Marysville is a close-knit residential community in Victoria within the Murrindindi local government area (postcode 3779). The area has roughly 501 residents and an older demographic, with a median age of 59. Households earn a median income of $56K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 managers, technicians & trades, professionals. Employment in the area leans toward accommodation & food and healthcare. The top ancestries reported are English, Australian, Scottish.
Median house prices in Marysville sit at $125,000, little changed on a year ago. The current median weekly rent is $400. This gives a gross rental yield of approximately 16.6%. The median monthly mortgage repayment is $1,272.
Marysville is served by 1 school, including 1 primary. The average ICSEA score is 933, which is below the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Murrindindi LGA is moderate at 5,639 incidents per 100,000 population.
From an investment perspective, Marysville shows a gross rental yield of approximately 16.6%, rated as high yield. Property prices sit below the state median ($125K/$875K), which can point to relative value. The price-to-income ratio of 2.2x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.