Clunes (postcode 3370) is a small community in Victoria within the Hepburn local government area. With a population of 1,844, the suburb has a settled, mature resident base with a median age of 51. Households earn a median income of $54K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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 professionals, technicians & trades, labourers. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Clunes stand at $500,000, having eased back by 2% over the last twelve months. The current median weekly rent is $473. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,127.
Clunes is served by 1 school, including 1 primary. The average ICSEA score is 978, which is around the national average of 1,000. Public transport access includes 2 rail stations, 4 bus stops. The crime rate in the Hepburn LGA is moderate at 4,750 incidents per 100,000 population.
On the investment side, Clunes shows a gross rental yield of approximately 4.9%, rated as moderate yield. Property prices sit below the state median ($500K/$875K), which can point to relative value. The price-to-income ratio of 9.3x is considered moderate. House prices have moved -2.0% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.