Beaufort (postcode 3373) is a small locality in Victoria within the Pyrenees local government area. It is home to about 1,712 residents, with a settled, mature resident base and a median age of 51. Households earn a median income of $54K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.4% 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 labourers, technicians & trades, community & personal service. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are English, Australian, Irish.
The median house price in Beaufort is $380,000, having fallen by 6.2% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 5.5%. The median monthly mortgage repayment is $1,160.
Beaufort is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 976, which is around the national average of 1,000. Public transport access includes 2 rail stations, 1 bus stop. Healthcare facilities include 1 public hospital. The crime rate in the Pyrenees LGA is moderate at 6,576 incidents per 100,000 population.
On the investment side, Beaufort shows a gross rental yield of approximately 5.5%, rated as high yield. Property prices sit below the state median ($380K/$875K), which can point to relative value. The price-to-income ratio of 7.1x is considered moderate. House prices have moved -6.2% year-on-year. Population growth of +0.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.