Koo Wee Rup is a smaller suburb in Victoria within the Cardinia local government area (postcode 3981). With a population of 4,047, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $93K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, labourers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Koo Wee Rup is $667,000, having dipped slightly 0.5% over the past year. Units have a median price of $470,000 (-2.1% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,811.
Koo Wee Rup is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 983, which is around the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Cardinia LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Koo Wee Rup offers a gross rental yield of 4.1%, rated as moderate yield. Property prices are near the state median ($667K/$875K). The price-to-income ratio of 7.2x is considered moderate. House prices have moved -0.5% year-on-year.
Koo Wee Rup is a smaller suburb in Victoria within the Cardinia local government area (postcode 3981). With a population of 4,047, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $93K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, labourers, clerical & administrative. The top ancestries reported are Australian, English, Irish.
The median house price in Koo Wee Rup is $667,000, having dipped slightly 0.5% over the past year. Units have a median price of $470,000 (-2.1% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,811.
Koo Wee Rup is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 983, which is around the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Cardinia LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Koo Wee Rup offers a gross rental yield of 4.1%, rated as moderate yield. Property prices are near the state median ($667K/$875K). The price-to-income ratio of 7.2x is considered moderate. House prices have moved -0.5% year-on-year.