Ouyen is a small community in Victoria within the Mildura local government area (postcode 3490). With a population of 1,170, the suburb has a mature demographic with a median age of 52. Households earn a median income of $57K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Ouyen is $235,000, having surged 27.4% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 8.4%. The median monthly mortgage repayment is $734.
Ouyen is served by 1 school, including 1 combined. The average ICSEA score is 956, which is around the national average of 1,000. Public transport access includes 4 rail stations, 3 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Mildura LGA is higher than average at 14,116 incidents per 100,000 population.
From an investment perspective, Ouyen offers a gross rental yield of 8.4%, rated as high yield. Property prices sit below the state median ($235K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 4.1x is considered affordable. House prices have moved +27.4% year-on-year.
Ouyen is a small community in Victoria within the Mildura local government area (postcode 3490). With a population of 1,170, the suburb has a mature demographic with a median age of 52. Households earn a median income of $57K per year, with an average household size of 2.1 people. The most common occupations are managers, professionals, labourers. The top ancestries reported are Australian, English, Irish.
The median house price in Ouyen is $235,000, having surged 27.4% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 8.4%. The median monthly mortgage repayment is $734.
Ouyen is served by 1 school, including 1 combined. The average ICSEA score is 956, which is around the national average of 1,000. Public transport access includes 4 rail stations, 3 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Mildura LGA is higher than average at 14,116 incidents per 100,000 population.
From an investment perspective, Ouyen offers a gross rental yield of 8.4%, rated as high yield. Property prices sit below the state median ($235K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 4.1x is considered affordable. House prices have moved +27.4% year-on-year.