The two strongest signals: 7.8% population growth over five years and 7.2%/yr capital growth over five years. The standout watch-out: population of 1,012 makes the market illiquid.
Drivers
- Population growth+7.8% (5y)
- Capital growth7.2%/yr
- Budget headroom60% under cap
Risks
- Only 1,012 residents — illiquid, slow to sell
- Thin gross yield (2.5%)
Nearest infrastructure
Suburban Rail Loop East — Box Hill213.3 km away
Construction · $5.0bn · completion 2035
Construction-stage projects within 10 km lift the suburb’s infrastructure score; projects more than 25 km away barely move it.
Comparable suburbs
Three VIC suburbs in the same budget band with the closest NextSuburb scores.
See the full VIC ranking60-month score history
Backfilled — live history begins May 2026Watch this suburb
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