Erica (postcode 3825) is a small, quiet locality in Victoria within the Baw Baw local government area. With a population of 184, the suburb has a settled, mature resident base with a median age of 54. Households earn a median income of $66K per year, with an average household size of 1.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% 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 technicians & trades, managers, community & personal service. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are Australian, English, Scottish.
The current median weekly rent is $525. The median monthly mortgage repayment is $1,040.
The crime rate in the Baw Baw LGA is higher than average at 8,229 incidents per 100,000 population.
Looking at the investment signals, Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.