Lucknow
With 45% of residents owning their homes outright, Lucknow has an unusually high rate of debt-free ownership for a suburb of 1,439 people in East Gippsland. Median house prices reached $592,000 in April-June 2024, up 151.9% from $235,000 in 2013, a compound annual growth rate of 6.8% over 14 years. The median age is 43, which is 3 years above the national figure, and at 93.5% separate houses, the suburb is almost entirely detached dwellings. Household income sits in the 35th percentile nationally, below average, yet mortgage stress is absent with mortgage-to-income at 22.1%.
Population
1,439
Median Age
43.0
Household IncomeiMedian weekly household income (ABS Census)
$1,361/wk
DAs (12 months)iDevelopment Applications lodged in the past year
4
Median House
$592K
Apr-Jun 2024
The $592,000 median house price (April-June 2024) represents a 151.9% increase from $235,000 in 2013, a 14-year compound annual growth rate of 6.8%. Prices are currently at their peak, having climbed from $470,000 in October-December 2023 in under two quarters. Monthly mortgage repayments average $1,300, and the mortgage-to-income ratio of 22.1% sits below the 30% stress threshold, making repayments manageable relative to income. The stock is 93.5% separate houses, so buyers face very limited apartment or semi-detached alternatives. Three-bedroom homes are most common at 47.2% and four-plus bedrooms make up 34.2%, indicating larger family-oriented dwellings rather than starter apartments.
For Buyers
The $592,000 median house price (April-June 2024) represents a 151.9% increase from $235,000 in 2013, a 14-year compound annual growth rate of 6.8%. Prices are currently at their peak, having climbed from $470,000 in October-December 2023 in under two quarters. Monthly mortgage repayments average $1,300, and the mortgage-to-income ratio of 22.1% sits below the 30% stress threshold, making repayments manageable relative to income. The stock is 93.5% separate houses, so buyers face very limited apartment or semi-detached alternatives. Three-bedroom homes are most common at 47.2% and four-plus bedrooms make up 34.2%, indicating larger family-oriented dwellings rather than starter apartments.
For Investors
Rental supply is thin: only 17.8% of dwellings are rented, well below the national average, and weekly rent is $290. Against the $592,000 median, that implies a gross yield around 2.5%, modest but typical for regional owner-occupier markets. The vacancy rate of 7.9% is elevated, suggesting the rental pool is not undersupplied, so rent growth may be limited. Development activity is low at 3 planning permits in the past 12 months, limiting near-term supply pressure. The long-run price record, up 6.8% per year compounded over 14 years, makes capital growth the stronger investment case than yield. The 22.1% turnover rate indicates a reasonably liquid market compared to more static rural areas.
Development Activity
Total DAs
16
Last 12 Months
4
YoY ChangeiYear-over-year change in DA lodgements
0.0%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Demographics
The median age of 43 is 3 years above the national figure, pointing to an aging, established-family profile. Overseas-born residents account for 10.6% of the population, which is 11 percentage points below the national average, reflecting a predominantly Australian-born community. Ancestry is strongly Anglo-Celtic: English leads with 600 residents, followed by Scottish (169) and Irish (135). University qualifications at 18.3% run 11.8 percentage points below the national rate, consistent with a regional trade and services workforce. The average household size is 2.4, fractionally below national. Couples with children (390) and couples without children (368) are the dominant family types, with no single-parent families recorded.
Age Distribution
Bedrooms
Dwelling Structure
93.5%
Houses
1.3%
Townhouse
3.2%
Apartment
Tenure
Tenure is strongly owner-occupier: 45% own outright and 37.3% carry a mortgage, leaving only 17.8% renting. The outright ownership rate of 45% is high for any suburb, reflecting older, longer-tenured residents who have paid off loans. Prices rose from a trough of $229,000 in 2014 to a peak of $592,000 in April-June 2024, a 159% climb, and are currently at their 14-quarter high. The mortgage-to-income ratio of 22.1% and rent-to-income ratio of 21.3% are both below the 30% stress threshold, meaning neither buyers nor renters face financial pressure relative to their incomes. Three-bedroom homes dominate at 47.2% and 4-plus bedroom at 34.2%, so the housing mix skews toward larger family homes rather than smaller dwellings.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$1,300
Rent / wk
$290
HH Size
2.4
Personal Income / wk
$708
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
7.9%
Unoccupied
45
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
21.3%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
22.1%
Community Profile
Ancestry
Household Composition
34.2%
Couples, no children
1,077
Total families
Economy & Employment
Healthcare is the largest industry at 19% of the local workforce (81 workers), followed by Construction at 14.1% (60 workers) and Manufacturing at 10.1% (43 workers). Education employs 9.2% (39 workers) and Retail 8.7% (37 workers). By occupation, Labourers (93) and Professionals (90) are the two largest groups, an unusual split where blue-collar and knowledge workers are nearly equal. The unemployment rate is 4.4% and the full-time employment rate is 56.8%, while the participation rate of 54% is below national levels, partly because the older median age of 43 means more residents are outside the labour force. Personal weekly income of $708 and household weekly income of $1,361 place household income in the 35th percentile nationally.
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
56.8%
Part-time
38.8%
Participation
54.0%
Employed
613
Occupations
Top Industries
University
18.3%
Postgraduate
1.7%
Born Overseas
10.6%
Dwellings
524
Transport to Work
Car dependency is high, with 89.2% of residents driving to work, consistent with a regional area where public transport data is not recorded. Walking and cycling accounts for 5.7% of commutes. The crime rate of 82.7 incidents per 1,000 residents covers 119 total offences, led by property and deception offences (50) and justice procedures offences (28), with crimes against the person at 24. Housing stress is absent: both mortgage-to-income at 22.1% and rent-to-income at 21.3% are below stress thresholds. The volunteering rate of 18.1% is above the national average, signalling community engagement. No schools are recorded in the suburb dataset, so families use schools in neighbouring areas of the East Gippsland region.
Drive
89.2%
Public Transport
N/A
Walk / Cycle
5.7%
Work from Home
N/A
Safety & Crime
Total Offences
119
Year ending June 2024
Rate per 1,000 People
82.7
Offence Categories
Source: Crime Statistics Agency Victoria / SA Police
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Lucknow compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Lucknow a good suburb to live in?
Lucknow suits owner-occupiers and established families. The median age is 43, slightly above the national figure, and 45% of residents own their homes outright, well above average. Housing costs are manageable, with mortgage-to-income at 22.1% and rent-to-income at 21.3%, both below stress thresholds. The trade-off is car dependency at 89.2% and a crime rate of 82.7 per 1,000 residents.
What is the median house price in Lucknow?
The median house price is $592,000, recorded in April-June 2024. This is the highest price in the 15-quarter data series, up from $235,000 in 2013, a 151.9% total gain at a 6.8% compound annual growth rate. Monthly mortgage repayments average $1,300, and weekly rent is $290.
What schools are in Lucknow?
No schools are recorded inside the Lucknow suburb boundary in this dataset. Families in Lucknow use schools in neighbouring East Gippsland communities. The local university qualification rate of 18.3% is 11.8 percentage points below the national figure, reflecting the regional trade and services economy.
Is Lucknow safe?
The recorded crime rate is 82.7 incidents per 1,000 residents, covering 119 total offences. The largest categories are property and deception offences (50 incidents) and justice procedures offences (28). Crimes against the person total 24. Housing stress indicators are positive, with mortgage-to-income at 22.1% and rent-to-income at 21.3%, both below distress levels.
Is Lucknow good for property investment?
The long-run price growth case is strong: prices compounded at 6.8% per year over 14 years from $235,000 to $592,000. However, weekly rent of $290 against a $592,000 median implies a gross yield around 2.5%, below typical investment targets. The vacancy rate is 7.9%, and only 17.8% of dwellings are rented, so the rental market is smaller than owner-occupier demand.
How is Lucknow's population changing?
Lucknow has a population of 1,439 across 21.58 square kilometres at a density of 66.7 people per kilometre. The resident stability rate is 77.9%, meaning 22.1% of residents moved in the reference period, a moderate turnover rate. The median age of 43 is 3 years above the national figure, indicating gradual aging of the resident base.
What industries employ people in Lucknow?
Healthcare is the largest industry at 19% of local workers (81 people), followed by Construction at 14.1% (60 workers) and Manufacturing at 10.1% (43 workers). Education accounts for 9.2% and Retail 8.7%. The unemployment rate is 4.4% and the participation rate is 54%, below average partly because the older median age of 43 leaves more residents outside the labour force.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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