Lake Tyers Beach is a small community in Victoria within the East Gippsland local government area (postcode 3909). With a population of 802, the suburb has a mature demographic with a median age of 53. Households earn a median income of $61K per year, with an average household size of 2.2 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Lake Tyers Beach is $553,000, having declined 6.4% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,228.
Lake Tyers Beach is served by 1 school, including 1 primary. The average ICSEA score is 935, which is below the national average of 1,000. Public transport access includes 1 bus stop. The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
From an investment perspective, Lake Tyers Beach offers a gross rental yield of 3.8%, rated as moderate yield. Property prices sit below the state median ($553K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved -6.4% year-on-year.
Lake Tyers Beach is a small community in Victoria within the East Gippsland local government area (postcode 3909). With a population of 802, the suburb has a mature demographic with a median age of 53. Households earn a median income of $61K per year, with an average household size of 2.2 people. The most common occupations are technicians & trades, professionals, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Lake Tyers Beach is $553,000, having declined 6.4% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,228.
Lake Tyers Beach is served by 1 school, including 1 primary. The average ICSEA score is 935, which is below the national average of 1,000. Public transport access includes 1 bus stop. The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
From an investment perspective, Lake Tyers Beach offers a gross rental yield of 3.8%, rated as moderate yield. Property prices sit below the state median ($553K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved -6.4% year-on-year.