Kilmore (postcode 3764) is a mid-sized suburb in Victoria within the Mitchell local government area. With a population of 9,207, the suburb has an established family demographic with a median age of 40. Households earn a median income of $81K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +4.2% 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 technicians & trades, professionals, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Irish.
Kilmore has a median house price of $598,000, which has eased back by 3% year-on-year. Units have a median price of $400,000 (-3.6% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,647.
Kilmore is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1036, which is around the national average of 1,000. Public transport access includes 38 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Mitchell LGA is higher than average at 9,406 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 4.0% (moderate yield). Property prices sit below the state median ($598K/$875K), which can point to relative value. The price-to-income ratio of 7.4x is considered moderate. House prices have moved -3.0% year-on-year. Population growth of +4.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.