Officer is a well-established suburb in Victoria within the Cardinia local government area (postcode 3809). With a population of 18,503, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $111K per year, with an average household size of 2.9 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Indian.
The median house price in Officer is $718,000, having dipped slightly 1.1% over the past year. Units have a median price of $555,000 (+1.4% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $2,000.
Officer is served by 9 schools, including 7 primary, 1 secondary, 1 special. The average ICSEA score is 1031, which is around the national average of 1,000. Public transport access includes 3 rail stations, 45 bus stops. The crime rate in the Cardinia LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Officer offers a gross rental yield of 3.8%, rated as moderate yield. Property prices are near the state median ($718K/$875K). The price-to-income ratio of 6.5x is considered moderate. House prices have moved -1.1% year-on-year.
Officer is a well-established suburb in Victoria within the Cardinia local government area (postcode 3809). With a population of 18,503, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $111K per year, with an average household size of 2.9 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Indian.
The median house price in Officer is $718,000, having dipped slightly 1.1% over the past year. Units have a median price of $555,000 (+1.4% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $2,000.
Officer is served by 9 schools, including 7 primary, 1 secondary, 1 special. The average ICSEA score is 1031, which is around the national average of 1,000. Public transport access includes 3 rail stations, 45 bus stops. The crime rate in the Cardinia LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, Officer offers a gross rental yield of 3.8%, rated as moderate yield. Property prices are near the state median ($718K/$875K). The price-to-income ratio of 6.5x is considered moderate. House prices have moved -1.1% year-on-year.