Quarry Hill is a smaller suburb in Victoria within the Greater Bendigo local government area (postcode 3550). With a population of 2,365, the suburb has an established demographic with a median age of 40. Households earn a median income of $86K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Quarry Hill is $625,000, having increased 4.9% over the past year. Units have a median price of $431,000 (+9.1% YoY). The current median weekly rent is $440. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,417.
Quarry Hill is served by 2 schools, including 2 primary. The average ICSEA score is 1050, which is above the national average of 1,000. Public transport access includes 1 rail station, 18 bus stops. The crime rate in the Greater Bendigo LGA is higher than average at 9,634 incidents per 100,000 population.
From an investment perspective, Quarry Hill offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($625K/$875K). The price-to-income ratio of 7.3x is considered moderate. House prices have moved +4.9% year-on-year.
Quarry Hill is a smaller suburb in Victoria within the Greater Bendigo local government area (postcode 3550). With a population of 2,365, the suburb has an established demographic with a median age of 40. Households earn a median income of $86K per year, with an average household size of 2.3 people. The most common occupations are professionals, community & personal service, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Quarry Hill is $625,000, having increased 4.9% over the past year. Units have a median price of $431,000 (+9.1% YoY). The current median weekly rent is $440. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,417.
Quarry Hill is served by 2 schools, including 2 primary. The average ICSEA score is 1050, which is above the national average of 1,000. Public transport access includes 1 rail station, 18 bus stops. The crime rate in the Greater Bendigo LGA is higher than average at 9,634 incidents per 100,000 population.
From an investment perspective, Quarry Hill offers a gross rental yield of 3.7%, rated as moderate yield. Property prices are near the state median ($625K/$875K). The price-to-income ratio of 7.3x is considered moderate. House prices have moved +4.9% year-on-year.