Taylors Hill (postcode 3037) is a well-established suburb in Victoria within the Melton local government area. With a population of 15,419, the suburb has a blend of families and working-age professionals with a median age of 35. Households earn a median income of $123K per year, with an average household size of 3.5 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, clerical & administrative, managers. Employment in the area leans toward retail trade and construction. The top ancestries reported are Australian, English, Maltese.
The median house price in Taylors Hill is $885,000, having softened modestly by 2.4% over the past year. Units have a median price of $552,000 (-2.2% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 2.8%. The median monthly mortgage repayment is $2,000.
Taylors Hill is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1050, which is above the national average of 1,000. Public transport access includes 35 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
On the investment side, The gross rental yield works out to roughly 2.8%, which reads as low yield. Property prices are near the state median ($885K/$875K). The price-to-income ratio of 7.2x is considered moderate. House prices have moved -2.4% 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.