Chum Creek is a small community in Victoria within the Yarra Ranges local government area (postcode 3777). With a population of 981, the suburb has a mature demographic with a median age of 45. Households earn a median income of $99K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Chum Creek is $833,000, having surged 44.8% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,733.
Chum Creek is served by 1 school, including 1 primary. The average ICSEA score is 1048, which is around the national average of 1,000. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Chum Creek offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($833K/$875K). The price-to-income ratio of 8.4x is considered moderate. House prices have moved +44.8% year-on-year.
Chum Creek is a small community in Victoria within the Yarra Ranges local government area (postcode 3777). With a population of 981, the suburb has a mature demographic with a median age of 45. Households earn a median income of $99K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, professionals, labourers. The top ancestries reported are English, Australian, Irish.
The median house price in Chum Creek is $833,000, having surged 44.8% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,733.
Chum Creek is served by 1 school, including 1 primary. The average ICSEA score is 1048, which is around the national average of 1,000. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Chum Creek offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($833K/$875K). The price-to-income ratio of 8.4x is considered moderate. House prices have moved +44.8% year-on-year.