Mansfield is a mid-sized suburb in Victoria within the Mansfield local government area (postcode 3722). With a population of 5,541, the suburb has a mature demographic with a median age of 47. Households earn a median income of $71K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, managers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Mansfield is $750,000, having declined 4.2% over the past year. Units have a median price of $545,000 (-5.2% YoY). The current median weekly rent is $471. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,603.
Mansfield is served by 5 schools, including 2 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 1022, which is around the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Mansfield LGA is below average at 3,664 incidents per 100,000 population.
From an investment perspective, Mansfield offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($750K/$875K). The price-to-income ratio of 10.6x is considered stretched. House prices have moved -4.2% year-on-year.
Mansfield is a mid-sized suburb in Victoria within the Mansfield local government area (postcode 3722). With a population of 5,541, the suburb has a mature demographic with a median age of 47. Households earn a median income of $71K per year, with an average household size of 2.3 people. The most common occupations are technicians & trades, managers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Mansfield is $750,000, having declined 4.2% over the past year. Units have a median price of $545,000 (-5.2% YoY). The current median weekly rent is $471. This gives a gross rental yield of approximately 3.3%. The median monthly mortgage repayment is $1,603.
Mansfield is served by 5 schools, including 2 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 1022, which is around the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Mansfield LGA is below average at 3,664 incidents per 100,000 population.
From an investment perspective, Mansfield offers a gross rental yield of 3.3%, rated as moderate yield. Property prices are near the state median ($750K/$875K). The price-to-income ratio of 10.6x is considered stretched. House prices have moved -4.2% year-on-year.