Seymour is a mid-sized suburb in Victoria within the Mitchell local government area (postcode 3660). The area has roughly 6,569 residents and a settled, mature resident base, with a median age of 45. Households earn a median income of $61K per year, with an average household size of 2.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +4.2% 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, technicians & trades, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Irish.
Median house prices in Seymour stand at $385,000, having dropped significantly by 13.5% over the last twelve months. Units have a median price of $222,000 (-11.2% YoY). The current median weekly rent is $410. This gives a gross rental yield of approximately 5.5%. The median monthly mortgage repayment is $1,300.
Seymour is served by 2 schools, including 2 combined. The average ICSEA score is 974, which is around the national average of 1,000. Public transport access includes 6 rail stations, 48 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Mitchell LGA is higher than average at 9,406 incidents per 100,000 population.
Looking at the investment signals, Seymour shows a gross rental yield of approximately 5.5%, 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 6.4x is considered moderate. House prices have moved -13.5% year-on-year. Population growth of +4.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.