Tongala is a small community in Victoria within the Campaspe local government area (postcode 3621). With a population of 1,973, the suburb has an established demographic with a median age of 41. Households earn a median income of $63K per year, with an average household size of 2.4 people. The most common occupations are labourers, technicians & trades, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Tongala is $450,000, having surged 11% over the past year. The current median weekly rent is $414. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,127.
Tongala is served by 2 schools, including 2 primary. The average ICSEA score is 980, which is around the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Campaspe LGA is higher than average at 10,244 incidents per 100,000 population.
From an investment perspective, Tongala offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($450K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.1x is considered moderate. House prices have moved +11.0% year-on-year.
Tongala is a small community in Victoria within the Campaspe local government area (postcode 3621). With a population of 1,973, the suburb has an established demographic with a median age of 41. Households earn a median income of $63K per year, with an average household size of 2.4 people. The most common occupations are labourers, technicians & trades, managers. The top ancestries reported are Australian, English, Scottish.
The median house price in Tongala is $450,000, having surged 11% over the past year. The current median weekly rent is $414. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,127.
Tongala is served by 2 schools, including 2 primary. The average ICSEA score is 980, which is around the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the Campaspe LGA is higher than average at 10,244 incidents per 100,000 population.
From an investment perspective, Tongala offers a gross rental yield of 4.8%, rated as moderate yield. Property prices sit below the state median ($450K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.1x is considered moderate. House prices have moved +11.0% year-on-year.