Located in Victoria within the Southern Grampians local government area, Tarrenlea is a small, quiet locality (postcode 3315). The area has roughly 25 residents and an older-leaning population, with a median age of 49. Households earn a median income of $117K 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 +0.2% 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 top ancestries reported are Australian, English, Irish.
The current median weekly rent is $380. The median monthly mortgage repayment is $1,647.
The crime rate in the Southern Grampians LGA is moderate at 7,662 incidents per 100,000 population.
From an investment perspective, 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.