Kaniva is a small community in Victoria within the West Wimmera local government area (postcode 3419). With a population of 891, the suburb has a mature demographic with a median age of 51. Households earn a median income of $58K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Kaniva is $232,000, having surged 15.8% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 6.7%. The median monthly mortgage repayment is $715.
Kaniva is served by 1 school, including 1 combined. The average ICSEA score is 989, which is around the national average of 1,000. Public transport access includes 3 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the West Wimmera LGA is moderate at 4,681 incidents per 100,000 population.
From an investment perspective, Kaniva offers a gross rental yield of 6.7%, rated as high yield. Property prices sit below the state median ($232K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 4.0x is considered affordable. House prices have moved +15.8% year-on-year.
Kaniva is a small community in Victoria within the West Wimmera local government area (postcode 3419). With a population of 891, the suburb has a mature demographic with a median age of 51. Households earn a median income of $58K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Kaniva is $232,000, having surged 15.8% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 6.7%. The median monthly mortgage repayment is $715.
Kaniva is served by 1 school, including 1 combined. The average ICSEA score is 989, which is around the national average of 1,000. Public transport access includes 3 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the West Wimmera LGA is moderate at 4,681 incidents per 100,000 population.
From an investment perspective, Kaniva offers a gross rental yield of 6.7%, rated as high yield. Property prices sit below the state median ($232K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 4.0x is considered affordable. House prices have moved +15.8% year-on-year.