Olinda is a small community in Victoria within the Yarra Ranges local government area (postcode 3788). With a population of 1,773, the suburb has a mature demographic with a median age of 45. Households earn a median income of $104K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Olinda is $968,000, having increased 3.5% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,000.
Olinda is served by 1 school, including 1 primary. The average ICSEA score is 964, which is around the national average of 1,000. Public transport access includes 18 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Olinda offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($968K/$875K). The price-to-income ratio of 9.3x is considered moderate. House prices have moved +3.5% year-on-year.
Olinda is a small community in Victoria within the Yarra Ranges local government area (postcode 3788). With a population of 1,773, the suburb has a mature demographic with a median age of 45. Households earn a median income of $104K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Scottish.
The median house price in Olinda is $968,000, having increased 3.5% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,000.
Olinda is served by 1 school, including 1 primary. The average ICSEA score is 964, which is around the national average of 1,000. Public transport access includes 18 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Olinda offers a gross rental yield of 2.8%, rated as low yield. Property prices are near the state median ($968K/$875K). The price-to-income ratio of 9.3x is considered moderate. House prices have moved +3.5% year-on-year.