Research is a smaller suburb in Victoria within the Nillumbik local government area (postcode 3095). With a population of 2,695, the suburb has an established demographic with a median age of 44. Households earn a median income of $150K per year, with an average household size of 3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Research is $1.3 million, having surged 27.2% over the past year. The current median weekly rent is $540. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,300.
Research is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1116, which is well above the national average of 1,000. Public transport access includes 16 bus stops. The crime rate in the Nillumbik LGA is below average at 3,681 incidents per 100,000 population.
From an investment perspective, Research offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 8.8x is considered moderate. House prices have moved +27.2% year-on-year.
Research is a smaller suburb in Victoria within the Nillumbik local government area (postcode 3095). With a population of 2,695, the suburb has an established demographic with a median age of 44. Households earn a median income of $150K per year, with an average household size of 3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Research is $1.3 million, having surged 27.2% over the past year. The current median weekly rent is $540. This gives a gross rental yield of approximately 2.1%. The median monthly mortgage repayment is $2,300.
Research is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1116, which is well above the national average of 1,000. Public transport access includes 16 bus stops. The crime rate in the Nillumbik LGA is below average at 3,681 incidents per 100,000 population.
From an investment perspective, Research offers a gross rental yield of 2.1%, rated as low yield. Property prices are above the state median ($1.3M/$875K), placing it in the premium segment. The price-to-income ratio of 8.8x is considered moderate. House prices have moved +27.2% year-on-year.