Sea Lake is a small community in Victoria within the Buloke local government area (postcode 3533). With a population of 619, the suburb has a mature demographic with a median age of 51. Households earn a median income of $46K per year, with an average household size of 2.1 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Sea Lake is $167,000, having dropped significantly 11.2% over the past year. The current median weekly rent is $280. This gives a gross rental yield of approximately 8.7%. The median monthly mortgage repayment is $650.
Sea Lake is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 978, which is around the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Buloke LGA is moderate at 4,877 incidents per 100,000 population.
From an investment perspective, Sea Lake offers a gross rental yield of 8.7%, rated as high yield. Property prices sit below the state median ($167K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 3.6x is considered affordable. House prices have moved -11.2% year-on-year.
Sea Lake is a small community in Victoria within the Buloke local government area (postcode 3533). With a population of 619, the suburb has a mature demographic with a median age of 51. Households earn a median income of $46K per year, with an average household size of 2.1 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Sea Lake is $167,000, having dropped significantly 11.2% over the past year. The current median weekly rent is $280. This gives a gross rental yield of approximately 8.7%. The median monthly mortgage repayment is $650.
Sea Lake is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 978, which is around the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Buloke LGA is moderate at 4,877 incidents per 100,000 population.
From an investment perspective, Sea Lake offers a gross rental yield of 8.7%, rated as high yield. Property prices sit below the state median ($167K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 3.6x is considered affordable. House prices have moved -11.2% year-on-year.