Edenhope is a small community in Victoria within the West Wimmera local government area (postcode 3318). With a population of 937, the suburb has a mature demographic with a median age of 54. Households earn a median income of $50K per year, with an average household size of 2 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Edenhope is $255,000, having declined 4.1% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $867.
Edenhope is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1002, 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 West Wimmera LGA is moderate at 4,681 incidents per 100,000 population.
From an investment perspective, Edenhope offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($255K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.1x is considered affordable. House prices have moved -4.1% year-on-year.
Edenhope is a small community in Victoria within the West Wimmera local government area (postcode 3318). With a population of 937, the suburb has a mature demographic with a median age of 54. Households earn a median income of $50K per year, with an average household size of 2 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Edenhope is $255,000, having declined 4.1% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $867.
Edenhope is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1002, 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 West Wimmera LGA is moderate at 4,681 incidents per 100,000 population.
From an investment perspective, Edenhope offers a gross rental yield of 6.1%, rated as high yield. Property prices sit below the state median ($255K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.1x is considered affordable. House prices have moved -4.1% year-on-year.