Lake Charm (postcode 3581) is a small, quiet locality in Victoria within the Gannawarra local government area. With a population of 147, the suburb has a more retirement-aged population with a median age of 55. Households earn a median income of $69K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.3% 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 managers, technicians & trades, labourers. Employment in the area leans toward agriculture and retail trade. The top ancestries reported are English, Australian, Irish.
The current median weekly rent is $323. The median monthly mortgage repayment is $879.
Public transport access includes 1 rail station. The crime rate in the Gannawarra LGA is higher than average at 8,294 incidents per 100,000 population.
On the investment side, Population growth of -0.3% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.