Longwarry is a smaller suburb in Victoria within the Baw Baw local government area (postcode 3816). With a population of 2,436, the suburb has 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. The most common occupations are technicians & trades, labourers, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Longwarry is $585,000, having increased 2.2% over the past year. Units have a median price of $463,000 (-2.1% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 4.0%. 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.
From an investment perspective, Longwarry offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($585K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.7x is considered moderate. House prices have moved +2.2% year-on-year.
Longwarry is a smaller suburb in Victoria within the Baw Baw local government area (postcode 3816). With a population of 2,436, the suburb has 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. The most common occupations are technicians & trades, labourers, community & personal service. The top ancestries reported are Australian, English, Irish.
The median house price in Longwarry is $585,000, having increased 2.2% over the past year. Units have a median price of $463,000 (-2.1% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 4.0%. 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.
From an investment perspective, Longwarry offers a gross rental yield of 4.0%, rated as moderate yield. Property prices sit below the state median ($585K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.7x is considered moderate. House prices have moved +2.2% year-on-year.