Bundalong is a small community in Victoria within the Moira local government area (postcode 3730). With a population of 512, the suburb has a mature demographic with a median age of 51. Households earn a median income of $79K per year, with an average household size of 2.4 people. The most common occupations are managers, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Bundalong is $968,000, having dropped significantly 61.6% over the past year. The current median weekly rent is $423. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,509.
Public transport access includes 2 bus stops. The crime rate in the Moira LGA is higher than average at 8,887 incidents per 100,000 population.
From an investment perspective, Bundalong offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($968K/$875K). The price-to-income ratio of 12.2x is considered stretched. House prices have moved -61.6% year-on-year.
Bundalong is a small community in Victoria within the Moira local government area (postcode 3730). With a population of 512, the suburb has a mature demographic with a median age of 51. Households earn a median income of $79K per year, with an average household size of 2.4 people. The most common occupations are managers, technicians & trades, clerical & administrative. The top ancestries reported are Australian, English, Scottish.
The median house price in Bundalong is $968,000, having dropped significantly 61.6% over the past year. The current median weekly rent is $423. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,509.
Public transport access includes 2 bus stops. The crime rate in the Moira LGA is higher than average at 8,887 incidents per 100,000 population.
From an investment perspective, Bundalong offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($968K/$875K). The price-to-income ratio of 12.2x is considered stretched. House prices have moved -61.6% year-on-year.