Mount Cottrell is a quiet locality in Victoria within the Melton local government area (postcode 3024). With a population of 496, the suburb has an established demographic with a median age of 41. Households earn a median income of $80K per year, with an average household size of 3 people. The most common occupations are managers, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Maltese.
The median house price in Mount Cottrell is $662,000, having grown strongly 10% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,973.
The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Mount Cottrell offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($662K/$875K). The price-to-income ratio of 8.3x is considered moderate. House prices have moved +10.0% year-on-year.
Mount Cottrell is a quiet locality in Victoria within the Melton local government area (postcode 3024). With a population of 496, the suburb has an established demographic with a median age of 41. Households earn a median income of $80K per year, with an average household size of 3 people. The most common occupations are managers, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Maltese.
The median house price in Mount Cottrell is $662,000, having grown strongly 10% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,973.
The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Mount Cottrell offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($662K/$875K). The price-to-income ratio of 8.3x is considered moderate. House prices have moved +10.0% year-on-year.