Kalimna is a small community in Victoria within the East Gippsland local government area (postcode 3909). The area has roughly 1,350 residents and 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 labourers, community & personal service, technicians & trades. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Scottish.
The median house price in Kalimna is $385,000, having dropped significantly by 16.8% over the past year. The current median weekly rent is $460. This gives a gross rental yield of approximately 6.2%. 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.
Looking at the investment signals, Kalimna shows a gross rental yield of approximately 6.2%, rated as high yield. Property prices sit below the state median ($385K/$875K), which can point to relative value. The price-to-income ratio of 7.0x is considered moderate. House prices have moved -16.8% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.