Kinglake (postcode 3763) is a small community in Victoria within the Murrindindi local government area. With a population of 1,662, the suburb has a settled mid-life population with a median age of 43. Households earn a median income of $90K 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 +0.6% 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, community & personal service, professionals. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Kinglake stand at $775,000, having climbed sharply by 17% over the last twelve months. The current median weekly rent is $400. This gives a gross rental yield of approximately 2.7%. The median monthly mortgage repayment is $1,733.
Kinglake is served by 1 school, including 1 primary. The average ICSEA score is 1007, which is around the national average of 1,000. Public transport access includes 1 rail station, 2 bus stops. The crime rate in the Murrindindi LGA is moderate at 5,639 incidents per 100,000 population.
From an investment perspective, Kinglake shows a gross rental yield of approximately 2.7%, rated as low yield. Property prices are near the state median ($775K/$875K). The price-to-income ratio of 8.6x is considered moderate. House prices have moved +17.0% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.