Located in Victoria within the Northern Grampians local government area, St Arnaud is a smaller suburb (postcode 3478). It is home to about 2,318 residents, with an older-leaning population and a median age of 52. Households earn a median income of $48K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% 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, community & personal service, managers. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are English, Australian, Scottish.
St Arnaud has a median house price of $275,000, which has eased back by 1.8% year-on-year. The current median weekly rent is $400. This gives a gross rental yield of approximately 7.6%. The median monthly mortgage repayment is $867.
St Arnaud is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 981, which is around the national average of 1,000. Public transport access includes 4 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Northern Grampians LGA is higher than average at 13,475 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 7.6% (high yield). Property prices sit below the state median ($275K/$875K), which can point to relative value. The price-to-income ratio of 5.7x is considered affordable. House prices have moved -1.8% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.