Located in Victoria within the South Gippsland local government area, Leongatha is a mid-sized suburb (postcode 3953). The area has roughly 5,869 residents and a mature demographic, with a median age of 45. Households earn a median income of $62K 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 +0.6% 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Leongatha has a median house price of $493,000, which has declined steeply by 14% year-on-year. Units have a median price of $380,000 (-13.6% YoY). The current median weekly rent is $433. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,430.
Leongatha is served by 5 schools, including 2 primary, 2 secondary, 1 special. The average ICSEA score is 1005, which is around the national average of 1,000. Public transport access includes 2 rail stations, 8 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the South Gippsland LGA is higher than average at 8,421 incidents per 100,000 population.
From an investment perspective, Leongatha shows a gross rental yield of approximately 4.6%, rated as moderate yield. Property prices sit below the state median ($493K/$875K), which can point to relative value. The price-to-income ratio of 8.0x is considered moderate. House prices have moved -14.0% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.