Horsham is a well-established suburb in Victoria within the Horsham local government area (postcode 3400). The area has roughly 15,134 residents and an established demographic, with a median age of 40. Households earn a median income of $67K 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 -0.1% 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 English, Australian, Scottish.
The median house price in Horsham is $383,000, having declined by 4.4% over the past year. Units have a median price of $265,000 (-23.7% YoY). The current median weekly rent is $390. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $1,187.
Horsham is served by 6 schools, including 3 primary, 2 secondary, 1 special. The average ICSEA score is 976, which is around the national average of 1,000. Public transport access includes 2 rail stations, 116 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Horsham LGA is higher than average at 12,947 incidents per 100,000 population.
On the investment side, Horsham shows a gross rental yield of approximately 5.3%, rated as high yield. Property prices sit below the state median ($383K/$875K), which can point to relative value. The price-to-income ratio of 5.7x is considered affordable. House prices have moved -4.4% year-on-year. Population growth of -0.1% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.