Located in Victoria within the Melton local government area, Strathtulloh is a compact suburb (postcode 3338). The area has roughly 3,997 residents and a younger, working-age population, with a median age of 29. Households earn a median income of $114K per year, with an average household size of 3.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +5.8% 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, technicians & trades, machinery operators & drivers. Employment in the area leans toward healthcare and transport & logistics. The top ancestries reported are Australian, Indian, English.
Median house prices in Strathtulloh stand at $614,000, having softened modestly by 2.5% over the last twelve months. The current median weekly rent is $480. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,950.
Strathtulloh is served by 1 school, including 1 primary. The average ICSEA score is 1024, which is around the national average of 1,000. Public transport access includes 3 rail stations, 6 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Strathtulloh shows a gross rental yield of approximately 4.1%, rated as moderate yield. Property prices are near the state median ($614K/$875K). The price-to-income ratio of 5.4x is considered affordable. House prices have moved -2.5% year-on-year. Population growth of +5.8% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.