Longwarry (postcode 3816) is a compact suburb in Victoria within the Baw Baw local government area. The area has roughly 2,436 residents and a mix of young professionals and families, with a median age of 34. Households earn a median income of $76K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% 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 technicians & trades, labourers, community & personal service. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Irish.
Longwarry has a median house price of $645,000, which has surged by 10.3% year-on-year. Units have a median price of $510,000 (+10.3% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,473.
Longwarry is served by 1 school, including 1 primary. The average ICSEA score is 945, which is below the national average of 1,000. Public transport access includes 4 rail stations. The crime rate in the Baw Baw LGA is higher than average at 8,229 incidents per 100,000 population.
On the investment side, Longwarry shows a gross rental yield of approximately 4.2%, rated as moderate yield. Property prices are near the state median ($645K/$875K). The price-to-income ratio of 8.5x is considered moderate. House prices have moved +10.3% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.