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South Gippsland Shire

Allambee Reserve

Allambee Reserve Property Market
& Suburb Profile

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ALLAMBEE RESERVE price TRACKER

Houses

Allambee Reserve Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$525pw

House rental price change

(all agencies, last 12 months)0.05%

Average rental yield for Houses

(all agencies, last 12 months)3.32%

Allambee Reserve total population size

(as at the last census)96

Median household size in Allambee Reserve

(as at the last census)2.8

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

OCCUPANCY in Allambee Reserve

  • Owned 93%
  • Rented 0%
  • Other/Not Stated 7%
  • Singles 11%
  • Families 82%
  • Other 0%

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About Allambee Reserve

Nestled in the picturesque Gippsland region, Allambee Reserve offers a tranquil retreat for those seeking a peaceful lifestyle surrounded by nature. This charming suburb is perfect for families, retirees, and anyone looking to escape the hustle and bustle of city life.

Housing and Real Estate

Allambee Reserve is a very small suburb featuring spacious properties with large blocks of land, and a range of housing options from quaint cottages to modern family homes at competitive prices.

Education and Amenities

Essential amenities like shopping centres and healthcare facilities as well as Primary and secondary schools are within a 30-40 minute drive, in nearby towns like Warragul, Trafalga, Leongatha and Mirboo North.

Recreation and Leisure

Outdoor activities abound with numerous walking trails, parks, and natural reserves. The nearby Mount Worth State Park offers stunning views and diverse flora and fauna. The region is also known for its local wineries and farms, perfect for sampling fresh produce and fine wines.

Transport and Accessibility

Allambee Reserve is approximately a two-hour drive from Melbourne CBD, the closest train station is Yarragon, which is a 20-minute drive. The rural city of Warragul is approx. 30 minutes drive.

Demographics and Growth

The suburb has a small but growing population, attracting those who value space, nature, and a slower pace of life. With ongoing developments, Allambee Reserve is set for steady growth while maintaining its unique charm.

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Allambee Reserve MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20250-no change0$525pw3.32%
20241$630,000no change0$506pw3.30%
20230-no change0$464pw3.13%
20220-no change0$438pw2.98%
20212$707,50028.64%0$405pw2.91%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20250-no change
20241$630,000no change
20230-no change
20220-no change
20212$707,500+28.64%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
20250$525pw3.32%
20240$506pw3.30%
20230$464pw3.13%
20220$438pw2.98%
20210$405pw2.91%

PROUDLY SERVICING Allambee Reserve

Barry Plant
Warragul - Drouin

Barry Plant
Korumburra

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.