Flemington (postcode 3031) sits approximately four kilometres north-west of the Melbourne CBD, straddling the City of Melbourne and City of Moonee Valley local government areas. Its SEIFA IRSAD score of 1049 places it in decile 8 of 10 nationally and at the 77th percentile within Victoria, firmly in the advantaged band and 49 points above the national mean of 1000. That reading reflects a suburb with relatively strong household incomes and low economic disadvantage at the postcode level. Investors should read that signal carefully, because Flemington's internal housing mix is more varied than a single index score can convey.
ABS 2021 IRSAD release. Score 1049 (national mean = 1000).
A SEIFA score of 1049 is a genuine positive for PropertyRanker's economic_strength and entry_point_risk criteria. It signals that the surrounding population base is relatively resilient, which tends to support rental demand stability and reduces the probability of prolonged vacancy during soft market conditions. The score also feeds into the hazard_risk criterion, where higher socioeconomic areas correlate with lower rates of certain structural and environmental risk factors at the postcode level.
However, Flemington's internal composition deserves close attention. The suburb contains a large public housing estate, with public housing accounting for roughly 24 percent of total residences, alongside Victorian and Edwardian heritage cottages, 1960s and 1970s walk-up flats, and newer apartment buildings clustered around Racecourse Road and Pin Oak Crescent. A SEIFA reading is a postcode-level average. It cannot distinguish between a renovated terrace on a heritage streetscape and a walk-up flat adjacent to the public housing towers. Those two assets sit inside the same postcode frame but carry very different risk and yield profiles.
For strategy matching, Flemington's inner-city location and advantaged SEIFA band are most consistent with a Capital Growth or Balanced strategy, where gross-yield anchors sit around 3.5 to 5 percent. Investors targeting High Yield (around 6 percent) or Regional (around 7 percent) anchors would need to verify whether the specific asset class and location within the suburb can support those yields, because the postcode-level SEIFA signal alone does not confirm it.
Flemington VIC 3031 house prices reached a median of $1,140,000 as of May 2026, reflecting annual capital growth of 6.02% according to CoreLogic data published via yourinvestmentpropertymag.com.au, with 73 house sales recorded over the prior 12 months. propertyvalue.com.au reports an average vendor discount of -4.7% and average days on market of 31 days, while woodards.com.au notes days on market rose 15.2% year-on-year to 38 days and auction clearance rates fell 11.3%, pointing to a market that is softening at the margins despite continued price growth.
Days on market rose 15.2% year-on-year and auction clearance rates fell 11.3% (woodards.com.au), with vendor discounting at -4.7% (propertyvalue.com.au), placing two of three signals in softening territory despite a stable vacancy rate of 2.05%.
Sources: Flemington VIC 3031 Suburb Profile & Property Report (2026-08-08); Flemington VIC Property Market & House Prices (2026-09-01); Flemington House Prices & Property Trends (2026-09-01); Flemington VIC 3031 Property Market and House Prices 2026 (2026-07-01); Real Estate Appraisal Flemington VIC 3031 (2024-07-01) · Refreshed 27 Sep 2026
PropertyRanker scores any Australian property against 12 criteria across three pillars: Growth, Cashflow, and Risk. SEIFA is a primary signal for economic strength and a supporting one for entry-price risk. It also informs the crime side of hazard risk, though physical overlays like flood, bushfire and coastal exposure, and recorded crime data where available, take priority there. The decile of 8 shown above gives a listing in Flemington a stronger starting line on economic strength than the national median postcode, and a softer one on entry-price risk, since more advantaged postcodes usually carry higher entry prices.
On top of that, PropertyRanker chooses one of four strategies (Balanced, Growth, Yield, Regional) and applies a per-strategy yield anchor. The anchors are 3.5% for Growth, 5% for Balanced, 6% for Yield, and 7% for Regional. A postcode at this level of relative advantage tends to suit the Growth (3.5% anchor) and Balanced (5% anchor) strategies more readily than Yield (6%) or Regional (7%), because a higher entry price compresses the gross yield a listing can reach without a specific value-add.
Read the scoring guide for the full criteria list and how the verdict thresholds work.
The SEIFA reading establishes a favourable macro frame, but several property-level factors sit entirely outside what a postcode index can see. First, confirm the specific block's proximity to the public housing estate and any heritage or planning overlays that may restrict renovation or development potential. Flemington has multiple heritage overlays on record, and overlay status materially affects what an owner can do with a site. Second, assess the build era and construction type: 1960s and 1970s walk-up flats carry different strata and maintenance risk than freestanding Victorian-era cottages. Third, check current SQM vacancy data for the postcode, because inner-city unit supply can shift vacancy rates quickly. Fourth, review body corporate financials for any strata title property, as deferred maintenance in older walk-up blocks is a common hidden cost. Finally, price the specific listing against recent comparable sales in the same street or block rather than suburb-wide medians. Score the specific listing in PropertyRanker for a verdict that accounts for current SQM vacancy, body corporate health, flood and overlay status, and pricing against recent comparable sales.
Flemington's SEIFA IRSAD score of 1049 (decile 8, 77th percentile in Victoria) indicates an advantaged economic environment at the postcode level, which is a positive macro signal for rental demand stability and economic resilience. That said, the suburb contains a wide range of asset types, from heritage cottages to public housing-adjacent walk-up flats, and the investment case varies significantly depending on which part of the suburb and which asset class is being assessed. A strong postcode-level SEIFA reading does not by itself make any specific listing a sound investment. Score the individual property in PropertyRanker to see how it performs across all twelve criteria.
Flemington's inner-city location, approximately four kilometres from the Melbourne CBD, and its advantaged SEIFA band align most naturally with a Capital Growth strategy (gross-yield anchor around 3.5 percent) or a Balanced strategy (around 5 percent). Achieving the High Yield anchor of around 6 percent or the Regional anchor of around 7 percent would require a specific asset type and location within the suburb that can support those returns, and that cannot be confirmed from the postcode SEIFA reading alone. Investors targeting higher yield anchors should verify current asking rents and vacancy rates for the specific property type before drawing conclusions.
The most significant property-level risks in Flemington include the concentration of public housing (approximately 24 percent of residences), which can affect comparable sales values and rental demand in specific pockets of the suburb. Heritage and planning overlays apply to parts of the suburb and can restrict renovation or development options. Older walk-up flat stock from the 1960s and 1970s carries strata and maintenance risk that a postcode SEIFA score cannot capture. Investors should also check flood and Moonee Ponds Creek proximity for any property near the creek corridor, as overlay status is a property-level variable that sits outside the macro SEIFA frame.
A SEIFA decile 8 reading is a positive indicator for economic strength and tends to correlate with more stable rental demand at the postcode level, which is one reason PropertyRanker uses it as a primary signal for economic_strength and entry_point_risk. However, vacancy is also driven by local unit supply, seasonal demand, and the specific property type, none of which a SEIFA score can measure. Inner-city postcodes with significant apartment pipelines can see vacancy shift quickly regardless of the area's socioeconomic standing. Check current SQM vacancy data for postcode 3031 and score the specific listing in PropertyRanker for a live assessment.
PropertyRanker uses twelve scoring criteria, of which SEIFA IRSAD is a primary input for three: economic_strength, hazard_risk, and entry_point_risk. For Flemington, the SEIFA raw score of 1049 (decile 8, advantaged band) feeds those three macro-side criteria. The remaining nine criteria draw on property-level and market-level data including current SQM vacancy rates, body corporate health for strata titles, flood and planning overlay status, and pricing against recent comparable sales. Because SEIFA operates at the postcode level, it cannot see the specific street, build year, strata condition, or orientation of a listing; those factors are assessed when you score the individual property.
Paste a real address. Get a defensible verdict across 12 criteria in around three minutes.
Score a property free