Located in Victoria within the Buloke local government area, Sea Lake is a small locality (postcode 3533). It is home to about 619 residents, with a settled, mature resident base and a median age of 51. Households earn a median income of $46K per year, with an average household size of 2.1 people. Recent annual estimates show population movement softening across the broader catchment, with population growth running at -0.6% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, labourers, professionals. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Irish.
The median house price in Sea Lake is $167,000, having declined steeply by 11.2% over the past year. The current median weekly rent is $340. This gives a gross rental yield of approximately 10.6%. 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 5,505 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 10.6%, which reads as high yield. Property prices sit below the state median ($167K/$850K), which can point to relative value. The price-to-income ratio of 3.6x is considered affordable. House prices have moved -11.2% year-on-year. Population growth of -0.6% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.