Traralgon is a large suburb in Victoria within the Latrobe (Vic.) local government area (postcode 3844). With a population of 26,907, the suburb has an established demographic with a median age of 39. Households earn a median income of $77K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Traralgon is $507,000, having risen modestly 1.4% over the past year. Units have a median price of $323,000 (-2.1% YoY). The current median weekly rent is $395. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,300.
Traralgon is served by 9 schools, including 6 primary, 2 secondary, 1 special. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 8 rail stations, 129 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Latrobe (Vic.) LGA is higher than average at 17,840 incidents per 100,000 population.
From an investment perspective, Traralgon offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($507K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.6x is considered moderate. House prices have moved +1.4% year-on-year.
Traralgon is a large suburb in Victoria within the Latrobe (Vic.) local government area (postcode 3844). With a population of 26,907, the suburb has an established demographic with a median age of 39. Households earn a median income of $77K per year, with an average household size of 2.3 people. The most common occupations are professionals, technicians & trades, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Traralgon is $507,000, having risen modestly 1.4% over the past year. Units have a median price of $323,000 (-2.1% YoY). The current median weekly rent is $395. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,300.
Traralgon is served by 9 schools, including 6 primary, 2 secondary, 1 special. The average ICSEA score is 982, which is around the national average of 1,000. Public transport access includes 8 rail stations, 129 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Latrobe (Vic.) LGA is higher than average at 17,840 incidents per 100,000 population.
From an investment perspective, Traralgon offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($507K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.6x is considered moderate. House prices have moved +1.4% year-on-year.