Rushworth is a small community in Victoria within the Campaspe local government area (postcode 3612). With a population of 1,411, the suburb has an older demographic with a median age of 56. Households earn a median income of $44K per year, with an average household size of 2 people. The most common occupations are labourers, managers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Rushworth is $385,000, having increased 4.9% over the past year. The current median weekly rent is $414. This gives a gross rental yield of approximately 5.6%. 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.
From an investment perspective, Rushworth offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($385K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.7x is considered moderate. House prices have moved +4.9% year-on-year.
Rushworth is a small community in Victoria within the Campaspe local government area (postcode 3612). With a population of 1,411, the suburb has an older demographic with a median age of 56. Households earn a median income of $44K per year, with an average household size of 2 people. The most common occupations are labourers, managers, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Rushworth is $385,000, having increased 4.9% over the past year. The current median weekly rent is $414. This gives a gross rental yield of approximately 5.6%. 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.
From an investment perspective, Rushworth offers a gross rental yield of 5.6%, rated as high yield. Property prices sit below the state median ($385K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.7x is considered moderate. House prices have moved +4.9% year-on-year.