Located in Victoria within the Greater Bendigo local government area, Strathfieldsaye is a medium-sized suburb (postcode 3551). With a population of 6,850, the suburb has a mix of families and early-career residents with a median age of 36. Households earn a median income of $116K per year, with an average household size of 3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 professionals, clerical & administrative, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Strathfieldsaye has a median house price of $700,000, holding roughly steady year-on-year. The current median weekly rent is $493. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,733.
Strathfieldsaye is served by 2 schools, including 2 primary. The average ICSEA score is 1066, which is above the national average of 1,000. Public transport access includes 46 bus stops. The crime rate in the Greater Bendigo LGA is higher than average at 9,634 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 3.7% (moderate yield). Property prices are near the state median ($700K/$875K). The price-to-income ratio of 6.0x is considered moderate. House prices have moved +0.0% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.