The Basin is a smaller suburb in Victoria within the Knox local government area (postcode 3154). With a population of 4,497, the suburb has an established demographic with a median age of 40. Households earn a median income of $105K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in The Basin is $881,000, having increased 3.6% over the past year. The current median weekly rent is $530. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,950.
The Basin is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 1053, which is above the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Knox LGA is moderate at 6,424 incidents per 100,000 population.
From an investment perspective, The Basin offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($881K/$875K). The price-to-income ratio of 8.4x is considered moderate. House prices have moved +3.6% year-on-year.
The Basin is a smaller suburb in Victoria within the Knox local government area (postcode 3154). With a population of 4,497, the suburb has an established demographic with a median age of 40. Households earn a median income of $105K per year, with an average household size of 2.7 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in The Basin is $881,000, having increased 3.6% over the past year. The current median weekly rent is $530. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,950.
The Basin is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 1053, which is above the national average of 1,000. Public transport access includes 15 bus stops. The crime rate in the Knox LGA is moderate at 6,424 incidents per 100,000 population.
From an investment perspective, The Basin offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($881K/$875K). The price-to-income ratio of 8.4x is considered moderate. House prices have moved +3.6% year-on-year.