Get a property report and suburb profile for any property in Noble Park

Noble Park is a long-established suburb centred on a busy railway station and a compact commercial centre. It has a multicultural character shown in its cafes, takeaways and community groups, and mostly modest detached postwar homes with pockets of medium-density townhouses and units near main roads. Day-to-day living is practical, with accessible public transport, frequent bus links, local supermarkets, schools, sports reserves and the Dandenong Creek corridor for walking and cycling.

About 32,257 people live in Noble Park and the median age is 35, with families making up the bulk of households, especially couple families with children. Homes are more often owner-occupied than rented, though 41.7% are rented. The suburb is the focus of a government and council-led revitalisation program around the station and centre, including Ross Reserve upgrades, a station civic space, a five-storey social housing project announced near the station, rezoning of surplus rail land for mixed-use development, and a little library outside the station.

Across Noble Park, the median total household income recorded at the last Census was $1,382 a week. On those figures, a house rent of $580 a week would take about 42.0% of a typical local household's weekly income, a large share, while a unit rent of $480 a week would take about 34.7%, a sizeable share. Looking at buying, the median house price of $800,000 is about 11.1 times a typical local household's annual income at the last Census, and the median unit price of $593,750 is about 8.3 times, so both sit well above local annual incomes as recorded at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

The clearest movement over the past year is the rise in house values, which climbed 9.4% in Noble Park. Unit values also increased, up 7.4%. On the income side, house rents rose a solid 5.5% while unit rents edged up 4.3%.

For someone weighing Noble Park as an investment, these figures show that capital growth has outpaced rental growth over the last 12 months, and houses have been the stronger performer on both value and rent increases. Which of those outcomes matters more to you depends on whether you prioritise capital gain or rental income.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.