Leitchville is a small locality in Victoria within the Gannawarra local government area (postcode 3567). The area has roughly 576 residents and a mature demographic, with a median age of 50. Households earn a median income of $54K 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 -0.3% 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, labourers, technicians & trades. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Irish.
The median house price in Leitchville is $304,000, having risen steeply by 33.6% over the past year. The current median weekly rent is $323. This gives a gross rental yield of approximately 5.5%. The median monthly mortgage repayment is $867.
Leitchville is served by 1 school, including 1 primary. The average ICSEA score is 946, which is below the national average of 1,000. Public transport access includes 3 bus stops. The crime rate in the Gannawarra LGA is higher than average at 8,294 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 5.5%, which reads as high yield. Property prices sit below the state median ($304K/$875K), which can point to relative value. The price-to-income ratio of 5.6x is considered affordable. House prices have moved +33.6% year-on-year. 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.