Kyabram is a mid-sized suburb in Victoria within the Campaspe local government area (postcode 3620). With a population of 7,416, the suburb has a settled, mature resident base with a median age of 46. Households earn a median income of $61K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.1% 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 labourers, technicians & trades, professionals. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are English, Australian, Irish.
Median house prices in Kyabram stand at $468,000, having moved higher by 4% over the last twelve months. Units have a median price of $325,000 (-11.6% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 5.1%. The median monthly mortgage repayment is $1,235.
Kyabram is served by 2 schools, including 2 combined. The average ICSEA score is 978, 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 Campaspe LGA is higher than average at 10,244 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 5.1% (high yield). Property prices sit below the state median ($468K/$875K), which can point to relative value. The price-to-income ratio of 7.7x is considered moderate. House prices have moved +4.0% year-on-year. Population growth of -0.1% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.