Menzies Creek is a small community in Victoria within the Yarra Ranges local government area (postcode 3159). With a population of 966, the suburb has an established demographic with a median age of 44. Households earn a median income of $121K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Menzies Creek is $877,000, having dropped significantly 14.1% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,167.
Menzies Creek is served by 1 school, including 1 primary. The average ICSEA score is 1057, which is above the national average of 1,000. Public transport access includes 7 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Menzies Creek offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($877K/$875K). The price-to-income ratio of 7.2x is considered moderate. House prices have moved -14.1% year-on-year.
Menzies Creek is a small community in Victoria within the Yarra Ranges local government area (postcode 3159). With a population of 966, the suburb has an established demographic with a median age of 44. Households earn a median income of $121K per year, with an average household size of 2.9 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Menzies Creek is $877,000, having dropped significantly 14.1% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,167.
Menzies Creek is served by 1 school, including 1 primary. The average ICSEA score is 1057, which is above the national average of 1,000. Public transport access includes 7 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Menzies Creek offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($877K/$875K). The price-to-income ratio of 7.2x is considered moderate. House prices have moved -14.1% year-on-year.