Located in Victoria within the Bass Coast local government area, Silverleaves is a small, quiet locality (postcode 3922). With a population of 322, the suburb has a more retirement-aged population with a median age of 61. Households earn a median income of $67K per year, with an average household size of 1.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +2.1% 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 professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and accommodation & food. The top ancestries reported are English, Australian, Irish.
The median house price in Silverleaves is $975,000, having declined steeply by 14.3% over the past year. The current median weekly rent is $480. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,875.
The crime rate in the Bass Coast LGA is higher than average at 8,622 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.6% (low yield). Property prices are near the state median ($975K/$875K). The price-to-income ratio of 14.4x is considered stretched. House prices have moved -14.3% year-on-year. Population growth of +2.1% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.