Mallacoota is a small community in Victoria within the East Gippsland local government area (postcode 3892). With a population of 1,183, the suburb has an older demographic with a median age of 59. Households earn a median income of $54K per year, with an average household size of 2 people. The most common occupations are labourers, managers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Mallacoota is $490,000, having dropped significantly 11.7% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,148.
Mallacoota is served by 1 school, including 1 combined. The average ICSEA score is 1019, which is around the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
From an investment perspective, Mallacoota offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($490K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved -11.7% year-on-year.
Mallacoota is a small community in Victoria within the East Gippsland local government area (postcode 3892). With a population of 1,183, the suburb has an older demographic with a median age of 59. Households earn a median income of $54K per year, with an average household size of 2 people. The most common occupations are labourers, managers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Mallacoota is $490,000, having dropped significantly 11.7% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,148.
Mallacoota is served by 1 school, including 1 combined. The average ICSEA score is 1019, which is around the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
From an investment perspective, Mallacoota offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($490K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.1x is considered moderate. House prices have moved -11.7% year-on-year.