Located in Victoria within the Towong local government area, Tallangatta is a small locality (postcode 3700). With a population of 1,175, the suburb has a mature demographic with a median age of 48. Households earn a median income of $60K 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 +0.2% 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 technicians & trades, labourers, community & personal service. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are English, Australian, Irish.
Tallangatta has a median house price of $460,000, which has softened modestly by 2.1% year-on-year. The current median weekly rent is $330. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,128.
Tallangatta is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 991, which is around the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital. The crime rate in the Towong LGA is below average at 3,359 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 3.7% (moderate yield). Property prices sit below the state median ($460K/$875K), which can point to relative value. The price-to-income ratio of 7.7x is considered moderate. House prices have moved -2.1% year-on-year. Population growth of +0.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.