Beechworth is a smaller suburb in Victoria within the Indigo local government area (postcode 3747). With a population of 4,274, the suburb has a mature demographic with a median age of 49. Households earn a median income of $73K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Beechworth is $780,000, having grown strongly 8.3% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,550.
Beechworth is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1074, which is above the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Indigo LGA is below average at 3,341 incidents per 100,000 population.
From an investment perspective, Beechworth offers a gross rental yield of 3.0%, rated as moderate yield. Property prices are near the state median ($780K/$875K). The price-to-income ratio of 10.7x is considered stretched. House prices have moved +8.3% year-on-year.
Beechworth is a smaller suburb in Victoria within the Indigo local government area (postcode 3747). With a population of 4,274, the suburb has a mature demographic with a median age of 49. Households earn a median income of $73K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Beechworth is $780,000, having grown strongly 8.3% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $1,550.
Beechworth is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1074, which is above the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Indigo LGA is below average at 3,341 incidents per 100,000 population.
From an investment perspective, Beechworth offers a gross rental yield of 3.0%, rated as moderate yield. Property prices are near the state median ($780K/$875K). The price-to-income ratio of 10.7x is considered stretched. House prices have moved +8.3% year-on-year.