Located in Victoria within the Nillumbik local government area, Hurstbridge is a smaller residential area (postcode 3099). It is home to about 3,554 residents, with a settled mid-life population and a median age of 41. Households earn a median income of $113K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.4% 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, managers. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Hurstbridge is $921,000, having risen by 3.4% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $2,000.
Hurstbridge is served by 1 school, including 1 primary. The average ICSEA score is 1055, which is above the national average of 1,000. Public transport access includes 2 rail stations, 2 bus stops. The crime rate in the Nillumbik LGA is below average at 3,681 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.2% (moderate yield). Property prices are near the state median ($921K/$875K). The price-to-income ratio of 8.2x is considered moderate. House prices have moved +3.4% year-on-year. Population growth of +0.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.