Located in Victoria within the Swan Hill local government area, Lake Powell is a small, quiet locality (postcode 3597). With a population of 86, the suburb has a mix of families and early-career residents with a median age of 34. Households earn a median income of $99K per year, with an average household size of 2.6 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, managers. The top ancestries reported are English, Australian, Chinese.
The current median weekly rent is $430. The median monthly mortgage repayment is $1,300.
The crime rate in the Swan Hill LGA is higher than average at 11,054 incidents per 100,000 population.
From an investment perspective, Population growth of +0.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.