Yea is a small locality in Victoria within the Murrindindi local government area (postcode 3717). With a population of 1,789, the suburb has a more retirement-aged population with a median age of 56. Households earn a median income of $54K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.6% 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 construction and healthcare. The top ancestries reported are English, Australian, Scottish.
Median house prices in Yea stand at $525,000, having fallen by 4.5% over the last twelve months. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.0%. The median monthly mortgage repayment is $1,408.
Yea is served by 3 schools, including 2 primary, 1 secondary. The average ICSEA score is 975, which is around the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital. The crime rate in the Murrindindi LGA is moderate at 5,639 incidents per 100,000 population.
From an investment perspective, Yea shows a gross rental yield of approximately 4.0%, rated as moderate yield. Property prices sit below the state median ($525K/$875K), which can point to relative value. The price-to-income ratio of 9.7x is considered moderate. House prices have moved -4.5% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.