Birchip is a small community in Victoria within the Buloke local government area (postcode 3483). With a population of 694, the suburb has a mature demographic with a median age of 49. Households earn a median income of $61K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Birchip is $186,000, having dropped significantly 17.3% over the past year. The current median weekly rent is $280. This gives a gross rental yield of approximately 7.8%. The median monthly mortgage repayment is $758.
Birchip is served by 1 school, including 1 combined. The average ICSEA score is 989, which is around the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Buloke LGA is moderate at 4,877 incidents per 100,000 population.
From an investment perspective, Birchip offers a gross rental yield of 7.8%, rated as high yield. Property prices sit below the state median ($186K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 3.1x is considered affordable. House prices have moved -17.3% year-on-year.
Birchip is a small community in Victoria within the Buloke local government area (postcode 3483). With a population of 694, the suburb has a mature demographic with a median age of 49. Households earn a median income of $61K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Birchip is $186,000, having dropped significantly 17.3% over the past year. The current median weekly rent is $280. This gives a gross rental yield of approximately 7.8%. The median monthly mortgage repayment is $758.
Birchip is served by 1 school, including 1 combined. The average ICSEA score is 989, which is around the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Buloke LGA is moderate at 4,877 incidents per 100,000 population.
From an investment perspective, Birchip offers a gross rental yield of 7.8%, rated as high yield. Property prices sit below the state median ($186K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 3.1x is considered affordable. House prices have moved -17.3% year-on-year.