Banyan is a quiet locality in Victoria within the Buloke local government area (postcode 3485). With a population of 22, the suburb has a mature demographic with a median age of 54. Households earn a median income of $182K per year, with an average household size of 2.6 people. Recent annual estimates show population movement softening across the broader catchment, with population growth running at -0.6% 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, machinery operators & drivers. Employment in the area leans toward agriculture and public admin & safety. The top ancestries reported are Australian, Irish, English.
The current median weekly rent is $340.
The crime rate in the Buloke LGA is moderate at 4,877 incidents per 100,000 population.
On the investment side, Population growth of -0.6% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.