Coleraine is a small community in Victoria within the Southern Grampians local government area (postcode 3315). With a population of 1,062, the suburb has an older demographic with a median age of 56. Households earn a median income of $44K per year, with an average household size of 1.9 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Coleraine is $265,000, having surged 29.3% over the past year. The current median weekly rent is $350. This gives a gross rental yield of approximately 6.9%. The median monthly mortgage repayment is $650.
Coleraine is served by 2 schools, including 2 primary. The average ICSEA score is 989, which is around the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital. The crime rate in the Southern Grampians LGA is moderate at 7,662 incidents per 100,000 population.
From an investment perspective, Coleraine offers a gross rental yield of 6.9%, rated as high yield. Property prices sit below the state median ($265K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.0x is considered affordable. House prices have moved +29.3% year-on-year.
Coleraine is a small community in Victoria within the Southern Grampians local government area (postcode 3315). With a population of 1,062, the suburb has an older demographic with a median age of 56. Households earn a median income of $44K per year, with an average household size of 1.9 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Coleraine is $265,000, having surged 29.3% over the past year. The current median weekly rent is $350. This gives a gross rental yield of approximately 6.9%. The median monthly mortgage repayment is $650.
Coleraine is served by 2 schools, including 2 primary. The average ICSEA score is 989, which is around the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital. The crime rate in the Southern Grampians LGA is moderate at 7,662 incidents per 100,000 population.
From an investment perspective, Coleraine offers a gross rental yield of 6.9%, rated as high yield. Property prices sit below the state median ($265K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.0x is considered affordable. House prices have moved +29.3% year-on-year.