Located in Victoria within the Mitchell local government area, Upper Plenty is a sparsely populated locality (postcode 3756). The area has roughly 415 residents and a settled mid-life population, with a median age of 43. Households earn a median income of $88K per year, with an average household size of 2.7 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +4.2% year-on-year at the LGA level. 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 technicians & trades, professionals, managers. Employment in the area leans toward construction and retail trade. The top ancestries reported are Australian, English, Scottish.
The current median weekly rent is $460. The median monthly mortgage repayment is $2,167.
Upper Plenty is served by 1 school, including 1 primary. The average ICSEA score is 987, which is around the national average of 1,000. The crime rate in the Mitchell LGA is higher than average at 9,406 incidents per 100,000 population.
From an investment perspective, Population growth of +4.2% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.