Orbost is a smaller suburb in Victoria within the East Gippsland local government area (postcode 3888). With a population of 2,264, the suburb has a mature demographic with a median age of 53. Households earn a median income of $41K per year, with an average household size of 2.1 people. The most common occupations are labourers, community & personal service, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Orbost is $356,000, having increased 4.7% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $867.
Orbost is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 937, which is below the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital. The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
From an investment perspective, Orbost offers a gross rental yield of 5.8%, rated as high yield. Property prices sit below the state median ($356K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.7x is considered moderate. House prices have moved +4.7% year-on-year.
Orbost is a smaller suburb in Victoria within the East Gippsland local government area (postcode 3888). With a population of 2,264, the suburb has a mature demographic with a median age of 53. Households earn a median income of $41K per year, with an average household size of 2.1 people. The most common occupations are labourers, community & personal service, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Orbost is $356,000, having increased 4.7% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 5.8%. The median monthly mortgage repayment is $867.
Orbost is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 937, which is below the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital. The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
From an investment perspective, Orbost offers a gross rental yield of 5.8%, rated as high yield. Property prices sit below the state median ($356K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.7x is considered moderate. House prices have moved +4.7% year-on-year.