Avoca is a small community in Victoria within the Pyrenees local government area (postcode 3467). With a population of 1,356, the suburb has a mature demographic with a median age of 51. Households earn a median income of $48K per year, with an average household size of 2.2 people. The most common occupations are managers, labourers, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Avoca is $390,000, having surged 11.4% over the past year. The current median weekly rent is $320. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,056.
Avoca is served by 1 school, including 1 primary. The average ICSEA score is 965, which is around the national average of 1,000. Public transport access includes 3 bus stops. The crime rate in the Pyrenees LGA is moderate at 6,576 incidents per 100,000 population.
From an investment perspective, Avoca offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($390K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.1x is considered moderate. House prices have moved +11.4% year-on-year.
Avoca is a small community in Victoria within the Pyrenees local government area (postcode 3467). With a population of 1,356, the suburb has a mature demographic with a median age of 51. Households earn a median income of $48K per year, with an average household size of 2.2 people. The most common occupations are managers, labourers, community & personal service. The top ancestries reported are Australian, English, Scottish.
The median house price in Avoca is $390,000, having surged 11.4% over the past year. The current median weekly rent is $320. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,056.
Avoca is served by 1 school, including 1 primary. The average ICSEA score is 965, which is around the national average of 1,000. Public transport access includes 3 bus stops. The crime rate in the Pyrenees LGA is moderate at 6,576 incidents per 100,000 population.
From an investment perspective, Avoca offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($390K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.1x is considered moderate. House prices have moved +11.4% year-on-year.