Dimboola is a small community in Victoria within the Hindmarsh local government area (postcode 3414). With a population of 1,635, the suburb has a mature demographic with a median age of 52. Households earn a median income of $55K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, community & personal service. The top ancestries reported are Australian, English, German.
The median house price in Dimboola is $260,000, having declined 7.5% over the past year. The current median weekly rent is $290. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $800.
Dimboola is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 972, which is around the national average of 1,000. Public transport access includes 1 rail station, 2 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Hindmarsh LGA is moderate at 6,724 incidents per 100,000 population.
From an investment perspective, Dimboola offers a gross rental yield of 5.8%, rated as high yield. Property prices sit below the state median ($260K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 4.7x is considered affordable. House prices have moved -7.5% year-on-year.
Dimboola is a small community in Victoria within the Hindmarsh local government area (postcode 3414). With a population of 1,635, the suburb has a mature demographic with a median age of 52. Households earn a median income of $55K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, community & personal service. The top ancestries reported are Australian, English, German.
The median house price in Dimboola is $260,000, having declined 7.5% over the past year. The current median weekly rent is $290. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $800.
Dimboola is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 972, which is around the national average of 1,000. Public transport access includes 1 rail station, 2 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Hindmarsh LGA is moderate at 6,724 incidents per 100,000 population.
From an investment perspective, Dimboola offers a gross rental yield of 5.8%, rated as high yield. Property prices sit below the state median ($260K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 4.7x is considered affordable. House prices have moved -7.5% year-on-year.