Hepburn is a small community in Victoria within the Hepburn local government area (postcode 3461). The area has roughly 631 residents and an older-leaning population, with a median age of 52. Households earn a median income of $65K 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, managers, community & personal service. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Irish.
Median house prices in Hepburn stand at $718,000, having softened modestly by 2.7% over the last twelve months. The current median weekly rent is $473. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $1,426.
Hepburn is served by 1 school, including 1 primary. The average ICSEA score is 1001, which is around the national average of 1,000. Public transport access includes 7 bus stops. The crime rate in the Hepburn LGA is moderate at 4,750 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.4%, which reads as moderate yield. Property prices are near the state median ($718K/$875K). The price-to-income ratio of 11.0x is considered stretched. House prices have moved -2.7% 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.