Lucknow, VIC 3875
Lucknow property market
Lucknow is almost all houses — rentals come first, with 88 leases (sharply up 35.4%) at $545 a week (down 1.8%) as of July 2026, renting out in about 34 days (up a lot from 24 days last year), among the country's biggest house rent drops, with 4-bedroom dominating at around two-thirds.
House sales are the next-biggest market, with 53 sales at around $559k, taking about 43 days to sell (down a lot from 63 days last year), with more than half being 3-bedroom. Rounding it out, 5 unit rentals at $407 a week.
Who lives hereA below-average-income, mostly owner-occupied, older-leaning suburb.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Lucknow 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.
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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
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Who lives in Lucknow?
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 Lucknow
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 Lucknow
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 Lucknow
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 Lucknow
No school inside Lucknow 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.
Lucknow median house price & rent
Headline price, rent, yield and time on market for Lucknow — 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.
Lucknow 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 Lucknow
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
Lucknow against the neighbourhood
Eight diagnostic views cutting the data a different way each time — Lucknow 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. |
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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. |
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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.
Lucknow — Units & Houses, all bedrooms
Lucknow 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 Lucknow rose from $255k (Jul 2021) to $447k (Jun 2026) — +75.1% growth over five years — peaking at $508k between May 2024 and Apr 2025. Median house rent went from $239/wk to $371/wk (+55.2%) over the same period. For units, median rent went from $179/wk to $273/wk (+52.5%) over the same period.
Suburbs near Lucknow: prices compared
The nearest suburbs to Lucknow, ranked by distance — each lined up against Lucknow on the same measures, so the differences jump out at a glance.
Suburbs like Lucknow
Suburbs anywhere in VIC that behave like Lucknow — matched on price, growth, selling speed and demand, not on distance. A shortlist of markets that move the same way — including ones far away you'd never think to compare. (Want the suburbs right next door instead? See Nearby markets above.)
Lucknow vs Sale: the closest sales-market match trades at a median of $444k against Lucknow's $403k — about 10% higher, with homes selling in 37 days versus 27 days here.
Comparable sales markets to Lucknow: Sale property growth, Allansford (VIC 3277), Pioneer Bay property growth, Dalyston property market and Mooroopna property market.
Lucknow's closest rental-market twins: Dalyston property market, Sale property growth and Mooroopna property growth. Each link opens that suburb's full market report.
Frequently asked · Lucknow
26 data-driven answers about Lucknow's property market — every one computed from the metrics above.
What things cost
Prices, rent, yield, ownership costWhat is the median house price in Lucknow?
#The median house price in Lucknow, VIC 3875 is $403k as of June 2026, based on 8 sales over the past 12 months. Houses there have moved +50.0% 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.
What is the median unit price in Lucknow?
#The median unit price in Lucknow, VIC 3875 is $403k as of June 2026, based on 8 sales over the past 12 months. Units currently trade at roughly 100% of the median house price.
How much does it cost to rent in Lucknow?
#The median weekly house rent in Lucknow is $406 as of June 2026, drawn from 13 leases over the past 12 months. Units rent for around $406 per week. House rents have moved +0.5% year-on-year. Current vacancy pressure is shown in the supply section above.
How much is rent for a 3 bedroom house in Lucknow?
#A 3 bedroom house in Lucknow rents for a median $406 per week as of June 2026, drawn from 13 leases over the past 12 months. Across other house sizes: 2-bedroom $406/week, 4-bedroom $406/week. Unit rents: 2-bedroom $406/week. Figures cover only segments with enough recent leases to be statistically meaningful; sparse segments are excluded. The segment breakdown covers rent, yield and days on market for every property type and bedroom count.
What is the gross rental yield in Lucknow?
#Gross rental yield in Lucknow is 4.59% for houses and 4.59% for units as of June 2026, compared with the VIC unit median of 2.80%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.
How much is a 3 bedroom house in Lucknow?
#As of June 2026, Lucknow medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | — | $403k | $403k | $403k |
| Units | — | $403k | — | — | $403k |
Figures cover only segments with enough recent transactions to be statistically meaningful; sparse segments are excluded.
What does it cost to own versus rent at the Lucknow median?
#At the median Lucknow house ($403k purchase, $406/week rent), weekly mortgage repayments sit at roughly $440 — about $34 more per week than renting. That gap is the ownership premium. Figures assume 80% LVR, a 6.0% interest rate and a 30-year principal-and-interest loan.
How the market is moving
Speed, supply, growth, cycle phaseWhat are Lucknow's property market trends?
#Lucknow's property market trends to June 2026: house prices rose +50.0% year-on-year; weekly house rents moved +0.5%; homes now sell in a median 27 days — faster than a year ago by 44; sales supply sits at 7.3 months (saturated). Read together — price, rent, selling speed and supply — they show which way the Lucknow market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
What does the data say about Lucknow as an investment?
#As of June 2026 in Lucknow, house prices rose +50.0% over the year, gross rental yield is 4.59% against a VIC median of 3.14%, houses take a median 27 days to sell, sales supply is 7.3 months (saturated). 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.
How quickly do houses sell in Lucknow?
#Houses in Lucknow sell in a median 27 days on market as of June 2026, with units clearing slightly similarly at 27 days. Days on market have tightened by 44 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.
Is Lucknow a tight or loose property market right now?
#Lucknow's sales market sits at 7.3 months of supply for houses as of June 2026 — classified as Saturated (extreme oversupply) against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is tighter still at 1.8 months of supply.
Have property prices in Lucknow gone up or down?
#House prices in Lucknow moved +50.0% 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 active is the rental market in Lucknow?
#Lucknow's house rental market sits at 1.8 months of supply as of June 2026 — classified as Balanced, with 23 houses leased over the past 12 months. Units sit at 1.3 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.
Where is Lucknow in its property market cycle?
#Lucknow's house market is currently in the 'softer_firming' phase as of June 2026 — combining above-median sales velocity nationally with year-on-year tightening in days on market. The demand cycle chart above plots all eight segments on the same demand-versus-direction axes.
How it compares
Vs state, vs nearby, vs popularHow does Lucknow compare to other VIC suburbs?
#Lucknow's median house price ($403k) is 30% below the VIC median ($575k) as of June 2026. On selling speed, houses clear in 27 days vs 23 days state median. On gross yield, Lucknow sits at 4.59% vs 3.14% state median.
How does Lucknow compare to neighbouring suburbs?
#Lucknow's most-similar nearby market is Sale (33.2 km away) with a median house price of $444k — about 10% pricier. The Nearby and Similar markets sections above rank every peer within radius and by composite similarity across price, days on market, yield, ownership cost and cycle phase.
What's the most popular property type in Lucknow?
#The most-transacted segment in Lucknow over the 12 months to June 2026 is 2 bed houses with 15 sales. 3 bed houses come second at 15 sales. 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 Lucknow last year?
#Lucknow recorded 15 house sales and 15 unit sales over the 12 months to June 2026 — a combined 30 transactions. On the rental side, 23 houses and 23 units were leased. Segments with statistically thin samples are excluded from displayed figures.
About the area
Population, income, who lives here, schoolsWhat postcode is Lucknow in?
#Lucknow is in postcode 3875, in the Gippsland region of VIC. Addresses there are written as Lucknow, VIC 3875.
What is the population of Lucknow?
#Lucknow, VIC 3875 is home to 1,005 residents (ABS Census 2021). The median resident age is 25, and the average household holds 2.0 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
What is the median household income in Lucknow?
#The median household in Lucknow earns $1k per week — roughly $53k a year (ABS Census 2021). Median personal income runs $519/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
What is the unemployment rate in Lucknow?
#The unemployment rate in Lucknow is 50.0% (ABS Census 2021). That sits right around the median for Australian suburbs. 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 Lucknow?
#Lucknow 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 Lucknow?
#Lucknow has 18 schools within reach — including Lucknow Primary School, Bairnsdale Primary School, Wild Cherry School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Is Lucknow a good place to live?
#Lucknow, VIC 3875 has a population of 1,005, a median age of 25, a median household income around $1k/week, 50% of households renting (ABS Census 2021). There are 18 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 Lucknow market data last updated?
#This Lucknow 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.