Cohuna (postcode 3568) is a compact suburb in Victoria within the Gannawarra local government area. It is home to about 2,415 residents, with an older demographic and a median age of 55. Households earn a median income of $58K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.3% 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 managers, technicians & trades, professionals. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are English, Australian, Irish.
The median house price in Cohuna is $350,000, having grown strongly by 7.7% over the past year. The current median weekly rent is $323. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $997.
Cohuna is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 987, which is around the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Gannawarra LGA is higher than average at 8,294 incidents per 100,000 population.
Looking at the investment signals, Cohuna shows a gross rental yield of approximately 4.8%, rated as moderate yield. Property prices sit below the state median ($350K/$875K), which can point to relative value. The price-to-income ratio of 6.1x is considered moderate. House prices have moved +7.7% year-on-year. Population growth of -0.3% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.