Violet Town is a small community in Victoria within the Strathbogie local government area (postcode 3669). It is home to about 936 residents, with a more retirement-aged population and a median age of 57. Households earn a median income of $50K per year, with an average household size of 1.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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 managers, professionals, community & personal service. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are English, Australian, Irish.
The median house price in Violet Town is $200,000, broadly unchanged over the past year. The current median weekly rent is $485. This gives a gross rental yield of approximately 12.6%. The median monthly mortgage repayment is $1,092.
Violet Town is served by 1 school, including 1 primary. The average ICSEA score is 929, which is below the national average of 1,000. Public transport access includes 1 rail station. The crime rate in the Strathbogie LGA is moderate at 5,665 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 12.6%, which reads as high yield. Property prices sit below the state median ($200K/$875K), which can point to relative value. The price-to-income ratio of 4.0x is considered affordable. House prices have moved +0.0% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.