Numurkah is a smaller suburb in Victoria within the Moira local government area (postcode 3636). With a population of 4,604, the suburb has a mature demographic with a median age of 49. Households earn a median income of $58K per year, with an average household size of 2.2 people. The most common occupations are labourers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Numurkah is $395,000, having grown strongly 9.6% over the past year. Units have a median price of $305,000 (+10.9% YoY). The current median weekly rent is $423. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,083.
Numurkah is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 956, which is around the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital. The crime rate in the Moira LGA is higher than average at 8,887 incidents per 100,000 population.
From an investment perspective, Numurkah offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($395K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +9.6% year-on-year.
Numurkah is a smaller suburb in Victoria within the Moira local government area (postcode 3636). With a population of 4,604, the suburb has a mature demographic with a median age of 49. Households earn a median income of $58K per year, with an average household size of 2.2 people. The most common occupations are labourers, professionals, technicians & trades. The top ancestries reported are Australian, English, Irish.
The median house price in Numurkah is $395,000, having grown strongly 9.6% over the past year. Units have a median price of $305,000 (+10.9% YoY). The current median weekly rent is $423. This gives a gross rental yield of approximately 5.6%. The median monthly mortgage repayment is $1,083.
Numurkah is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 956, which is around the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital. The crime rate in the Moira LGA is higher than average at 8,887 incidents per 100,000 population.
From an investment perspective, Numurkah offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($395K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +9.6% year-on-year.