Kalkallo (postcode 3064) is a mid-sized suburb in Victoria within the Hume local government area. The area has roughly 5,548 residents and a young professional demographic, with a median age of 30. Households earn a median income of $106K per year, with an average household size of 3.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.0% 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 professionals, community & personal service, machinery operators & drivers. Employment in the area leans toward healthcare and transport & logistics. The top ancestries reported are Indian, Australian, English.
Kalkallo has a median house price of $640,000, which has edged higher by 1.5% year-on-year. The current median weekly rent is $525. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $2,000.
Kalkallo is served by 2 schools, including 2 primary. The average ICSEA score is 1038, which is around the national average of 1,000. Public transport access includes 4 rail stations, 13 bus stops. The crime rate in the Hume LGA is higher than average at 8,365 incidents per 100,000 population.
From an investment perspective, Kalkallo shows a gross rental yield of approximately 4.3%, rated as moderate yield. Property prices are near the state median ($640K/$875K). The price-to-income ratio of 6.0x is considered moderate. House prices have moved +1.5% year-on-year. Population growth of +3.0% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.