Echuca is a settled mid-to-large suburb in Victoria within the Campaspe local government area (postcode 3564). With a population of 15,056, the suburb has an older-leaning population with a median age of 45. Households earn a median income of $69K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.1% 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Irish.
Echuca has a median house price of $540,000, which has moved lower by 3.6% year-on-year. Units have a median price of $425,000 (-6.6% YoY). The current median weekly rent is $470. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,468.
Echuca is served by 7 schools, including 4 primary, 2 secondary, 1 special. The average ICSEA score is 957, which is around the national average of 1,000. Public transport access includes 2 rail stations, 73 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Campaspe LGA is higher than average at 10,244 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 4.5%, which reads as moderate yield. Property prices sit below the state median ($540K/$875K), which can point to relative value. The price-to-income ratio of 7.8x is considered moderate. House prices have moved -3.6% year-on-year. Population growth of -0.1% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.