Charlton (postcode 3525) is a small community in Victoria within the Buloke local government area. With a population of 1,095, the suburb has a more retirement-aged population with a median age of 56. Households earn a median income of $50K per year, with an average household size of 2 people. Recent annual estimates show population movement softening across the broader catchment, with population growth running at -0.6% 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, labourers, technicians & trades. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Charlton stand at $297,000, having moved lower by 7.2% over the last twelve months. The current median weekly rent is $340. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $758.
Charlton is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1002, which is around the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Buloke LGA is moderate at 4,877 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 6.0% (high yield). Property prices sit below the state median ($297K/$875K), which can point to relative value. The price-to-income ratio of 6.0x is considered affordable. House prices have moved -7.2% year-on-year. Population growth of -0.6% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.