Smythesdale VIC

Postcode 3351 · Golden Plains LGA

Smythesdale is a small community in Victoria within the Golden Plains local government area (postcode 3351). With a population of 1,189, the suburb has an established demographic with a median age of 39. Households earn a median income of $86K per year, with an average household size of 2.7 people. The most common occupations are technicians & trades, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Irish.

The median house price in Smythesdale is $586,000, having surged 12.2% over the past 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 offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($586K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +12.2% year-on-year.

INVESTMENT SIGNALS
Rental Yield4.1% Moderate Yield
Price vs State$586K/$875K Below Median
Affordability6.8x Moderate
Price Momentum+12.2% Rising
SEIFA INDEX (ABS)
Advantage6/10
Education3/10
Economic8/10
Disadvantage4/10
MEDIAN HOUSE
$586K
12.2% YoY
MEDIAN RENT /WK
$300
POPULATION
1,189
DEMOGRAPHICS
Median Age39
Household Size2.7
HH Income /wk$1,656
Personal Income /wk$717
Mortgage /mth$1,430
CRIME (Golden Plains LGA)
Crime Rate (per 100k)2,988
Total Incidents803
TRANSPORT
Bus Stops4
SCHOOLS (1)
Avg ICSEA993
Total Students326
Government1
Woady Yaloak Primary SchoolPrimary · Government · ICSEA 993
Data: 2023