Smythesdale

POSTAL CODE: VIC, 3351
HOUSE
SMYTHESDALE ranks 396th in VIC when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 0% for the past year is lower than average compared to its 34.07% growth within a five-year period.

Also in SMYTHESDALE, the median home price is sitting at $610,000, and the average rent at N/A, this suggests property owners could potentially earn a N/A increase in gross rental yield.

Property investors have seen a 9.91% gain in SMYTHESDALE based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 14.84% growth over a ten-year period. It ranks 3802nd on our list of suburbs that property investors should look into.

Surburb overview

Smythesdale is a rural township in Victoria located within the Golden Plains Shire, approximately 120 kilometres west of Melbourne’s central business district and about 20 kilometres south-west of Ballarat.

Situated along the Glenelg Highway, Smythesdale provides road connectivity to Ballarat and other regional centres while retaining a small-town character.

According to the 2021 Census, Smythesdale had a population of 1,119 residents, reflecting steady growth as part of Ballarat’s broader hinterland.

The township developed during the Victorian gold rush of the 1850s, and several heritage buildings remain as part of its historic streetscape.

Residential properties consist mainly of detached dwellings on standard township blocks, with surrounding areas comprising farmland and rural-residential allotments.

Local facilities include Smythesdale Primary School, a general store, a hotel, and a community recreation reserve, which support day-to-day needs and local events.

Retail, healthcare and secondary education services are generally accessed in Ballarat, where major commercial centres and public infrastructure are located.

Public transport options within Smythesdale are limited, and most residents rely on private vehicles for commuting and travel.

The Woady Yaloak River runs near the township, contributing to the surrounding agricultural landscape and local biodiversity.

Smythesdale experiences a temperate climate with warm-to-hot summers and cool winters, typical of inland areas of south-western Victoria.

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