Located in Victoria within the Indigo local government area, Beechworth is a smaller suburb (postcode 3747). It is home to about 4,274 residents, with a settled, mature resident base and a median age of 49. Households earn a median income of $73K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% 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 professionals, managers, community & personal service. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Beechworth stand at $780,000, having posted strong gains by 8.3% over the last twelve months. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.2%. 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.
Looking at the investment signals, Beechworth shows a gross rental yield of approximately 3.2%, 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. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.