Diggers Rest is a mid-sized suburb in Victoria within the Melton local government area (postcode 3427). With a population of 5,669, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $104K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Italian.
The median house price in Diggers Rest is $655,000, having dipped slightly 0.8% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,800.
Diggers Rest is served by 1 school, including 1 primary. The average ICSEA score is 1034, which is around the national average of 1,000. Public transport access includes 5 rail stations, 26 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Diggers Rest offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($655K/$875K). The price-to-income ratio of 6.3x is considered moderate. House prices have moved -0.8% year-on-year.
Diggers Rest is a mid-sized suburb in Victoria within the Melton local government area (postcode 3427). With a population of 5,669, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $104K per year, with an average household size of 2.6 people. The most common occupations are professionals, clerical & administrative, technicians & trades. The top ancestries reported are Australian, English, Italian.
The median house price in Diggers Rest is $655,000, having dipped slightly 0.8% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,800.
Diggers Rest is served by 1 school, including 1 primary. The average ICSEA score is 1034, which is around the national average of 1,000. Public transport access includes 5 rail stations, 26 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Diggers Rest offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($655K/$875K). The price-to-income ratio of 6.3x is considered moderate. House prices have moved -0.8% year-on-year.