Baw Baw Shire Council
Allambee Reserve
Allambee Reserve at a glance
Median house
$305,000
Median unit
$219,600
Walk score
0
Very car dependent
Population
96
Median age 44
About
Welcome to Allambee Reserve.
Allambee Reserve (3871) sits in the Baw Baw region of Victoria. The median house here is $305,000, well below the Victoria median of around $850K.
Allambee Reserve has roughly 96 residents, with an established, older skew. Households are predominantly owner-occupied. Daily life is car-dependent: most residents drive to work, school and the shops.
Houses change hands at $305,000 on a typical sale, well below the Victoria median. Units come in around $219,600, roughly 28% below the house median.
For buyers
A 20% deposit on the median house works out to roughly $61,000. Prices are well below the Victoria median, which keeps Allambee Reserve on the radar for first-home buyers and right-sizers.
Market
The price of a home here.
Median house price
$305,000
+0.0% over the past year. Median unit price $219,600.
Rental and ownership
Weekly rent (house)
$258/wk
Weekly rent (unit)
$100/wk
Owner occupied
93%
Renter occupied
–
At a deeper level
$305,000
$219,600
96
Median age: 44
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For investors
Investment overview.
Gross rental yield on houses sits at 4.40% (median rent $258/wk against a $305,000 price tag). Units yield 2.37% gross, often the better cash-flow play for first-time investors.
Gross Yield (House)
Source: RTBA, Residential Tenancies Bond Authority (VIC)4.40%
Based on $305,000 median
Gross Yield (Unit)
Source: RTBA, Residential Tenancies Bond Authority (VIC)2.37%
Based on $219,600 median
Annual Growth (House)
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Year-on-year capital growth
Annual Growth (Unit)
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202693%
Higher = more owner-occupier demand
Days on Market
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Who lives here
Demographics.
The 2021 Census put Allambee Reserve's population at 96, with a median age of 44. That sits as an established, older skew. Households are predominantly owner-occupied (93% own, 0% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (82% family households, 11% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
96
Median age
44
Family households
82%
Lone person
11%
Demographics data as of May 2026· ABS 2021 Census
Day to day
What it’s like to live here.
Allambee Reserve scores 0/100 on walkability, which makes it car-dependent with limited public transport. Plan for two cars in a typical household, especially if work isn't local.
Schooling within or near the suburb covers 12 government primary, 3 government secondary, 3 Catholic, 1 independent.
Safety
Crime and safety.
6
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
0
0
0
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Allambee Reserve.
Local schools for Allambee Reserve
View the catchment for each school to find out more.
Government School Catchment
Yarragon Primary School
Thorpdale Primary School
Ellinbank Primary School
© ACARA, licensed under CC BY 4.0.
Frequently asked
About Allambee Reserve.
- What is the median house price in Allambee Reserve?
- The median house price in Allambee Reserve, VIC 3871 is $305,000. The median unit price is $219,600. Annual growth is +0.0%.
- What is the Allambee Reserve postcode?
- Allambee Reserve is in the 3871 postcode, in VIC, in the Baw Baw Shire Council region.
- What is the average rent in Allambee Reserve?
- The median weekly rent for houses is $258, for units it's $100.
- What schools are in Allambee Reserve?
- There are 20 schools serving Allambee Reserve on this page, including Yarragon Primary School, Thorpdale Primary School, Ellinbank Primary School.
- How walkable is Allambee Reserve?
- Allambee Reserve has a Walk Score of 0 out of 100, highly car-dependent. transit score 0, bike score 0.
- What suburbs are near Allambee Reserve?
- Allambee Reserve is close to Allambee, Childers, Cloverlea, Allambee South, Trida.
- What is the population of Allambee Reserve?
- Allambee Reserve has approximately 96 residents. The median age is 44.
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For Rent
Allambee Reserve
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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