Wedderburn is a close-knit residential community in Victoria within the Loddon local government area (postcode 3518). With a population of 951, the suburb has a more retirement-aged population with a median age of 58. Households earn a median income of $45K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.0% 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 clerical & administrative, labourers, managers. Employment in the area leans toward public admin & safety and agriculture. The top ancestries reported are English, Australian, Scottish.
The median house price in Wedderburn is $237,000, having declined steeply by 21% over the past year. The current median weekly rent is $380. This gives a gross rental yield of approximately 8.3%. 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.
Looking at the investment signals, Gross rental yield sits at around 8.3% (high yield). Property prices sit below the state median ($237K/$875K), which can point to relative value. The price-to-income ratio of 5.3x is considered affordable. House prices have moved -21.0% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.