Murtoa is a close-knit residential community in Victoria within the Yarriambiack local government area (postcode 3390). It is home to about 897 residents, with an older-leaning population and a median age of 48. Households earn a median income of $52K per year, with an average household size of 2.2 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 +0.8% 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, professionals, labourers. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, German.
Murtoa has a median house price of $280,000, which has increased by 4.7% year-on-year. The current median weekly rent is $310. This gives a gross rental yield of approximately 5.8%. 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 8,091 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 5.8%, which reads as high yield. Property prices sit below the state median ($280K/$850K), which can point to relative value. The price-to-income ratio of 5.3x is considered affordable. House prices have moved +4.7% 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.