Located in Victoria within the Strathbogie local government area, Nagambie is a smaller suburb (postcode 3608). With a population of 2,254, the suburb has an older-leaning population with a median age of 51. Households earn a median income of $59K 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 +1.2% 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 labourers, managers, technicians & trades. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are English, Australian, Irish.
Median house prices in Nagambie stand at $630,000, having eased back by 2.3% over the last twelve months. The current median weekly rent is $485. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,487.
Nagambie is served by 2 schools, including 2 primary. The average ICSEA score is 1008, which is around the national average of 1,000. Public transport access includes 2 rail stations, 2 bus stops. The crime rate in the Strathbogie LGA is moderate at 5,665 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 4.0%, which reads as moderate yield. Property prices are near the state median ($630K/$875K). The price-to-income ratio of 10.6x is considered stretched. House prices have moved -2.3% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.