Bonshaw is a close-knit residential community in Victoria within the Ballarat local government area (postcode 3352). The area has roughly 949 residents and a young professional demographic, with a median age of 28. Households earn a median income of $96K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.7% 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, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
The median house price in Bonshaw is $515,000, having fallen by 8% over the past year. The current median weekly rent is $420. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,500.
The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 4.2% (moderate yield). Property prices sit below the state median ($515K/$875K), which can point to relative value. The price-to-income ratio of 5.3x is considered affordable. House prices have moved -8.0% year-on-year. Population growth of +1.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.