Wedderburn is a small community in Victoria within the Loddon local government area (postcode 3518). With a population of 951, the suburb has an older demographic with a median age of 58. Households earn a median income of $45K per year, with an average household size of 2 people. The most common occupations are clerical & administrative, labourers, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Wedderburn is $237,000, having dropped significantly 21% over the past year. The current median weekly rent is $375. This gives a gross rental yield of approximately 8.2%. The median monthly mortgage repayment is $802.
Wedderburn is served by 1 school, including 1 combined. The average ICSEA score is 926, which is below the national average of 1,000. Public transport access includes 3 bus stops. The crime rate in the Loddon LGA is moderate at 6,652 incidents per 100,000 population.
From an investment perspective, Wedderburn offers a gross rental yield of 8.2%, rated as high yield. Property prices sit below the state median ($237K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.3x is considered affordable. House prices have moved -21.0% year-on-year.
Wedderburn is a small community in Victoria within the Loddon local government area (postcode 3518). With a population of 951, the suburb has an older demographic with a median age of 58. Households earn a median income of $45K per year, with an average household size of 2 people. The most common occupations are clerical & administrative, labourers, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Wedderburn is $237,000, having dropped significantly 21% over the past year. The current median weekly rent is $375. This gives a gross rental yield of approximately 8.2%. The median monthly mortgage repayment is $802.
Wedderburn is served by 1 school, including 1 combined. The average ICSEA score is 926, which is below the national average of 1,000. Public transport access includes 3 bus stops. The crime rate in the Loddon LGA is moderate at 6,652 incidents per 100,000 population.
From an investment perspective, Wedderburn offers a gross rental yield of 8.2%, rated as high yield. Property prices sit below the state median ($237K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.3x is considered affordable. House prices have moved -21.0% year-on-year.