Timboon is a close-knit residential community in Victoria within the Corangamite local government area (postcode 3268). It is home to about 1,250 residents, with a settled, mature resident base and a median age of 47. Households earn a median income of $64K 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 -0.3% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, labourers, technicians & trades. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Scottish.
Median house prices in Timboon stand at $447,000, having declined by 6.3% over the last twelve months. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,200.
Timboon is served by 1 school, including 1 combined. The average ICSEA score is 1006, which is around the national average of 1,000. Public transport access includes 3 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Corangamite LGA is moderate at 6,238 incidents per 100,000 population.
On the investment side, Timboon shows a gross rental yield of approximately 4.7%, rated as moderate yield. Property prices sit below the state median ($447K/$850K), which can point to relative value. The price-to-income ratio of 6.9x is considered moderate. House prices have moved -6.3% year-on-year. Population growth of -0.3% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.