Located in Victoria within the Melton local government area, Mount Cottrell is a quiet locality (postcode 3024). It is home to about 496 residents, with an established family demographic and a median age of 41. Households earn a median income of $80K per year, with an average household size of 3 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +5.8% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, technicians & trades, clerical & administrative. Employment in the area leans toward construction and transport & logistics. The top ancestries reported are English, Australian, Maltese.
Median house prices in Mount Cottrell stand at $662,000, having grown strongly by 10% over the last twelve months. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $1,973.
The crime rate in the Melton LGA is moderate at 6,463 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.8%, which reads as moderate yield. Property prices are near the state median ($662K/$850K). The price-to-income ratio of 8.3x is considered moderate. House prices have moved +10.0% year-on-year. Population growth of +5.8% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.