Sawmill Settlement, VIC 3723

The median house price in Sawmill Settlement, VIC 3723 is $358k as of June 2026, based on a very small number of recent sales. 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.

The median weekly house rent in Sawmill Settlement is $414 as of June 2026, drawn from a very small number of recent leases. House rents have moved +50.0% year-on-year. Current vacancy pressure is shown in the supply section above.

A 3 bedroom house in Sawmill Settlement rents for a median $414 per week as of June 2026, drawn from a very small number of recent leases. Across other house sizes: 4-bedroom $414/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.

Gross rental yield in Sawmill Settlement is 3.21% for houses as of June 2026, compared with the VIC unit median of 4.66%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.

Sawmill Settlement's property market trends to June 2026: house prices rose +50.0% year-on-year; weekly house rents moved +50.0%; homes now sell in a median 61 days — faster than a year ago by 58; sales supply sits at 1.1 months (severe). Read together — price, rent, selling speed and supply — they show which way the Sawmill Settlement market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.

As of June 2026 in Sawmill Settlement, house prices rose +50.0% over the year, gross rental yield is 3.21% against a VIC median of 2.70%, houses take a median 61 days to sell, sales supply is 1.1 months (severe). 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.

Houses in Sawmill Settlement sell in a median 61 days on market as of June 2026. Days on market have tightened by 58 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.

Sawmill Settlement's sales market sits at 1.1 months of supply for houses as of June 2026 — classified as Severe (extreme shortage) against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose. The rental side is looser at 1.4 months of supply.

House prices in Sawmill Settlement 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.

Sawmill Settlement's house rental market sits at 1.4 months of supply as of June 2026 — classified as Tight, with 3 houses leased over the past 12 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.

Sawmill Settlement's median house price ($358k) is 45% below the VIC median ($646k) as of June 2026. On selling speed, houses clear in 61 days vs 19 days state median. On gross yield, Sawmill Settlement sits at 3.21% vs 2.70% state median.

The most-transacted segment in Sawmill Settlement over the 12 months to June 2026 is 3 bed houses with 7 sales. 4 bed houses come second at 7 sales. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.

Sawmill Settlement recorded 7 house sales and 0 unit sales over the 12 months to June 2026 — a combined 7 transactions. On the rental side, 3 houses and 0 units were leased. Segments with statistically thin samples are excluded from displayed figures.

Sawmill Settlement is in postcode 3723, in the North East region of VIC. Addresses there are written as Sawmill Settlement, VIC 3723.

Sawmill Settlement, VIC 3723 is home to 72 residents (ABS Census 2021). The median resident age is 32, and the average household holds 1.4 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.

The median household in Sawmill Settlement earns $1k per week — roughly $65k a year (ABS Census 2021). Median personal income runs $600/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.

The unemployment rate in Sawmill Settlement 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.

Sawmill Settlement 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.

Sawmill Settlement has 1 school within reach — including Merrijig Primary School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).

Sawmill Settlement, VIC 3723 has a population of 72, a median age of 32, a median household income around $1k/week, 50% of households renting (ABS Census 2021). There is 1 school 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.

This Sawmill Settlement 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.