Clarinda is a medium-sized suburb in Victoria within the Kingston (Vic.) local government area (postcode 3169). The area has roughly 7,441 residents and a mature demographic, with a median age of 45. Households earn a median income of $83K per year, with an average household size of 2.7 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 professionals, clerical & administrative, technicians & trades. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are Greek, Australian, English.
Clarinda has a median house price of $986,000, which has risen by 3.7% year-on-year. Units have a median price of $885,000 (+19% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $2,000.
Clarinda is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1096, which is above the national average of 1,000. Public transport access includes 33 bus stops. The crime rate in the Kingston (Vic.) LGA is moderate at 7,320 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.2% (moderate yield). Property prices are near the state median ($986K/$875K). The price-to-income ratio of 11.9x is considered stretched. House prices have moved +3.7% year-on-year.