Kerang is a smaller suburb in Victoria within the Gannawarra local government area (postcode 3579). With a population of 3,960, the suburb has a mature demographic with a median age of 51. Households earn a median income of $52K per year, with an average household size of 2.1 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Kerang is $310,000, having grown strongly 9.7% over the past year. Units have a median price of $255,000 (+35.6% YoY). The current median weekly rent is $310. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,000.
Kerang is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 957, which is around the national average of 1,000. Public transport access includes 3 rail stations. Healthcare facilities include 1 public hospital. The crime rate in the Gannawarra LGA is higher than average at 8,294 incidents per 100,000 population.
From an investment perspective, Kerang offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($310K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.9x is considered affordable. House prices have moved +9.7% year-on-year.
Kerang is a smaller suburb in Victoria within the Gannawarra local government area (postcode 3579). With a population of 3,960, the suburb has a mature demographic with a median age of 51. Households earn a median income of $52K per year, with an average household size of 2.1 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Kerang is $310,000, having grown strongly 9.7% over the past year. Units have a median price of $255,000 (+35.6% YoY). The current median weekly rent is $310. This gives a gross rental yield of approximately 5.2%. The median monthly mortgage repayment is $1,000.
Kerang is served by 5 schools, including 3 primary, 1 secondary, 1 combined. The average ICSEA score is 957, which is around the national average of 1,000. Public transport access includes 3 rail stations. Healthcare facilities include 1 public hospital. The crime rate in the Gannawarra LGA is higher than average at 8,294 incidents per 100,000 population.
From an investment perspective, Kerang offers a gross rental yield of 5.2%, rated as high yield. Property prices sit below the state median ($310K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.9x is considered affordable. House prices have moved +9.7% year-on-year.