Basalt is a quiet locality in Victoria within the Hepburn local government area (postcode 3460). With a population of 23, the suburb has an older-leaning population with a median age of 45. Households earn a median income of $55K per year, with an average household size of 1.9 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 technicians & trades, community & personal service. Employment in the area leans toward construction and accommodation & food. The top ancestries reported are English, Australian, Italian.
The current median weekly rent is $473. The median monthly mortgage repayment is $1,517.
The crime rate in the Hepburn LGA is moderate at 4,750 incidents per 100,000 population.
On the investment side, 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.