Winchelsea is a smaller suburb in Victoria within the Surf Coast local government area (postcode 3241). The area has roughly 2,456 residents and an established family demographic, with a median age of 41. Households earn a median income of $75K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% 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 technicians & trades, professionals, managers. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Irish.
Median house prices in Winchelsea stand at $645,000, having eased back by 0.8% over the last twelve months. The current median weekly rent is $580. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,560.
Winchelsea is served by 1 school, including 1 primary. The average ICSEA score is 978, which is around the national average of 1,000. Public transport access includes 2 rail stations. Healthcare facilities include 1 public hospital. The crime rate in the Surf Coast LGA is below average at 3,149 incidents per 100,000 population.
Looking at the investment signals, Winchelsea shows a gross rental yield of approximately 4.7%, rated as moderate yield. Property prices are near the state median ($645K/$875K). The price-to-income ratio of 8.6x is considered moderate. House prices have moved -0.8% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.