Koo Wee Rup (postcode 3981) is a smaller residential area in Victoria within the Cardinia local government area. The area has roughly 4,047 residents and 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. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.6% 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, labourers, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Irish.
Median house prices in Koo Wee Rup stand at $667,000, having dipped slightly by 0.5% over the last twelve months. Units have a median price of $550,000 (+17% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 4.4%. 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.
Looking at the investment signals, Koo Wee Rup shows a gross rental yield of approximately 4.4%, 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. Population growth of +2.6% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.