Willow Grove is a small community in Victoria within the Baw Baw local government area (postcode 3825). With a population of 654, the suburb has an established demographic with a median age of 42. Households earn a median income of $94K per year, with an average household size of 2.7 people. The most common occupations are managers, technicians & trades, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Willow Grove is $482,000, having surged 24.1% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,600.
Willow Grove is served by 1 school, including 1 primary. The average ICSEA score is 1002, which is around the national average of 1,000. The crime rate in the Baw Baw LGA is higher than average at 8,229 incidents per 100,000 population.
From an investment perspective, Willow Grove offers a gross rental yield of 4.9%, rated as moderate yield. Property prices sit below the state median ($482K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.1x is considered affordable. House prices have moved +24.1% year-on-year.
Willow Grove is a small community in Victoria within the Baw Baw local government area (postcode 3825). With a population of 654, the suburb has an established demographic with a median age of 42. Households earn a median income of $94K per year, with an average household size of 2.7 people. The most common occupations are managers, technicians & trades, professionals. The top ancestries reported are English, Australian, Scottish.
The median house price in Willow Grove is $482,000, having surged 24.1% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 4.9%. The median monthly mortgage repayment is $1,600.
Willow Grove is served by 1 school, including 1 primary. The average ICSEA score is 1002, which is around the national average of 1,000. The crime rate in the Baw Baw LGA is higher than average at 8,229 incidents per 100,000 population.
From an investment perspective, Willow Grove offers a gross rental yield of 4.9%, rated as moderate yield. Property prices sit below the state median ($482K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 5.1x is considered affordable. House prices have moved +24.1% year-on-year.