Flowerdale is a close-knit residential community in Victoria within the Murrindindi local government area (postcode 3717). The area has roughly 790 residents and a mature demographic, with a median age of 48. Households earn a median income of $64K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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, labourers, managers. Employment in the area leans toward construction and agriculture. The top ancestries reported are English, Australian, Scottish.
The median house price in Flowerdale is $635,000, having risen solidly by 6.7% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,300.
Flowerdale is served by 1 school, including 1 primary. The average ICSEA score is 933, which is below the national average of 1,000. Public transport access includes 6 bus stops. The crime rate in the Murrindindi LGA is moderate at 5,639 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.3% (moderate yield). Property prices are near the state median ($635K/$875K). The price-to-income ratio of 10.0x is considered moderate. House prices have moved +6.7% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.