Kangaroo Flat is a well-established suburb in Victoria within the Greater Bendigo local government area (postcode 3555). With a population of 11,328, the suburb has an established demographic with a median age of 44. Households earn a median income of $59K per year, with an average household size of 2.2 people. The most common occupations are labourers, community & personal service, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Kangaroo Flat is $532,000, having grown strongly 6.4% over the past year. Units have a median price of $405,000 (-6.5% YoY). The current median weekly rent is $440. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,300.
Kangaroo Flat is served by 4 schools, including 2 primary, 1 secondary, 1 special. The average ICSEA score is 962, which is around the national average of 1,000. Public transport access includes 9 rail stations, 60 bus stops. The crime rate in the Greater Bendigo LGA is higher than average at 9,634 incidents per 100,000 population.
From an investment perspective, Kangaroo Flat offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($532K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.9x is considered moderate. House prices have moved +6.4% year-on-year.
Kangaroo Flat is a well-established suburb in Victoria within the Greater Bendigo local government area (postcode 3555). With a population of 11,328, the suburb has an established demographic with a median age of 44. Households earn a median income of $59K per year, with an average household size of 2.2 people. The most common occupations are labourers, community & personal service, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Kangaroo Flat is $532,000, having grown strongly 6.4% over the past year. Units have a median price of $405,000 (-6.5% YoY). The current median weekly rent is $440. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,300.
Kangaroo Flat is served by 4 schools, including 2 primary, 1 secondary, 1 special. The average ICSEA score is 962, which is around the national average of 1,000. Public transport access includes 9 rail stations, 60 bus stops. The crime rate in the Greater Bendigo LGA is higher than average at 9,634 incidents per 100,000 population.
From an investment perspective, Kangaroo Flat offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($532K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.9x is considered moderate. House prices have moved +6.4% year-on-year.