Birchip (postcode 3483) is a close-knit residential community in Victoria within the Buloke local government area. It is home to about 694 residents, with a mature demographic and a median age of 49. Households earn a median income of $61K per year, with an average household size of 2.2 people. Recent annual estimates show population movement softening across the broader catchment, with population growth running at -0.6% 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 managers, professionals, technicians & trades. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Irish.
The median house price in Birchip is $186,000, having fallen sharply by 17.3% over the past year. The current median weekly rent is $340. This gives a gross rental yield of approximately 9.5%. 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.
Looking at the investment signals, Birchip shows a gross rental yield of approximately 9.5%, rated as high yield. Property prices sit below the state median ($186K/$875K), which can point to relative value. The price-to-income ratio of 3.1x is considered affordable. House prices have moved -17.3% year-on-year. Population growth of -0.6% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.