Check another suburbYour suburb, scored · Data as of Oct 2026
Omeo, VIC
R-Score 99 / 100 — ranked #197 of 15,286 suburbs this month
Among the strongest markets in the country right now
Current buyer and rental conditions here rank in the top tier of the 15,000 suburbs we measure this month.
Scores describe measured market conditions — not personal advice, and not a forecast.
Suburb averages hide a lot. Check how your street compares with the rest of Omeo →
Is Omeo a buy right now? Get our verdict + the 5 best streets
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Best Streets in Omeo, VIC
Compare every street in Omeo (VIC) on the Street Score →
Other High-Scoring Suburbs in East Gippsland (VIC)
| Indicator | Omeo Reading | Context & Benchmark |
|---|---|---|
| Ripehouse R-Score | 99 / 100 | Ranked #197 of 15,286 Australian suburbs (Oct 2026) |
| Median House Price | $420,000 | -5.6% over the past 12 months of settled sales |
| Median Weekly Asking Rent | $465/wk | Implies a 5.8% gross rental yield at the current median price |
| Rental Vacancy Rate | 2.8% | Above the 1.5% tight-supply threshold |
| Median Days on Market | 262 days | Part of East Gippsland (VIC) council area (LGA avg R-Score 73/100) |
Buyer's Agent & Quantitative Due Diligence
Considering buying an investment property in Omeo, VIC?
Since 2011, Ripehouse Advisory has helped Australian investors screen 15,000 suburbs and 518,000+ streets to avoid high-public-housing blocks, flood/overlay traps, and underperforming pockets. Speak with our team before you make an offer.
Omeo VIC FAQs
Frequently Asked Questions: Investing in Omeo, VIC
Is Omeo VIC a good suburb for property investment in 2026?
As of Oct 2026, Omeo (VIC 3898) scores 99/100 on the Ripehouse R-Score, ranking #197 out of 15,286 Australian suburbs. Among the strongest markets in the country right now. Key fundamentals include a median price of $420,000, median rent of $465/wk, gross yield of 5.8%, and vacancy of 2.8%.
What is the median house price and 12-month growth in Omeo VIC?
The current median property price in Omeo (VIC) is $420,000 (Oct 2026), representing a -5.6% change over the past 12 months. Properties in Omeo currently spend a median of 262 days on market.
What is the rental yield and vacancy rate in Omeo VIC?
In Omeo (VIC), the median weekly asking rent is $465/wk, producing a gross rental yield of 5.8%. The suburb vacancy rate is 2.8% as of Oct 2026.
What are the best streets in Omeo VIC?
Ripehouse Advisory scores every G-NAF street in Omeo against the suburb average for owner-occupancy, public housing, rent, and yield. Use the Omeo Street Score tool on this page to compare individual streets.
Which council area (LGA) is Omeo VIC located in?
Omeo (VIC, postcode 3898) is located in the East Gippsland council area (LGA). Across East Gippsland, the council-wide average R-Score is 73/100 across 142 suburbs.
R-Score and all figures are drawn from Ripehouse's research engine — 15,000 suburbs measured across 27 indicators, refreshed monthly (data as of Oct 2026). Scores describe past and current measured market conditions only. Past performance is not a reliable indicator of future performance. Nothing on this page is personal financial advice.