Wattle Glen is a small community in Victoria within the Nillumbik local government area (postcode 3096). With a population of 1,911, the suburb has an established family demographic with a median age of 42. Households earn a median income of $126K per year, with an average household size of 3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.4% 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 professionals, technicians & trades, managers. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Wattle Glen stand at $1.1 million, having climbed sharply by 18% over the last twelve months. The current median weekly rent is $580. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,167.
Wattle Glen is served by 1 school, including 1 primary. The average ICSEA score is 1055, which is above the national average of 1,000. Public transport access includes 3 rail stations. The crime rate in the Nillumbik LGA is below average at 3,681 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 2.9% (low yield). Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 8.3x is considered moderate. House prices have moved +18.0% year-on-year. Population growth of +0.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.