Minyip (postcode 3392) is a small community in Victoria within the Yarriambiack local government area. With a population of 525, the suburb has a more retirement-aged population with a median age of 57. Households earn a median income of $46K 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 -0.3% 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, labourers, professionals. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Irish.
Minyip has a median house price of $180,000, which has jumped by 15.8% year-on-year. The current median weekly rent is $310. This gives a gross rental yield of approximately 9.0%. The median monthly mortgage repayment is $542.
Minyip is served by 1 school, including 1 primary. The average ICSEA score is 893, which is well below the national average of 1,000. Public transport access includes 3 bus stops. The crime rate in the Yarriambiack LGA is higher than average at 8,069 incidents per 100,000 population.
On the investment side, Minyip shows a gross rental yield of approximately 9.0%, rated as high yield. Property prices sit below the state median ($180K/$875K), which can point to relative value. The price-to-income ratio of 3.9x is considered affordable. House prices have moved +15.8% year-on-year. Population growth of -0.3% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.