Smythesdale is a small locality in Victoria within the Golden Plains local government area (postcode 3351). The area has roughly 1,189 residents and a settled mid-life population, with a median age of 39. Households earn a median income of $86K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.5% 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 technicians & trades, community & personal service, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Irish.
Smythesdale has a median house price of $586,000, which has risen steeply by 12.2% year-on-year. The current median weekly rent is $460. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,430.
Smythesdale is served by 1 school, including 1 primary. The average ICSEA score is 993, which is around the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Golden Plains LGA is below average at 2,988 incidents per 100,000 population.
From an investment perspective, Smythesdale shows a gross rental yield of approximately 4.1%, rated as moderate yield. Property prices sit below the state median ($586K/$875K), which can point to relative value. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +12.2% year-on-year. Population growth of +1.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.