Kalorama is a small locality in Victoria within the Yarra Ranges local government area (postcode 3766). The area has roughly 1,277 residents and a settled mid-life population, with a median age of 43. Households earn a median income of $109K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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, managers, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
The median house price in Kalorama is $953,000, having grown strongly by 7.6% over the past year. The current median weekly rent is $600. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,950.
Public transport access includes 21 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
On the investment side, Kalorama shows a gross rental yield of approximately 3.3%, rated as moderate yield. Property prices are near the state median ($953K/$875K). The price-to-income ratio of 8.8x is considered moderate. House prices have moved +7.6% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.