Selby
With only 6.8% of residents renting, Selby ranks among the most owner-dominated suburbs in the Dandenong Ranges, and the income profile backs up that stability. Household income sits at the 87.6th percentile nationally, yet the median house price of $657,000 produces a mortgage-to-income ratio of just 20.1%, well below the 30% stress threshold. All 100% of dwellings are separate houses on a 6.56 km2 footprint, making density lower than most suburban Victoria. The suburb has a low crime rate of 16.0 incidents per 1,000 residents and a SEIFA IRSD decile of 9, placing it in the upper tier of relative advantage nationally.
Population
1,626
Median Age
40.0
Household IncomeiMedian weekly household income (ABS Census)
$2,282/wk
DAs (12 months)iDevelopment Applications lodged in the past year
0
Median House
$657K
Apr-Jun 2024
The median house price is $657,000 as of Apr-Jun 2024, down 29.5% from the peak of $932,000 in Apr-Jun 2023, which means buyers today are entering well below recent highs. From the earliest recorded price of $420,000 in 2013, values grew at a CAGR of 3.2% over 14 years. Every dwelling is a separate house, with 49.3% having 4 or more bedrooms and 41.2% having 3 bedrooms, so the stock is overwhelmingly family-sized. Monthly mortgage repayments average $1,983, and at a mortgage-to-income ratio of 20.1% this is below the national stress benchmark, making Selby more affordable to service than many VIC tree-change locations at similar price points.
For Buyers
The median house price is $657,000 as of Apr-Jun 2024, down 29.5% from the peak of $932,000 in Apr-Jun 2023, which means buyers today are entering well below recent highs. From the earliest recorded price of $420,000 in 2013, values grew at a CAGR of 3.2% over 14 years. Every dwelling is a separate house, with 49.3% having 4 or more bedrooms and 41.2% having 3 bedrooms, so the stock is overwhelmingly family-sized. Monthly mortgage repayments average $1,983, and at a mortgage-to-income ratio of 20.1% this is below the national stress benchmark, making Selby more affordable to service than many VIC tree-change locations at similar price points.
For Investors
The investor case for Selby is constrained by a very thin rental market. Only 6.8% of households rent, compared to the national average, and weekly rent is $400. Against the $657,000 median, that implies a gross yield of around 3.2%. The vacancy rate of 4.7% is elevated, signalling limited competition among tenants for available properties. Development activity recorded 0 applications in the past 12 months, so there is no pipeline adding new stock. Net overseas migration contributes 61 residents annually to the broader SA2 area, but net internal migration runs at minus 158 per year, meaning more people leave than arrive from within Australia. These migration flows point to modest rental demand growth at best.
Development Activity
Total DAs
1
Last 12 Months
0
YoY ChangeiYear-over-year change in DA lodgements
-100.0%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Selby iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Selby Primary School
Prep-6 · 165 students
Demographics
The median age of 40 matches the national figure exactly, though the suburb is on an aging trajectory: the senior share rose 6.4 points over the decade and the working-age share fell 1.9 points. University qualifications reach 37.0%, which is 6.9 percentage points above the national average, consistent with the professional and managerial occupations that dominate local employment. Overseas-born residents account for 15.7%, which is 5.9 points below the national figure, and ancestry leans Anglo-Celtic, led by English (697), Irish (224) and Scottish (201). Volunteering sits at 20.1% and 86.8% of residents stayed at the same address over five years, a sign of a settled, low-turnover community rather than a transit population.
Age Distribution
Bedrooms
Dwelling Structure
100.0%
Houses
N/A
Townhouse
N/A
Apartment
Tenure
Every dwelling in Selby is a separate house, a distinction that sets it apart from mixed-stock suburbs across Victoria. Tenure splits 32.3% owned outright, 60.9% with a mortgage and just 6.8% renting, the last figure far lower than state and national averages. Large homes dominate: 49.3% have 4 or more bedrooms and 41.2% have 3, leaving only 9.5% with 2 bedrooms or fewer. The price journey shows a rise from $420,000 in 2013 to a peak of $932,000 in Apr-Jun 2023 before correcting to $657,000 by Apr-Jun 2024, a 29.5% fall from peak. Rent-to-income sits at 17.5% and mortgage-to-income at 20.1%, both below stress thresholds, indicating residents are not financially stretched by housing costs.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$1,983
Rent / wk
$400
HH Size
2.9
Personal Income / wk
$898
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
4.7%
Unoccupied
27
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
17.5%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
20.1%
Community Profile
Ancestry
Household Composition
21.6%
Couples, no children
1,419
Total families
Economy & Employment
Education is the largest employment sector at 17.9% of workers (117 people), followed by Healthcare at 14.0% (92) and Construction at 13.6% (89), with Professional/Tech and Public Admin each at 8.9% (58). The occupation mix leans toward Professionals (237) and Managers (124), which aligns with the suburb's IEO decile 8 score for education and occupation advantage. Unemployment is 3.7% and the full-time employment rate is 61.1%, with a participation rate of 63.6%. Personal weekly income averages $898. Family weekly income of $2,524 places the suburb well above median, and household income at the 87.6th percentile nationally reflects the concentration of skilled, degree-qualified workers in stable public and knowledge-sector roles.
Unemployment
4.0%
Labour Force
5,913
Unemployed
239
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
61.1%
Part-time
35.2%
Participation
63.6%
Employed
802
Occupations
Top Industries
University
37.0%
Postgraduate
10.5%
Born Overseas
15.7%
Dwellings
542
Transport to Work
Selby is almost entirely car-dependent: 90.7% of residents drive to work and only 3.1% use public transport, lower than most comparable VIC suburbs. The low public transport share reflects the Ranges location and limited rail access. Crime is low at 16.0 incidents per 1,000 residents, with property and deception offences (12 incidents) the most common category. The IRSAD decile 8 and IRSD decile 9 scores place Selby in the upper advantage band nationally. No schools are recorded within the suburb boundary in the dataset, so families rely on institutions in neighbouring areas. The need-for-assistance rate is 3.8% (59 residents), broadly consistent with the age profile of 40 years median.
Drive
90.7%
Public Transport
3.1%
Walk / Cycle
1.6%
Work from Home
N/A
Population Forecast
-0.4%/yr
(-40 people/yr)
EstablishedThe population trend for the broader SA2 area is a slow decline of approximately 0.4% per year, with medium forecasts pointing to around 9,730 residents by 2031 compared to 9,964 in 2025. Internal migration is the primary drag, with a net outflow of 158 residents annually, partly offset by 61 overseas arrivals per year. The 10-year population change was minus 0.6%. Affordability remained broadly stable between 2011 (44.4%) and 2021 (44.1%), suggesting the suburb's price relative to income has not worsened. Rent grew 42.9% over the period and real income rose 16.9%. The gentrification score of 24 indicates early signals, though the net internal outflow limits the transformation pace seen in more accessible fringe suburbs.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Overseas Migration
Net Overseas / yr
+61
Net Internal / yr
-158
Gentrification Signal
Not gentrifying
Net internal outflow -158/yr
Safety & Crime
Total Offences
26
Year ending June 2024
Rate per 1,000 People
16.0
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 Selby compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Selby a good suburb to live in?
Selby scores IRSD decile 9 and IRSAD decile 8, placing it in the upper advantage tier nationally. Household income sits at the 87.6th percentile, crime is low at 16.0 per 1,000 residents, and 86.8% of residents stay put over five years. The main trade-off is strong car dependence, with only 3.1% using public transport.
What is the median house price in Selby?
The median house price is $657,000 as of Apr-Jun 2024, down 29.5% from the peak of $932,000 in Apr-Jun 2023. From $420,000 in 2013, prices grew at a CAGR of 3.2% over 14 years. Monthly mortgage repayments average $1,983, giving a mortgage-to-income ratio of 20.1%.
What schools are in Selby?
No schools are recorded within the Selby suburb boundary in this dataset. The suburb's population of 1,626 is small enough that families typically access schools in nearby towns. Despite this, 37.0% of residents hold university qualifications, which is 6.9 points above the national average.
Is Selby safe?
Selby has a low crime rate of 16.0 incidents per 1,000 residents, with just 26 total recorded offences. The most common category was property and deception offences at 12 incidents. The IRSD decile 9 score, in the top advantage tier nationally, also signals low relative disadvantage.
Is Selby good for property investment?
The investment fundamentals are mixed. Gross yield is around 3.2% based on $400 weekly rent against a $657,000 median, and the vacancy rate of 4.7% is elevated. Net internal migration runs at minus 158 per year for the broader area. The price corrected 29.5% from the 2023 peak, which may present a re-entry point for patient buyers.
How is Selby's population changing?
Population is declining slowly at around 0.4% per year. Medium forecasts project the broader SA2 area falling from 9,964 residents in 2025 to approximately 9,730 by 2031. The primary driver is net internal outflow of 158 residents annually, partially offset by 61 net overseas arrivals per year.
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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