Jeparit (postcode 3423) is a sparsely populated locality in Victoria within the Hindmarsh local government area. The area has roughly 476 residents and an older demographic, with a median age of 56. Households earn a median income of $41K 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 +0.2% 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, community & personal service. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are Australian, English, German.
Median house prices in Jeparit stand at $158,000, having increased by 5% over the last twelve months. The current median weekly rent is $330. This gives a gross rental yield of approximately 10.9%. The median monthly mortgage repayment is $433.
Jeparit is served by 1 school, including 1 primary. The average ICSEA score is 936, which is below the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital. The crime rate in the Hindmarsh LGA is moderate at 6,724 incidents per 100,000 population.
Looking at the investment signals, Jeparit shows a gross rental yield of approximately 10.9%, rated as high yield. Property prices sit below the state median ($158K/$875K), which can point to relative value. The price-to-income ratio of 3.9x is considered affordable. House prices have moved +5.0% year-on-year. Population growth of +0.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.