Rushworth (postcode 3612) is a small community in Victoria within the Campaspe local government area. The area has roughly 1,411 residents and a predominantly older resident base, with a median age of 56. Households earn a median income of $44K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.1% 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 labourers, managers, professionals. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are English, Australian, Scottish.
Rushworth has a median house price of $385,000, which has moved higher by 4.9% year-on-year. The current median weekly rent is $460. This gives a gross rental yield of approximately 6.2%. The median monthly mortgage repayment is $997.
Rushworth is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 935, which is below the national average of 1,000. Public transport access includes 3 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Campaspe LGA is higher than average at 10,244 incidents per 100,000 population.
Looking at the investment signals, Rushworth shows a gross rental yield of approximately 6.2%, rated as high yield. Property prices sit below the state median ($385K/$875K), which can point to relative value. The price-to-income ratio of 8.7x is considered moderate. House prices have moved +4.9% year-on-year. Population growth of -0.1% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.