Corryong is a small community in Victoria within the Towong local government area (postcode 3707). With a population of 1,352, the suburb has a mature demographic with a median age of 52. Households earn a median income of $51K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Corryong is $317,000, having dipped slightly 1.1% over the past year. The current median weekly rent is $350. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $888.
Corryong is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 988, which is around the national average of 1,000. Public transport access includes 3 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Towong LGA is below average at 3,359 incidents per 100,000 population.
From an investment perspective, Corryong offers a gross rental yield of 5.8%, rated as high yield. Property prices sit below the state median ($317K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.2x is considered moderate. House prices have moved -1.1% year-on-year.
Corryong is a small community in Victoria within the Towong local government area (postcode 3707). With a population of 1,352, the suburb has a mature demographic with a median age of 52. Households earn a median income of $51K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Scottish.
The median house price in Corryong is $317,000, having dipped slightly 1.1% over the past year. The current median weekly rent is $350. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $888.
Corryong is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 988, which is around the national average of 1,000. Public transport access includes 3 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Towong LGA is below average at 3,359 incidents per 100,000 population.
From an investment perspective, Corryong offers a gross rental yield of 5.8%, rated as high yield. Property prices sit below the state median ($317K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.2x is considered moderate. House prices have moved -1.1% year-on-year.