Yallourn North is a close-knit residential community in Victoria within the Latrobe (Vic.) local government area (postcode 3825). It is home to about 1,511 residents, with an established family demographic and a median age of 42. Households earn a median income of $66K per year, with an average household size of 2.4 people. 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, community & personal service, labourers. Employment in the area leans toward healthcare and construction. The top ancestries reported are Australian, English, Scottish.
Median house prices in Yallourn North stand at $330,000, having moved higher by 3.3% over the last twelve months. The current median weekly rent is $420. This gives a gross rental yield of approximately 6.6%. The median monthly mortgage repayment is $953.
Yallourn North is served by 1 school, including 1 primary. The average ICSEA score is 936, which is below the national average of 1,000. Public transport access includes 14 bus stops. The crime rate in the Latrobe (Vic.) LGA is higher than average at 17,840 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 6.6%, which reads as high yield. Property prices sit below the state median ($330K/$875K), which can point to relative value. The price-to-income ratio of 5.0x is considered affordable. House prices have moved +3.3% year-on-year.