Metung is in East Gippsland LGA, VIC, postcode 3904, with population 1,899.
There are enough stretched or weaker signals here that you should assume trade-offs rather than a clean story. Use compare mode to see whether the downside is price, local quality, or weaker momentum before treating it as a target suburb.
Indicative cashflow is interest-only and excludes tax — use the calculator for a full projection.
Owners with a mortgage repay a median of $1,300/mo, while renters pay about $1,993/mo — renting runs $693/mo higher on these medians.
LGA-level official projection (Victoria in Future 2023, DTP). Indicative of the wider council area, not a suburb-level forecast.
Located in Victoria within the East Gippsland local government area, Metung is a small locality (postcode 3904). With a population of 1,899, the suburb has a predominantly older resident base with a median age of 60. Households earn a median income of $63K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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, professionals, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Metung stand at $692,000, having declined steeply by 10.3% over the last twelve months. The current median weekly rent is $460. This gives a gross rental yield of approximately 3.5%. The median monthly mortgage repayment is $1,300.
Metung is served by 1 school, including 1 primary. The average ICSEA score is 1034, which is around the national average of 1,000. The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 3.5%, which reads as moderate yield. Property prices are near the state median ($692K/$875K). The price-to-income ratio of 10.9x is considered stretched. House prices have moved -10.3% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
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There is enough direct local evidence on Metung for a first-pass decision.
QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
DataVic-discovered annual suburb price workbooks parsed into suburb prices. Quarterly VIC resources are discovered and cached, but not yet used as current-price anchors.
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Metung is in the East Gippsland Local Government Area, VIC, postcode 3904. Council-level context for East Gippsland LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
The current median house price in Metung, VIC is $692K, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
The median weekly rent in Metung is $460/wk, based on the current market rent dataset. The current rent signal is rent context available.
Rent context available: Metung has usable rent context. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
QuickProperty's investment signals for Metung show: Moderate Yield, Near Median, Stretched. These are computed from price, rent, income, and population data — not an opaque score.
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.