Kalimna is a small community in Victoria within the East Gippsland local government area (postcode 3909). With a population of 1,350, the suburb has a mature demographic with a median age of 54. Households earn a median income of $55K per year, with an average household size of 2.2 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Kalimna is $385,000, having dropped significantly 16.8% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,256.
Public transport access includes 15 bus stops. The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
From an investment perspective, Kalimna offers a gross rental yield of 5.4%, rated as high yield. Property prices sit below the state median ($385K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.0x is considered moderate. House prices have moved -16.8% year-on-year.
Kalimna is a small community in Victoria within the East Gippsland local government area (postcode 3909). With a population of 1,350, the suburb has a mature demographic with a median age of 54. Households earn a median income of $55K per year, with an average household size of 2.2 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Kalimna is $385,000, having dropped significantly 16.8% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 5.4%. The median monthly mortgage repayment is $1,256.
Public transport access includes 15 bus stops. The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
From an investment perspective, Kalimna offers a gross rental yield of 5.4%, rated as high yield. Property prices sit below the state median ($385K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.0x is considered moderate. House prices have moved -16.8% year-on-year.