Officer South (postcode 3809) is a small locality in Victoria within the Cardinia local government area. The area has roughly 1,159 residents and a younger, working-age population, with a median age of 31. Households earn a median income of $108K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.6% 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, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Indian.
The median house price in Officer South is $773,000, having fallen sharply by 10.7% over the past year. The current median weekly rent is $560. This gives a gross rental yield of approximately 3.8%. The median monthly mortgage repayment is $2,200.
Public transport access includes 3 bus stops. The crime rate in the Cardinia LGA is moderate at 7,195 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 3.8%, which reads as moderate yield. Property prices are near the state median ($773K/$875K). The price-to-income ratio of 7.1x is considered moderate. House prices have moved -10.7% year-on-year. Population growth of +2.6% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.