Pyramid Hill (postcode 3575) is a small community in Victoria within the Loddon local government area. With a population of 598, the suburb has a mature demographic with a median age of 46. Households earn a median income of $50K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.0% 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, labourers, community & personal service. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Filipino.
The median house price in Pyramid Hill is $203,000, having climbed sharply by 58.2% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 9.8%. The median monthly mortgage repayment is $707.
Pyramid Hill is served by 1 school, including 1 combined. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 1 rail station, 1 bus stop. The crime rate in the Loddon LGA is moderate at 6,652 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 9.8% (high yield). Property prices sit below the state median ($203K/$875K), which can point to relative value. The price-to-income ratio of 4.0x is considered affordable. House prices have moved +58.2% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.