Stratford is a smaller suburb in Victoria within the Wellington local government area (postcode 3862). With a population of 2,980, the suburb has an established demographic with a median age of 39. Households earn a median income of $74K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Stratford is $500,000, having increased 4.2% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,308.
Stratford is served by 2 schools, including 2 primary. The average ICSEA score is 996, which is around the national average of 1,000. Public transport access includes 2 rail stations, 6 bus stops. The crime rate in the Wellington LGA is higher than average at 12,111 incidents per 100,000 population.
From an investment perspective, Stratford offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($500K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +4.2% year-on-year.
Stratford is a smaller suburb in Victoria within the Wellington local government area (postcode 3862). With a population of 2,980, the suburb has an established demographic with a median age of 39. Households earn a median income of $74K per year, with an average household size of 2.5 people. The most common occupations are technicians & trades, community & personal service, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Stratford is $500,000, having increased 4.2% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $1,308.
Stratford is served by 2 schools, including 2 primary. The average ICSEA score is 996, which is around the national average of 1,000. Public transport access includes 2 rail stations, 6 bus stops. The crime rate in the Wellington LGA is higher than average at 12,111 incidents per 100,000 population.
From an investment perspective, Stratford offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($500K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.8x is considered moderate. House prices have moved +4.2% year-on-year.