Briagolong is a small community in Victoria within the Wellington local government area (postcode 3860). With a population of 1,133, the suburb has an established demographic with a median age of 44. Households earn a median income of $69K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Briagolong is $437,000, having grown strongly 5.2% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,300.
Briagolong is served by 1 school, including 1 primary. The average ICSEA score is 955, which is around the national average of 1,000. The crime rate in the Wellington LGA is higher than average at 12,111 incidents per 100,000 population.
From an investment perspective, Briagolong offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($437K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.3x is considered moderate. House prices have moved +5.2% year-on-year.
Briagolong is a small community in Victoria within the Wellington local government area (postcode 3860). With a population of 1,133, the suburb has an established demographic with a median age of 44. Households earn a median income of $69K per year, with an average household size of 2.4 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Briagolong is $437,000, having grown strongly 5.2% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,300.
Briagolong is served by 1 school, including 1 primary. The average ICSEA score is 955, which is around the national average of 1,000. The crime rate in the Wellington LGA is higher than average at 12,111 incidents per 100,000 population.
From an investment perspective, Briagolong offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($437K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.3x is considered moderate. House prices have moved +5.2% year-on-year.