Rhyll is a close-knit residential community in Victoria within the Bass Coast local government area (postcode 3923). With a population of 836, the suburb has a predominantly older resident base with a median age of 60. Households earn a median income of $65K per year, with an average household size of 2.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.1% 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, technicians & trades. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Rhyll stand at $970,000, having surged by 28.9% over the last twelve months. The current median weekly rent is $480. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,606.
Rhyll is served by 1 school, including 1 combined. The average ICSEA score is 1083, which is above the national average of 1,000. Public transport access includes 12 bus stops. The crime rate in the Bass Coast LGA is higher than average at 8,622 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.6% (low yield). Property prices are near the state median ($970K/$875K). The price-to-income ratio of 14.9x is considered stretched. House prices have moved +28.9% year-on-year. Population growth of +2.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.