Avenel (postcode 3664) is a small locality in Victoria within the Strathbogie local government area. With a population of 1,112, the suburb has a settled, mature resident base with a median age of 49. Households earn a median income of $74K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, technicians & trades, professionals. Employment in the area leans toward construction and agriculture. The top ancestries reported are English, Australian, Irish.
Median house prices in Avenel stand at $548,000, having softened modestly by 1.8% over the last twelve months. The current median weekly rent is $485. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,509.
Avenel is served by 1 school, including 1 primary. The average ICSEA score is 1002, which is around the national average of 1,000. Public transport access includes 1 rail station. The crime rate in the Strathbogie LGA is moderate at 5,665 incidents per 100,000 population.
Looking at the investment signals, Avenel shows a gross rental yield of approximately 4.6%, rated as moderate yield. Property prices sit below the state median ($548K/$875K), which can point to relative value. The price-to-income ratio of 7.4x is considered moderate. House prices have moved -1.8% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.