Located in Victoria within the Latrobe (Vic.) local government area, Churchill is a compact suburb (postcode 3842). It is home to about 4,924 residents, with a settled mid-life population and a median age of 38. Households earn a median income of $58K per year, with an average household size of 2.3 people. 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 community & personal service, technicians & trades, professionals. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Scottish.
The median house price in Churchill is $375,000, having grown strongly by 5.5% over the past year. The current median weekly rent is $420. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $997.
Churchill is served by 3 schools, including 3 primary. The average ICSEA score is 953, which is around the national average of 1,000. Public transport access includes 2 tram stops, 27 bus stops. The crime rate in the Latrobe (Vic.) LGA is higher than average at 17,840 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 5.8%, which reads as high yield. Property prices sit below the state median ($375K/$875K), which can point to relative value. The price-to-income ratio of 6.5x is considered moderate. House prices have moved +5.5% year-on-year.