Real Estate Omeo Vic 3898

Real Estate Market: Is Omeo VIC 3898 a Good Suburb to Buy Into?

Housing Market in Omeo

Key Omeo Metrics & Forecast to 2028

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Latrobe	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$237	Bottom 2%	34% to Nov 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Omeo

Omeo Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings, PLANNING ALERTS and Microburbs, 2002 - 2023

Omeo

50.3%

Latrobe

33.6%

Compare
Suburbs

Field	Value	VS Latrobe	Trend
Development applications	0	Bottom 38%	Data for Jun 2025
Developments	3.9	Top 35%	Data for Jul 2023
Housing Stock Quality Indicator
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Number of Subdivisions	4 lots	Bottom 48%	100% to Mar 2023
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	4	Top 26%	33% to Nov 2025

Housing Stock Quality in Omeo

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Latrobe	Trend
Houses	100.0%	Top 31%	5% to Jan 2021
Average bedrooms - all homes	2.0	Bottom 15%	47% to Jan 2021
NBN connection: fibreoptic cable to node	0.0%	Bottom 37%	Data for Jun 2023

Development Restrictions in Omeo

Omeo Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN, ABS and Microburbs, 2011 - 2023

Omeo

22.6%

Latrobe

30.6%

Compare
Suburbs

Field	Value	VS Latrobe	Trend
Total area	300.0 sq km	Top 3%	Data for Jan 2021
Heritage overlay total area	3.3 sq km	Top 4%	Data for Jun 2023
Residential density	3880 sqm per resident	Top 29%	Data for Jan 2021

Risk in Omeo

Omeo Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Omeo

34.5

Latrobe

36.1

Compare
Suburbs

Field	Value	VS Latrobe	Trend
% Owner Occupied	94.7%	Top 39%	0 to May 2023
% Rentals	5.3%	Bottom 39%	3% to May 2023
Housing Affordability Index	29	Bottom 37%	Data for Jun 2023
Median monthly mortgage	$1,390	Bottom 23%	56% to May 2023
Rent Affordability Index (Houses)	77	Bottom 43%	Data for Jun 2023
Rent Affordability Index (Units)	73	Bottom 32%	Data for Jun 2023
Mortgage as a percent of income	22.7%	Top 47%	1% to Jan 2021
Mortgaged Dwellings	28.9%	Bottom 22%	19% to May 2023

Housing Demand in Omeo

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 2006 - 2030

Omeo

48.4%

Latrobe

55.8%

Compare
Suburbs

Field	Value	VS Latrobe	Trend
Net internal migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	9650	Bottom 37%	16% to Dec 2036
Historical Population (SA3)	49300	Bottom 33%	26% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	51000	Top 26%	31% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium

Unit Market in Omeo

Omeo Unit Investor Report

Sample Graphic

Sources: Property Listings and Microburbs, 2002 - 2023

	Field	Value	VS Latrobe	Trend
	Smart median sale price: All units	Premium	Premium	Premium
	Unit to house ratio	46.8%	Bottom 17%	49% to Nov 2025

Accommodation Options (8)

Headline	Place	Datetime
Colonial Motel Omeo	159 Day Ave
Golden Age Motel	Great Alpine Rd
Snug as a Bug Motel Omeo	188 Great Alpine Road crn
Omeo Motel	43 Park St

Planning Applications: Dwellings (5)

Headline	Place	Date
Buildings and Works to a Section 2 use (Replacement Dwelling) - East Gippsland Shire Council 135/2023/P	322 Omeo Valley Road Omeo, VIC	03 May 2023
Buildings and works for a dwelling within specified setbacks and within a Bushfire Management Overlays and alteration of Access to a Transport Zone 2 - East Gippsland Shire Council 391/2022/P/A	1097A Great Alpine Road Omeo, VIC	08 Mar 2023
Use and development of grazing animal production (alpacas) with associated primary produce sales and ancillary food and drink premises, a single dwelling and construction and display of business identification signage - East Gippsland Shire Council 163/2021/P/A	1383 Great Alpine Road Omeo, VIC	01 Sep 2022
Buildings and works for a dwelling in the FZ1 and BMO and alteration of Access to a Transport Zone 2 - East Gippsland Shire Council 391/2022/P	1097A Great Alpine Road Omeo, VIC	31 Aug 2022
Use and Development of a dwelling and creation of access to a road zone, category 1 - East Gippsland Shire Council 342/2020/P	263 Day Avenue Omeo, VIC	29 Aug 2020

Planning Applications: Other (15)

Headline	Place	Date
Building and works in the form of additions to an existing Police Station - East Gippsland Shire Council 115/2022/P/A	15 Tongio Road Omeo, VIC	13 Dec 2022
App.Online - Transfer of licence to Company - Victorian Gambling and Casino Control Commission 13386A11	189 Day Avenue, Omeo 3898, VIC	22 Aug 2022
Use and Development of Group Accommodation - East Gippsland Shire Council 174/2022/P	112 Day Avenue Omeo, VIC	06 Apr 2022
Restaurant and cafe Licence for a Company - Victorian Commission for Gambling and Liquor Regulation 71200A01	199 Day Av, Omeo 3898, VIC	22 Mar 2022
Restaurant and cafe Licence for a Partnership - Victorian Commission for Gambling and Liquor Regulation 71025A01	174 Day Av, Omeo 3898, VIC	09 Feb 2022

Median House Rental Prices by Street (1)

Level_0	Street	Date	Median rent (per week)
30653	Day Ave	21 Nov 2025	$236

Median House Sale Prices by Street (4)

Street	Date	Median sale value
Bilton St	28 Nov 2025	$718,600
Day Ave	28 Nov 2025	$403,600
Omeo Valley Rd	28 Nov 2025	$659,500
Sebastopol Hill Rd	28 Nov 2025	$261,200

Median Unit Sale Prices by Street (3)

Date	Median sale value	Street
28 Nov 2025	$185,400	Day Ave
28 Nov 2025	$109,300	Great Alpine Rd
28 Nov 2025	$290,700	Sebastopol Hill Rd

Turnover Rate by Street (50)

Turnover rate	Street	Turnover Label	Turnover Years	Year
122.2%	Great Alpine Rd	very high turnover	Every 8.2 years (very high turnover)	2025
72.7%	Bilton St	average turnover	Every 13.8 years (average turnover)	2025
200.0%	Short St	very high turnover	Every 5.0 years (very high turnover)	2025
86.7%	High Forest Rd	high turnover	Every 11.5 years (high turnover)	2025
114.3%	Cooper St	very high turnover	Every 8.8 years (very high turnover)	2025

Percent of Renters by Street (55)

Percent of Renters	Street
0.0%	Bilton St
0.0%	Bazeley St
0.0%	Bald Hills Creek Rd
0.0%	Bingo Connection Rd
0.0%	Bingo-Tice Rd

LGA Details (1)

Headline	Place	Datetime
Local government area	East Gippsland

Businesses (1)

Name	Address
Omeo Rural & Hardware Supplies	164 Day Ave, Omeo VIC 3898, Australia

Recently Sold Houses (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
143 Day Ave	Price Withheld	4.0	2.0	2.0	24 Nov 2025	On Market
235 Day Ave	Price Withheld	4.0	1.0	4.0	11 Aug 2025	On Market
175 Kangaroo Track	Price Withheld				09 Aug 2025	On Market
175 Kangaroo Track	Price Withheld				07 Aug 2025	On Market
18 Brumley St	$550,000	4.0	2.0	2.0	17 Apr 2025	On Market

Recent Rental House Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
4 Sebastopol Hill Rd	$350	4	2	2	08 Sep 2025
4 Sebastopol Hill Rd	$350	4	2	2	08 Sep 2025
4 Sebastopol Hill Rd	$350	4	2	2	08 Sep 2025
4 Sebastopol Hill Rd	$350	4	2	2	08 Sep 2025
4 Sebastopol Hill Rd	$350	4	2	2	08 Sep 2025

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
40 Connleys Rd	$550	4.0	3.0	4.0	30 Oct 2023
40 Connleys Rd	$550	4.0	3.0	4.0	30 Oct 2023
40 Connleys Rd	$550	4.0	3.0	4.0	30 Oct 2023
40 Connleys Rd	$550	4.0	3.0	4.0	30 Oct 2023
40 Connleys Rd	$550	4.0	3.0	4.0	30 Oct 2023

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
135 Day Ave	Price Withheld	1.0	1.0	4.0	16 Oct 2025	On Market
135 Day Ave	Price Withheld	1.0	1.0	4.0	16 Oct 2025	On Market
135 Day Ave	Price Withheld	1.0	1.0	4.0	16 Oct 2025	On Market
135 Day Ave	Price Withheld	1.0	1.0	4.0	16 Oct 2025	On Market
135 Day Ave	Price Withheld	1.0	1.0	4.0	16 Oct 2025	On Market

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