Euroa (postcode 3666) is a smaller suburb in Victoria within the Strathbogie local government area. The area has roughly 3,508 residents and a settled, mature resident base, with a median age of 54. Households earn a median income of $56K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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, labourers. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are English, Australian, Irish.
Median house prices in Euroa stand at $447,000, having fallen sharply by 18.7% over the last twelve months. The current median weekly rent is $485. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,129.
Euroa is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 979, which is around the national average of 1,000. Public transport access includes 3 rail stations, 3 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Strathbogie LGA is moderate at 5,665 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 5.6%, which reads as high yield. Property prices sit below the state median ($447K/$875K), which can point to relative value. The price-to-income ratio of 8.0x is considered moderate. House prices have moved -18.7% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.