Weir Views is a smaller suburb in Victoria within the Melton local government area (postcode 3338). With a population of 4,348, the suburb has a young professional demographic with a median age of 27. Households earn a median income of $93K per year, with an average household size of 3.3 people. The most common occupations are machinery operators & drivers, community & personal service, professionals. The top ancestries reported are Australian, English, Indian.
The median house price in Weir Views is $566,000, having risen modestly 1.1% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,800.
Weir Views is served by 1 school, including 1 primary. The average ICSEA score is 1024, which is around the national average of 1,000. Public transport access includes 6 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Weir Views offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($566K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.1x is considered moderate. House prices have moved +1.1% year-on-year.
Weir Views is a smaller suburb in Victoria within the Melton local government area (postcode 3338). With a population of 4,348, the suburb has a young professional demographic with a median age of 27. Households earn a median income of $93K per year, with an average household size of 3.3 people. The most common occupations are machinery operators & drivers, community & personal service, professionals. The top ancestries reported are Australian, English, Indian.
The median house price in Weir Views is $566,000, having risen modestly 1.1% over the past year. The current median weekly rent is $470. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,800.
Weir Views is served by 1 school, including 1 primary. The average ICSEA score is 1024, which is around the national average of 1,000. Public transport access includes 6 bus stops. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
From an investment perspective, Weir Views offers a gross rental yield of 4.3%, rated as moderate yield. Property prices sit below the state median ($566K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.1x is considered moderate. House prices have moved +1.1% year-on-year.