Tecoma is a smaller suburb in Victoria within the Yarra Ranges local government area (postcode 3160). With a population of 2,064, the suburb has an established demographic with a median age of 42. Households earn a median income of $105K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Tecoma is $865,000, having increased 3.2% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,733.
Tecoma is served by 1 school, including 1 primary. The average ICSEA score is 1080, which is above the national average of 1,000. Public transport access includes 3 rail stations, 16 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Tecoma offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($865K/$875K). The price-to-income ratio of 8.2x is considered moderate. House prices have moved +3.2% year-on-year.
Tecoma is a smaller suburb in Victoria within the Yarra Ranges local government area (postcode 3160). With a population of 2,064, the suburb has an established demographic with a median age of 42. Households earn a median income of $105K per year, with an average household size of 2.6 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Tecoma is $865,000, having increased 3.2% over the past year. The current median weekly rent is $525. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $1,733.
Tecoma is served by 1 school, including 1 primary. The average ICSEA score is 1080, which is above the national average of 1,000. Public transport access includes 3 rail stations, 16 bus stops. The crime rate in the Yarra Ranges LGA is moderate at 5,164 incidents per 100,000 population.
From an investment perspective, Tecoma offers a gross rental yield of 3.2%, rated as moderate yield. Property prices are near the state median ($865K/$875K). The price-to-income ratio of 8.2x is considered moderate. House prices have moved +3.2% year-on-year.