Bruthen is a small locality in Victoria within the East Gippsland local government area (postcode 3885). The area has roughly 820 residents and an established family demographic, with a median age of 43. Households earn a median income of $62K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 community & personal service, technicians & trades, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Irish.
The median house price in Bruthen is $323,000, having dropped significantly by 34.8% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 7.4%. The median monthly mortgage repayment is $1,083.
Bruthen is served by 1 school, including 1 primary. The average ICSEA score is 994, which is around the national average of 1,000. Public transport access includes 1 rail station, 1 bus stop. The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 7.4% (high yield). Property prices sit below the state median ($323K/$875K), which can point to relative value. The price-to-income ratio of 5.2x is considered affordable. House prices have moved -34.8% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.