Located in Victoria within the Monash local government area, Hughesdale is a moderately sized suburb (postcode 3166). It is home to about 7,563 residents, with an established family demographic and a median age of 38. Households earn a median income of $107K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% 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 professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Greek.
Hughesdale has a median house price of $1.4 million, holding roughly steady year-on-year. Units have a median price of $490,000 (-32.5% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,167.
Hughesdale is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 1123, which is well above the national average of 1,000. Public transport access includes 1 rail station, 32 bus stops. The crime rate in the Monash LGA is moderate at 7,127 incidents per 100,000 population.
From an investment perspective, Hughesdale shows a gross rental yield of approximately 2.1%, rated as low yield. Property prices are above the state median ($1.4M/$875K), placing it in the premium segment. The price-to-income ratio of 13.3x is considered stretched. House prices have moved -0.1% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.