Campbellfield is a smaller residential area in Victoria within the Hume local government area (postcode 3061). With a population of 4,977, the suburb has an established demographic with a median age of 38. Households earn a median income of $58K per year, with an average household size of 2.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.0% 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 technicians & trades, labourers, clerical & administrative. Employment in the area leans toward retail trade and construction. The top ancestries reported are Lebanese, Australian, Italian.
Median house prices in Campbellfield stand at $620,000, having moved higher by 2.5% over the last twelve months. Units have a median price of $368,000 (-5.3% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,600.
Campbellfield is served by 1 school, including 1 primary. The average ICSEA score is 943, which is below the national average of 1,000. Public transport access includes 1 rail station, 41 bus stops. The crime rate in the Hume LGA is higher than average at 8,365 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 4.4% (moderate yield). Property prices are near the state median ($620K/$875K). The price-to-income ratio of 10.7x is considered stretched. House prices have moved +2.5% year-on-year. Population growth of +3.0% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.