Tangambalanga (postcode 3691) is a close-knit residential community in Victoria within the Indigo local government area. The area has roughly 908 residents and a mix of young professionals and families, with a median age of 33. Households earn a median income of $99K per year, with an average household size of 2.8 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.8% 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 technicians & trades, professionals, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Irish.
Median house prices in Tangambalanga stand at $676,000, having climbed sharply by 21.2% over the last twelve months. The current median weekly rent is $480. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,614.
Tangambalanga is served by 1 school, including 1 primary. The average ICSEA score is 1010, which is around the national average of 1,000. Public transport access includes 1 bus stop. The crime rate in the Indigo LGA is below average at 3,341 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 ($676K/$875K). The price-to-income ratio of 6.8x is considered moderate. House prices have moved +21.2% year-on-year. Population growth of +0.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.