Located in Victoria within the Latrobe (Vic.) local government area, Traralgon East is a close-knit residential community (postcode 3844). It is home to about 1,780 residents, with a mature demographic and a median age of 46. Households earn a median income of $120K per year, with an average household size of 2.7 people. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Irish.
Traralgon East has a median house price of $830,000, which has posted strong gains by 5.7% year-on-year. The current median weekly rent is $420. This gives a gross rental yield of approximately 2.6%. The median monthly mortgage repayment is $1,700.
Public transport access includes 12 bus stops. The crime rate in the Latrobe (Vic.) LGA is higher than average at 17,840 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.6%, which reads as low yield. Property prices are near the state median ($830K/$875K). The price-to-income ratio of 6.9x is considered moderate. House prices have moved +5.7% year-on-year.