Metung is a small community in Victoria within the East Gippsland local government area (postcode 3904). With a population of 1,899, the suburb has an older demographic with a median age of 60. Households earn a median income of $63K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Metung is $692,000, having dropped significantly 10.3% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.0%. 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.
From an investment perspective, Metung offers a gross rental yield of 3.0%, rated 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.
Metung is a small community in Victoria within the East Gippsland local government area (postcode 3904). With a population of 1,899, the suburb has an older demographic with a median age of 60. Households earn a median income of $63K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Metung is $692,000, having dropped significantly 10.3% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 3.0%. 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.
From an investment perspective, Metung offers a gross rental yield of 3.0%, rated 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.