Murtoa is a small community in Victoria within the Yarriambiack local government area (postcode 3390). With a population of 897, the suburb has a mature demographic with a median age of 48. Households earn a median income of $52K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, German.
The median house price in Murtoa is $280,000, having increased 4.7% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $700.
Murtoa is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 990, which is around 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.
From an investment perspective, Murtoa offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($280K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.3x is considered affordable. House prices have moved +4.7% year-on-year.
Murtoa is a small community in Victoria within the Yarriambiack local government area (postcode 3390). With a population of 897, the suburb has a mature demographic with a median age of 48. Households earn a median income of $52K per year, with an average household size of 2.2 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, German.
The median house price in Murtoa is $280,000, having increased 4.7% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $700.
Murtoa is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 990, which is around 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.
From an investment perspective, Murtoa offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($280K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.3x is considered affordable. House prices have moved +4.7% year-on-year.