Located in Victoria within the Horsham local government area, Natimuk is a small community (postcode 3409). The area has roughly 548 residents and a settled, mature resident base, with a median age of 54. Households earn a median income of $66K 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 -0.1% 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 professionals, managers, community & personal service. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are English, Australian, German.
Natimuk has a median house price of $303,000, which has risen by 2.2% year-on-year. The current median weekly rent is $405. This gives a gross rental yield of approximately 7.0%. The median monthly mortgage repayment is $814.
Natimuk is served by 1 school, including 1 primary. The average ICSEA score is 1044, which is around the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Horsham LGA is higher than average at 12,947 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 7.0%, which reads as high yield. Property prices sit below the state median ($303K/$875K), which can point to relative value. The price-to-income ratio of 4.6x is considered affordable. House prices have moved +2.2% year-on-year. Population growth of -0.1% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.