Stanhope is a small locality in Victoria within the Campaspe local government area (postcode 3623). With a population of 826, the suburb has an older-leaning population with a median age of 49. Households earn a median income of $59K per year, with an average household size of 2.2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.1% 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 managers, labourers, technicians & trades. Employment in the area leans toward agriculture and manufacturing. The top ancestries reported are Australian, English, Irish.
Median house prices in Stanhope stand at $357,000, having edged higher by 1.1% over the last twelve months. The current median weekly rent is $460. This gives a gross rental yield of approximately 6.7%. The median monthly mortgage repayment is $888.
Stanhope is served by 1 school, including 1 primary. The average ICSEA score is 844, which is well below the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Campaspe LGA is higher than average at 10,244 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 6.7%, which reads as high yield. Property prices sit below the state median ($357K/$875K), which can point to relative value. The price-to-income ratio of 6.1x is considered moderate. House prices have moved +1.1% year-on-year. Population growth of -0.1% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.