Hamilton is a well-established suburb in Victoria within the Southern Grampians local government area (postcode 3300). It is home to about 10,346 residents, with an older-leaning population and a median age of 45. Households earn a median income of $65K 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 +0.2% 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, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Scottish.
The median house price in Hamilton is $390,000, having risen by 2.6% over the past year. Units have a median price of $279,000 (+0.5% YoY). The current median weekly rent is $370. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,083.
Hamilton is served by 9 schools, including 4 primary, 2 secondary, 2 combined, 1 special. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 2 rail stations, 71 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Southern Grampians LGA is moderate at 7,662 incidents per 100,000 population.
On the investment side, Hamilton shows a gross rental yield of approximately 4.9%, rated as moderate yield. Property prices sit below the state median ($390K/$875K), which can point to relative value. The price-to-income ratio of 6.0x is considered moderate. House prices have moved +2.6% year-on-year. Population growth of +0.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.