Winter Valley (postcode 3358) is a smaller residential area in Victoria within the Ballarat local government area. With a population of 3,440, the suburb has a younger, working-age population with a median age of 29. Households earn a median income of $105K per year, with an average household size of 2.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.7% 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 professionals, technicians & trades, community & personal service. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, Scottish.
The median house price in Winter Valley is $553,000, having fallen by 4.7% over the past year. The current median weekly rent is $420. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,600.
Public transport access includes 3 bus stops. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
Looking at the investment signals, Winter Valley shows a gross rental yield of approximately 3.9%, rated as moderate yield. Property prices sit below the state median ($553K/$875K), which can point to relative value. The price-to-income ratio of 5.3x is considered affordable. House prices have moved -4.7% year-on-year. Population growth of +1.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.