Allambee Reserve, VIC 3871
Allambee Reserve, VIC 3871 — a quiet year
Activity in Allambee Reserve, VIC 3871 was very light over the last 12 months: one house sold.
For a fuller picture of Allambee Reserve, the resident profile below is drawn from the most recent Census.
Who lives hereA largely mortgage-free, family-oriented suburb.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Allambee Reserve demographics & population
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing and Socio-Economic Indexes for Areas (SEIFA) 2021 · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Unlock the full report
Detailed, institutional-grade analysis — well beyond the usual suburb snapshot.
InsideWho lives here · What homes cost to buy & rent · How fast homes are selling · How much is for sale or rent · How it compares to nearby suburbs · Schools nearby
This report
- The complete Allambee Reserve report
- 30 days of live access
- Download as a PDF
- Months of supply needs the add-on
Full access
- Unlimited suburb reports
- Near real-time + 5-year data
- 50+ dual-metric map views
- Demand cycle + market velocity
Already a member? Sign in
Who lives in Allambee Reserve?
The age structure, household make-up, and cultural fabric of the people who call this suburb home.
Share of all residents by 5-year band · hover a band for the count + split
A strongly multicultural community with deep migrant heritage.
2020–21 understated — COVID border closures.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Housing & affordability in Allambee Reserve
What it costs to live here, who owns versus rents, and the shape of the housing stock.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Income & employment in Allambee Reserve
Incomes, employment, and the occupation mix of the people who live here.
A typical household pulls in about 1.9× the typical individual — a multi-earner area.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Getting around Allambee Reserve
How people get to work, and how car-dependent the suburb is — the clearest tell of inner-urban versus outer-suburban living.
Census data sourced from the Australian Bureau of Statistics — © Commonwealth of Australia, 2021 Census of Population and Housing · Shares, ratios and percentiles shown are Micromarkets transformations of that data · licensed CC BY 4.0.
Education · ACARA My School 2025
Schools in and around Allambee Reserve
No school inside Allambee Reserve itself — the closest options around it are shown. Distances are straight-line from the suburb centre and are not enrolment catchments — always confirm zones with the school.
ICSEA is ACARA’s official measure of a school’s socio-educational advantage — based mainly on parents’ education and occupation, plus the school’s location and student mix.
- No schools within 5 km — widen the radius.
Why are some State Rank and star ratings blank? Schools can choose not to publish their results. In practice, schools that score well above their state average almost always publish theirs — so a blank rating more often reflects a school opting out than a top result being hidden. Academic results also tend to rise with ICSEA Rank, so higher-ICSEA schools more often carry a strong State Rank as well.
School profile and ICSEA data sourced from ACARA — © Australian Curriculum, Assessment and Reporting Authority (data year 2025) · State Rank & star columns are Micromarkets-compiled academic ratings from publicly available school results · Distances are straight-line from the suburb centre, not catchments.
Turnover
How settled or transient the community is — and where newcomers came from.
Allambee Reserve median house price & rent
Headline price, rent, yield and time on market for Allambee Reserve — choose a property type and size below.
House & unit prices by bedroom
Every segment this suburb tracks — sales and rentals side by side, ranked by total activity over the last twelve months.
Allambee Reserve property growth
Where each segment sits against its peers in the chosen geography — past the midline means it's outperforming the rest.
Market demandHow fast this market is moving — a velocity index built from trailing-year transaction volume and median days on market. Strong volume lifts the score; days on market drags it down, with the drag growing sharply once listings start lingering. Ranked against peers in the chosen geography.
Houses
Units
Buying vs renting in Allambee Reserve
What it costs each week to own a property versus renting the same one — positive means buying carries the premium, negative means rent covers the mortgage.
How strong is demand, and which way is it heading?
Two questions on one chart — how strong demand is right now, and which way it's heading year-on-year.
Sales market velocity
Allambee Reserve against the neighbourhood
Eight diagnostic views cutting the data a different way each time — Allambee Reserve in blue, peers in colour.
How fast — and is it getting faster?
Housing supply & months of stock
How long current listings would take to clear at the recent rate of sales or leases. Critical shortage and Oversupply only fire at the genuine tails of the national distribution — sales tip in under 0.7 months, rentals far faster, under 0.3.
Sales market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | SoldSold (last year)Total sold transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are sold each month in this segment, over the last 12 months. |
|---|
Rental market
| Segment | Band | Months of supply left | YoYYoY change12-month change in months of supply. Down means stock is tightening (fewer months than a year ago); up means stock is loosening. | ListedListedActive listings in this segment right now, derived from months of supply multiplied by the recent transaction rate. | LeasedLeased (last year)Total leased transactions completed in this segment over the last 12 months. | Per monthPer monthAverage monthly absorption — how many properties are leased each month in this segment, over the last 12 months. |
|---|
Who's transacting — buyers or tenants?
Out of every property transaction in this suburb, what share are sales versus leases — each point a rolling twelve-month window.
Allambee Reserve — Units & Houses, all bedrooms
Allambee Reserve median house price & rent history
Each tape traces one metric across sixty months for the selected segment — every point a trailing twelve-month figure, matching the headline KPIs above.
Five-year summaryAs of Jun 2026, the median house sale price in Allambee Reserve rose from $324k (Jul 2021) to $368k (Jun 2026) — +13.6% growth over five years — peaking at $1.35M between Apr 2024 and Mar 2025.
Suburbs near Allambee Reserve: prices compared
The nearest suburbs to Allambee Reserve, ranked by distance — each lined up against Allambee Reserve on the same measures, so the differences jump out at a glance.
Frequently asked · Allambee Reserve
17 data-driven answers about Allambee Reserve's property market — every one computed from the metrics above.
What things cost
Prices, rent, yield, ownership costWhat is the median house price in Allambee Reserve?
#The median house price in Allambee Reserve, VIC 3871 is $310k as of June 2026. Houses there have moved +0.5% year-on-year. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.
How much is a 3 bedroom house in Allambee Reserve?
#As of June 2026, Allambee Reserve medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | — | $310k | — | $310k |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
How the market is moving
Speed, supply, growth, cycle phaseWhat are Allambee Reserve's property market trends?
#Allambee Reserve's property market trends to June 2026: house prices rose +0.5% year-on-year; sales supply sits at 5.5 months (very loose). Read together — price, rent, selling speed and supply — they show which way the Allambee Reserve market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
What does the data say about Allambee Reserve as an investment?
#As of June 2026 in Allambee Reserve, house prices rose +0.5% over the year, sales supply is 5.5 months (very loose). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.
Is Allambee Reserve a tight or loose property market right now?
#Allambee Reserve's sales market sits at 5.5 months of supply for houses as of June 2026 — classified as Very Loose against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose.
Have property prices in Allambee Reserve gone up or down?
#House prices in Allambee Reserve moved +0.5% over the 12 months to June 2026. The 5-year tape above plots the full monthly trajectory — showing where the market changed character rather than just crossing round numbers.
How it compares
Vs state, vs nearby, vs popularHow does Allambee Reserve compare to other VIC suburbs?
#Allambee Reserve's median house price ($310k) is 50% below the VIC median ($614k) as of June 2026.
What's the most popular property type in Allambee Reserve?
#The most-transacted segment in Allambee Reserve over the 12 months to June 2026 is 3 bed houses with 1 sale. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.
How many properties were sold and leased in Allambee Reserve last year?
#Allambee Reserve recorded 1 house sale and 0 unit sales over the 12 months to June 2026 — a combined 1 transaction. Segments with statistically thin samples are excluded from displayed figures.
About the area
Population, income, who lives here, schoolsWhat postcode is Allambee Reserve in?
#Allambee Reserve is in postcode 3871, in the Gippsland region of VIC. Addresses there are written as Allambee Reserve, VIC 3871.
What is the population of Allambee Reserve?
#Allambee Reserve, VIC 3871 is home to 54 residents (ABS Census 2021). The median resident age is 30, and the average household holds 2.4 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
What is the median household income in Allambee Reserve?
#The median household in Allambee Reserve earns $971 per week — roughly $51k a year (ABS Census 2021). Median personal income runs $500/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
What is the unemployment rate in Allambee Reserve?
#The unemployment rate in Allambee Reserve is 50.0% (ABS Census 2021). The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.
Do people own or rent in Allambee Reserve?
#Allambee Reserve is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.
What schools are near Allambee Reserve?
#Allambee Reserve has 19 schools within reach — including Yarragon Primary School, Thorpdale Primary School, Ellinbank Primary School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Is Allambee Reserve a good place to live?
#Allambee Reserve, VIC 3871 has a population of 54, a median age of 30, a median household income around $971/week, 50% of households renting (ABS Census 2021). There are 19 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.
About this data
Methodology and update cadenceWhen was this Allambee Reserve market data last updated?
#This Allambee Reserve market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.