Located in Victoria within the Mildura local government area, Ouyen is a small community (postcode 3490). The area has roughly 1,170 residents and 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.3% 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 managers, professionals, labourers. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are Australian, English, Irish.
Ouyen has a median house price of $235,000, which has jumped by 27.4% year-on-year. The current median weekly rent is $465. This gives a gross rental yield of approximately 10.3%. 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.
On the investment side, The gross rental yield works out to roughly 10.3%, which reads as high yield. Property prices sit below the state median ($235K/$875K), which can point to relative value. The price-to-income ratio of 4.1x is considered affordable. House prices have moved +27.4% year-on-year. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.