Rutherglen is a smaller suburb in Victoria within the Indigo local government area (postcode 3685). With a population of 2,579, the suburb has a mature demographic with a median age of 48. Households earn a median income of $68K per year, with an average household size of 2.3 people. The most common occupations are labourers, professionals, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Rutherglen is $550,000, having surged 14.8% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,300.
Rutherglen is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 988, which is around the national average of 1,000. Public transport access includes 7 bus stops. The crime rate in the Indigo LGA is below average at 3,341 incidents per 100,000 population.
From an investment perspective, Rutherglen offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($550K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.1x is considered moderate. House prices have moved +14.8% year-on-year.
Rutherglen is a smaller suburb in Victoria within the Indigo local government area (postcode 3685). With a population of 2,579, the suburb has a mature demographic with a median age of 48. Households earn a median income of $68K per year, with an average household size of 2.3 people. The most common occupations are labourers, professionals, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Rutherglen is $550,000, having surged 14.8% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,300.
Rutherglen is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 988, which is around the national average of 1,000. Public transport access includes 7 bus stops. The crime rate in the Indigo LGA is below average at 3,341 incidents per 100,000 population.
From an investment perspective, Rutherglen offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($550K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 8.1x is considered moderate. House prices have moved +14.8% year-on-year.