Leongatha is a mid-sized suburb in Victoria within the South Gippsland local government area (postcode 3953). With a population of 5,869, the suburb has 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. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Leongatha is $573,000, having dipped slightly 1.3% over the past year. Units have a median price of $440,000 (+10.7% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 3.6%. 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 offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($573K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.3x is considered moderate. House prices have moved -1.3% year-on-year.
Leongatha is a mid-sized suburb in Victoria within the South Gippsland local government area (postcode 3953). With a population of 5,869, the suburb has 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. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Scottish.
The median house price in Leongatha is $573,000, having dipped slightly 1.3% over the past year. Units have a median price of $440,000 (+10.7% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 3.6%. 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 offers a gross rental yield of 3.6%, rated as moderate yield. Property prices sit below the state median ($573K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.3x is considered moderate. House prices have moved -1.3% year-on-year.