Diggers Rest, VIC 3427
Diggers Rest property market
Most of Diggers Rest's activity is house rentals, with 214 leases (down 2.3%) at $510 a week (down 2.9%) as of July 2026, renting out in about 27 days (up from 23 days last year), among the country's biggest house rent drops, with 4-bedroom and 3-bedroom about even at around 45% each.
House sales are close behind, with 194 sales (up 0.5%) at around $664k (up 2.2%), taking about 29 days to sell (up from 22 days last year), with 3-bedroom and 4-bedroom about even at around 45% each. Rounding it out, 5 unit rentals at $470 a week and 5 unit sales at around $554k.
Who lives hereAn above-average-income, mortgage-belt, family-oriented suburb — multicultural and newcomer-heavy.
House covers houses, duplexes, semi-detached and terraces; Unit covers apartments, units, townhouses and villas.
Diggers Rest 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 Diggers Rest?
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 Diggers Rest
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 Diggers Rest
Incomes, employment, and the occupation mix of the people who live here.
A typical household pulls in about 2.0× 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 Diggers Rest
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 Diggers Rest
1 school inside Diggers Rest, plus the closest options around it. Families can choose from 1 primary school in Diggers Rest and its surrounds — no high school sits within this radius. 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.
- Within Diggers Rest · 1Order by
- 1Diggers Rest Primary SchoolGovernment · Primary · Co-ed · Years Prep-6 · Within suburbState Rank—English—Maths—Students469Multilingual50%ICSEA Rank50th
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.
Diggers Rest median house price & rent
Headline price, rent, yield and time on market for Diggers Rest — 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.
Diggers Rest 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 Diggers Rest
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
Diggers Rest against the neighbourhood
Eight diagnostic views cutting the data a different way each time — Diggers Rest 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. |
|---|---|---|---|---|---|---|
| Severe shortage | 1.1 | ▼ -1.4 | 3 | 32 | 2.7 | |
| Balanced | 2.1 | ▼ -0.8 | 6 | 32 | 2.7 | |
| Balanced | 2.4 | ▲ +1.2 | 6 | 32 | 2.7 | |
| Balanced | 2.7 | ▲ +2.7 | 7 | 32 | 2.7 | |
| Loose | 5.5 | — | 15 | 32 | 2.7 | |
| Loose | 6.2 | ▲ +1.8 | 17 | 32 | 2.7 | |
| Oversupply | 7.3 | ▲ +5.6 | 19 | 32 | 2.7 |
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. |
|---|---|---|---|---|---|---|
| Loose | 1.2 | — | 5 | 46 | 3.8 | |
| Loose | 1.4 | ▼ -1.4 | 5 | 46 | 3.8 | |
| Loose | 1.8 | ▲ +0.1 | 7 | 46 | 3.8 | |
| Oversupply | 2.0 | ▲ +0.6 | 8 | 46 | 3.8 | |
| Oversupply | 2.3 | — | 9 | 46 | 3.8 |
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.
Diggers Rest — Units & Houses, all bedrooms
Diggers Rest 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 Diggers Rest rose from $360k (Jul 2021) to $593k (Jun 2026) — +64.5% growth over five years — peaking at $606k between Apr 2022 and Mar 2023. Median house rent went from $247/wk to $426/wk (+72.5%) over the same period. For units, median rent went from $202/wk to $423/wk (+109.4%) over the same period.
Suburbs near Diggers Rest: prices compared
The nearest suburbs to Diggers Rest, ranked by distance — each lined up against Diggers Rest on the same measures, so the differences jump out at a glance.
Suburbs like Diggers Rest
Suburbs anywhere in VIC that behave like Diggers Rest — 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.)
Diggers Rest vs Broadmeadows: the closest sales-market match trades at a median of $385k against Diggers Rest's $485k — about 21% lower, with homes selling in 18 days versus 22 days here.
Comparable sales markets to Diggers Rest: Broadmeadows average house price, Meadow Heights property growth, Kings Park property market, Dallas median house price and Harkness property market.
Diggers Rest's closest rental-market twins: Broadmeadows property prices, Harkness property market, Dallas property market, Kings Park property growth and Meadow Heights property growth. Each link opens that suburb's full market report.
Frequently asked · Diggers Rest
26 data-driven answers about Diggers Rest's property market — every one computed from the metrics above.
What things cost
Prices, rent, yield, ownership costWhat is the median house price in Diggers Rest?
#The median house price in Diggers Rest, VIC 3427 is $485k as of June 2026, based on 38 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 Diggers Rest?
#The median unit price in Diggers Rest, VIC 3427 is $485k as of June 2026, based on 38 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 Diggers Rest?
#The median weekly house rent in Diggers Rest is $343 as of June 2026, drawn from 29 leases over the past 12 months. Units rent for around $343 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 Diggers Rest?
#A 3 bedroom house in Diggers Rest rents for a median $343 per week as of June 2026, drawn from 29 leases over the past 12 months. Across other house sizes: 2-bedroom $343/week, 4-bedroom $343/week. Unit rents: 3-bedroom $343/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 Diggers Rest?
#Gross rental yield in Diggers Rest is 3.36% for houses and 3.36% for units as of June 2026, compared with the VIC unit median of 3.97%. 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 Diggers Rest?
#As of June 2026, Diggers Rest medians by bedroom count:
| Property | 1 bed | 2 bed | 3 bed | 4 bed | Total |
|---|---|---|---|---|---|
| Houses | — | $485k | $485k | $485k | $485k |
| Units | — | $485k | $485k | — | $485k |
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 Diggers Rest median?
#At the median Diggers Rest house ($485k purchase, $343/week rent), weekly mortgage repayments sit at roughly $513 — about $170 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 Diggers Rest's property market trends?
#Diggers Rest'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 22 days — slower than a year ago by 2; sales supply sits at 7.3 months (saturated). Read together — price, rent, selling speed and supply — they show which way the Diggers Rest market is leaning. The 5-year tape and demand cycle charts above plot the full trajectory.
What does the data say about Diggers Rest as an investment?
#As of June 2026 in Diggers Rest, house prices rose +50.0% over the year, gross rental yield is 3.36% against a VIC median of 2.40%, houses take a median 22 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 Diggers Rest?
#Houses in Diggers Rest sell in a median 22 days on market as of June 2026, with units clearing slightly similarly at 22 days. Days on market have lengthened by 2 days versus a year ago. Faster clearance typically coincides with stronger buyer demand and lower supply.
Is Diggers Rest a tight or loose property market right now?
#Diggers Rest'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 Diggers Rest gone up or down?
#House prices in Diggers Rest 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 Diggers Rest?
#Diggers Rest's house rental market sits at 1.8 months of supply as of June 2026 — classified as Balanced, with 46 houses leased over the past 12 months. Units sit at 1.2 months. Tighter supply typically corresponds to faster letting and upward pressure on rents.
Where is Diggers Rest in its property market cycle?
#Diggers Rest's house market is currently in the 'in_demand_easing' phase as of June 2026 — combining above-median sales velocity nationally with year-on-year loosening 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 Diggers Rest compare to other VIC suburbs?
#Diggers Rest's median house price ($485k) is 20% below the VIC median ($607k) as of June 2026. On selling speed, houses clear in 22 days vs 24 days state median. On gross yield, Diggers Rest sits at 3.36% vs 2.40% state median.
How does Diggers Rest compare to neighbouring suburbs?
#Diggers Rest's most-similar nearby market is Broadmeadows (14.4 km away) with a median house price of $385k — about 21% cheaper. 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 Diggers Rest?
#The most-transacted segment in Diggers Rest over the 12 months to June 2026 is 2 bed houses with 32 sales. 3 bed houses come second at 32 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 Diggers Rest last year?
#Diggers Rest recorded 32 house sales and 32 unit sales over the 12 months to June 2026 — a combined 64 transactions. On the rental side, 46 houses and 46 units were leased. Segments with statistically thin samples are excluded from displayed figures.
About the area
Population, income, who lives here, schoolsWhat postcode is Diggers Rest in?
#Diggers Rest is in postcode 3427, in the North West Melbourne region of VIC. Addresses there are written as Diggers Rest, VIC 3427.
What is the population of Diggers Rest?
#Diggers Rest, VIC 3427 is home to 3,466 residents (ABS Census 2021). The median resident age is 22, and the average household holds 1.7 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.
What is the median household income in Diggers Rest?
#The median household in Diggers Rest earns $1k per week — roughly $77k a year (ABS Census 2021). Median personal income runs $753/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.
What is the unemployment rate in Diggers Rest?
#The unemployment rate in Diggers Rest 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 Diggers Rest?
#Diggers Rest 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 Diggers Rest?
#Diggers Rest has 119 schools within reach, 1 of them inside the suburb itself — including Diggers Rest Primary School. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).
Is Diggers Rest a good place to live?
#Diggers Rest, VIC 3427 has a population of 3,466, a median age of 22, a median household income around $1k/week, 50% of households renting (ABS Census 2021). There are 119 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 Diggers Rest market data last updated?
#This Diggers Rest 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.