Alexandra is a smaller suburb in Victoria within the Murrindindi local government area (postcode 3714). With a population of 2,801, the suburb has a mature demographic with a median age of 51. Households earn a median income of $56K per year, with an average household size of 2.1 people. The most common occupations are technicians & trades, professionals, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Alexandra is $513,000, having grown strongly 7.3% over the past year. The current median weekly rent is $385. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,300.
Alexandra is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 990, which is around the national average of 1,000. Public transport access includes 4 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Murrindindi LGA is moderate at 5,639 incidents per 100,000 population.
From an investment perspective, Alexandra offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($513K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved +7.3% year-on-year.
Alexandra is a smaller suburb in Victoria within the Murrindindi local government area (postcode 3714). With a population of 2,801, the suburb has a mature demographic with a median age of 51. Households earn a median income of $56K per year, with an average household size of 2.1 people. The most common occupations are technicians & trades, professionals, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Alexandra is $513,000, having grown strongly 7.3% over the past year. The current median weekly rent is $385. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,300.
Alexandra is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 990, which is around the national average of 1,000. Public transport access includes 4 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Murrindindi LGA is moderate at 5,639 incidents per 100,000 population.
From an investment perspective, Alexandra offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($513K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved +7.3% year-on-year.