Koondrook is a small community in Victoria within the Gannawarra local government area (postcode 3580). With a population of 1,101, the suburb has a mature demographic with a median age of 54. Households earn a median income of $51K per year, with an average household size of 2.2 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Koondrook is $385,000, having surged 20.3% over the past year. The current median weekly rent is $310. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,105.
Koondrook is served by 1 school, including 1 primary. The average ICSEA score is 977, which is around the national average of 1,000. Public transport access includes 3 bus stops. The crime rate in the Gannawarra LGA is higher than average at 8,294 incidents per 100,000 population.
From an investment perspective, Koondrook offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($385K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.6x is considered moderate. House prices have moved +20.3% year-on-year.
Koondrook is a small community in Victoria within the Gannawarra local government area (postcode 3580). With a population of 1,101, the suburb has a mature demographic with a median age of 54. Households earn a median income of $51K per year, with an average household size of 2.2 people. The most common occupations are labourers, technicians & trades, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Koondrook is $385,000, having surged 20.3% over the past year. The current median weekly rent is $310. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,105.
Koondrook is served by 1 school, including 1 primary. The average ICSEA score is 977, which is around the national average of 1,000. Public transport access includes 3 bus stops. The crime rate in the Gannawarra LGA is higher than average at 8,294 incidents per 100,000 population.
From an investment perspective, Koondrook offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($385K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.6x is considered moderate. House prices have moved +20.3% year-on-year.