Average rent in Shepparton - South East, VIC — 2026

Shepparton - South East sits below the Victoria median, with the typical renter paying $270/week — 26% less than the state-wide $363/week baseline (ABS Census 2021). The suburb skews owner-occupied: 58% own outright or with a mortgage, and only 36% rent. Housing stock is dominated by separate houses (87%), with limited high-density development. Population sits at 16,520, the median age is 37, and the most common occupation is Labourers. 26% of residents were born overseas. Shepparton - South East is 163km from Melbourne, often putting it outside the inner-ring rent pressure zone — though state-level rent indices show the 2021 baseline is now meaningfully out of date. Your reported figure above gives the live read; the Census number anchors the historical baseline.