Tatura is a compact suburb in Victoria within the Greater Shepparton local government area (postcode 3616). It is home to about 4,955 residents, with a settled mid-life population and a median age of 44. Households earn a median income of $71K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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, labourers, managers. Employment in the area leans toward healthcare and manufacturing. The top ancestries reported are Australian, English, Irish.
The median house price in Tatura is $430,000, having dropped significantly by 9.5% over the past year. Units have a median price of $245,000 (-25.8% YoY). The current median weekly rent is $470. This gives a gross rental yield of approximately 5.7%. The median monthly mortgage repayment is $1,300.
Tatura is served by 2 schools, including 2 primary. The average ICSEA score is 1010, which is around the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Greater Shepparton LGA is higher than average at 14,955 incidents per 100,000 population.
From an investment perspective, Tatura shows a gross rental yield of approximately 5.7%, rated as high yield. Property prices sit below the state median ($430K/$875K), which can point to relative value. The price-to-income ratio of 6.1x is considered moderate. House prices have moved -9.5% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.