Bundalong is a close-knit residential community in Victoria within the Moira local government area (postcode 3730). It is home to about 512 residents, with a settled, mature resident base and a median age of 51. Households earn a median income of $79K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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 managers, technicians & trades, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Scottish.
Bundalong has a median house price of $968,000, which has jumped by 33.5% year-on-year. The current median weekly rent is $460. This gives a gross rental yield of approximately 2.5%. 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, Gross rental yield sits at around 2.5% (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 +33.5% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.