Located in Victoria within the Hepburn local government area, Hepburn Springs is a sparsely populated locality (postcode 3461). It is home to about 368 residents, with an older demographic and a median age of 58. Households earn a median income of $64K per year, with an average household size of 1.8 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 managers, professionals, technicians & trades. Employment in the area leans toward accommodation & food and professional services. The top ancestries reported are English, Australian, Irish.
The median house price in Hepburn Springs is $963,000, having risen steeply by 23.5% over the past year. The current median weekly rent is $473. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,387.
Public transport access includes 8 bus stops. The crime rate in the Hepburn LGA is moderate at 4,750 incidents per 100,000 population.
Looking at the investment signals, Hepburn Springs shows a gross rental yield of approximately 2.6%, rated as low yield. Property prices are near the state median ($963K/$875K). The price-to-income ratio of 15.0x is considered stretched. House prices have moved +23.5% 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.