Laverton is a compact suburb in Victoria within the Hobsons Bay local government area (postcode 3028). It is home to about 4,760 residents, with a mix of young professionals and families and a median age of 32. Households earn a median income of $79K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% 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 accommodation & food. The top ancestries reported are English, Australian, Indian.
Median house prices in Laverton stand at $600,000, having risen modestly by 1.7% over the last twelve months. Units have a median price of $528,000 (+2.4% YoY). The current median weekly rent is $580. This gives a gross rental yield of approximately 5.0%. The median monthly mortgage repayment is $1,700.
Laverton is served by 4 schools, including 1 primary, 1 combined, 2 special. The average ICSEA score is 1021, which is around the national average of 1,000. Public transport access includes 11 rail stations, 13 bus stops. The crime rate in the Hobsons Bay LGA is higher than average at 8,123 incidents per 100,000 population.
From an investment perspective, Gross rental yield sits at around 5.0% (high yield). Property prices sit below the state median ($600K/$875K), which can point to relative value. The price-to-income ratio of 7.6x is considered moderate. House prices have moved +1.7% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.