Chiltern (postcode 3683) is a small community in Victoria within the Indigo local government area. It is home to about 1,580 residents, with an older-leaning population and a median age of 50. Households earn a median income of $68K 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 +0.8% 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, professionals, community & personal service. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are Australian, English, Irish.
The median house price in Chiltern is $462,000, having risen steeply by 18.5% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,300.
Chiltern is served by 2 schools, including 2 primary. The average ICSEA score is 988, which is around the national average of 1,000. Public transport access includes 1 rail station, 2 bus stops. The crime rate in the Indigo LGA is below average at 3,341 incidents per 100,000 population.
On the investment side, Chiltern shows a gross rental yield of approximately 5.4%, rated as high yield. Property prices sit below the state median ($462K/$875K), which can point to relative value. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +18.5% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.