Avoca
Household income in the 9.4th percentile nationally, yet a median house price of $415,000 that has grown 127.4% since 2013 tells a story of affordability with quiet capital appreciation. Avoca is a small central Victorian town of 1,356 residents spread across 102.81 km2, giving a density of just 13.2 people per km2, far below state and national averages. The median age of 51 sits 11 years above the national figure, and 53.7% of households own their home outright, more than double the national rate, reflecting a settled, mortgage-free ownership culture. High vacancy at 10.6% and a very low IRSAD decile of 2 point to structural challenges that define the investment trade-offs.
Population
1,356
Median Age
51.0
Household IncomeiMedian weekly household income (ABS Census)
$923/wk
DAs (12 months)iDevelopment Applications lodged in the past year
2
Median House
$415K
Apr-Jun 2024
The median house price reached $415,000 in Apr-Jun 2024, up 127.4% from $182,500 in 2013, a compound annual growth rate of 6.0% over 14 years. Prices are currently at their peak, with no pullback from the high. Monthly mortgage repayments average $1,056, producing a mortgage-to-income ratio of 26.4%, below the 30% stress threshold, making Avoca one of the more manageable markets for buyers compared to most Victorian towns. Detached houses dominate at 96.0% of the dwelling stock, with three-bedroom homes the most common at 53.1% and four-or-more bedroom homes at 20.4%. For buyers seeking affordability well below the state median, Avoca delivers, though the low household income percentile of 9.4 nationally signals that local demand drivers are limited.
For Buyers
The median house price reached $415,000 in Apr-Jun 2024, up 127.4% from $182,500 in 2013, a compound annual growth rate of 6.0% over 14 years. Prices are currently at their peak, with no pullback from the high. Monthly mortgage repayments average $1,056, producing a mortgage-to-income ratio of 26.4%, below the 30% stress threshold, making Avoca one of the more manageable markets for buyers compared to most Victorian towns. Detached houses dominate at 96.0% of the dwelling stock, with three-bedroom homes the most common at 53.1% and four-or-more bedroom homes at 20.4%. For buyers seeking affordability well below the state median, Avoca delivers, though the low household income percentile of 9.4 nationally signals that local demand drivers are limited.
For Investors
Weekly rent of $210 against a $415,000 median implies a gross yield near 2.6%, low by regional standards. The 10.6% vacancy rate is an important signal: more than 1 in 10 dwellings sits empty, which is significantly higher than the national average and reflects weak rental demand relative to supply in this small market. Annual population growth is 0.61%, adding roughly 22 persons per year, which provides thin but steady demand support. Net internal migration averages 34 persons per year and overseas migration adds 8, suggesting Avoca draws modest net arrivals rather than experiencing outflow. With only 1 development application in the past 12 months, new supply is not a meaningful risk. The investment case rests on affordability and long-run capital growth rather than rental yield.
Development Activity
Total DAs
9
Last 12 Months
2
YoY ChangeiYear-over-year change in DA lodgements
-50.0%
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Avoca iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Avoca Primary School
Prep-6 · 94 students
Demographics
The median age of 51 is 11 years above the national figure, placing Avoca firmly among Victoria's older regional towns. The senior share grew 7.8 points over the decade while the working-age share fell 5.4 points, an aging trajectory that is reshaping household composition. Overseas-born residents account for just 8.7% of the population, which is 12.9 percentage points below national, one of the lower overseas-born shares in the state. Ancestry is predominantly Anglo-Celtic, led by English (593 residents), Scottish (173) and Irish (151). University qualifications sit at 18.5%, which is 11.6 points below the national rate, consistent with the IRSAD decile 2 score reflecting lower educational attainment. The average household size of 2.2 is 0.3 below the national average, aligning with the older couples-without-children profile, where 37.1% of families are couples with no children.
Age Distribution
Bedrooms
Dwelling Structure
96.0%
Houses
3.5%
Townhouse
N/A
Apartment
Tenure
Tenure in Avoca is dominated by outright ownership: 53.7% own without a mortgage, compared to the national average that sits well below 40%, while only 16.7% rent, one of the lowest renter shares you will find in Victoria. Mortgage holders make up just 29.6%, and the mortgage-to-income ratio of 26.4% sits comfortably below stress levels. The dwelling stock is almost entirely separate houses at 96.0%, with semi-detached at 3.5% and virtually no apartments. Three-bedroom homes are the norm at 53.1%, with four-plus at 20.4% and two-bedroom at 23.6%. Prices peaked at $415,000 in Apr-Jun 2024, up from a trough of $165,000 in 2016, a 151.5% recovery. The long-run CAGR of 6.0% over 14 years puts Avoca modestly above what inflation alone would explain.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$1,056
Rent / wk
$210
HH Size
2.2
Personal Income / wk
$503
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
10.6%
Unoccupied
66
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
22.8%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
26.4%
Community Profile
Ancestry
Household Composition
37.1%
Couples, no children
965
Total families
Economy & Employment
Healthcare is the largest employer at 22.3% of the local workforce (63 workers), followed by Agriculture at 11.7% (33) and Manufacturing at 11.3% (32), with Construction at 7.8% and Education at 7.1%. This mix of primary industries and essential services is typical of small inland Victorian towns and explains why the SEIFA IRSAD decile sits at 2, among the lower-advantage tiers nationally. By occupation, Managers lead at 82 workers, followed by Labourers (73) and Community/Personal service workers (71). The unemployment rate is 4.3% and full-time employment runs at 58.8% of those employed. Real incomes grew 12.2% over the decade, but household weekly income of $923 remains in the 9.4th percentile nationally, meaning 90% of Australian households earn more. The labour force participation rate of 39.0% is low, driven by the high proportion of retirees and non-working residents.
Unemployment
5.1%
Labour Force
1,623
Unemployed
83
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
58.8%
Part-time
36.9%
Participation
39.0%
Employed
427
Occupations
Top Industries
University
18.5%
Postgraduate
4.3%
Born Overseas
8.7%
Dwellings
550
Transport to Work
Car dependence is high, with 82.9% of residents driving to work, well above national averages, and only 1.2% using public transport, which reflects the limited services available in a rural town 180 km from Melbourne. Walking and cycling account for a notable 9.5%, above what many larger towns record. The crime rate of 28.8 incidents per 1,000 residents is low in absolute terms, with 39 total offences recorded, dominated by property and deception offences (23) and crimes against the person (11). The suburb scores decile 2 on IRSAD, the second-lowest advantage tier nationally, meaning most comparable communities have higher resource levels. Volunteering runs at an unusually high 22.1%, well above national rates, reflecting the community engagement typical of established rural towns where social networks are strong. No schools are recorded within the suburb boundary in this dataset, so families rely on institutions in surrounding areas.
Drive
82.9%
Public Transport
1.2%
Walk / Cycle
9.5%
Work from Home
N/A
Population Forecast
+0.61%/yr
(+22 people/yr)
EstablishedPopulation grew 7.0% over the past decade, a modest but positive trend compared to many similarly sized inland towns that have stagnated. The current 1,356 residents are forecast to reach roughly 1,400 by 2031 under the medium scenario, equating to about 22 additional persons per year at the current 0.61% annual rate. Migration is balanced, with net internal arrivals averaging 34 per year and overseas migration adding 8, meaning Avoca draws more residents in than it loses. The gentrification score of 39 with a stage of early signs suggests some price pressure beginning, consistent with the 127.4% cumulative price growth since 2013. Affordability has remained stable across the decade, moving from 37.4% in 2011 to 38.8% in 2021, confirming that the price gains have tracked income growth rather than outpacing it.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Balanced
Net Overseas / yr
+8
Net Internal / yr
+34
Gentrification Signal
Not gentrifying
Safety & Crime
Total Offences
39
Year ending June 2024
Rate per 1,000 People
28.8
Offence Categories
Source: Crime Statistics Agency Victoria / SA Police
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Avoca compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Avoca a good suburb to live in?
Avoca suits buyers seeking rural affordability, with a $415,000 median house price and a mortgage-to-income ratio of 26.4%, below stress levels. The crime rate is low at 28.8 per 1,000 residents, 53.7% of households own their home outright, and volunteering runs at 22.1%. The main trade-offs are a SEIFA IRSAD decile of 2 (lower advantage nationally) and very limited public transport.
What is the median house price in Avoca?
The median house price is $415,000, recorded in Apr-Jun 2024 and at its historic peak. Prices have grown 127.4% from $182,500 in 2013, a 14-year CAGR of 6.0%. Weekly rent averages $210 and monthly mortgage repayments are approximately $1,056, giving a manageable mortgage-to-income ratio of 26.4%.
What schools are in Avoca?
No schools are recorded inside the Avoca suburb boundary in this dataset. Families rely on schools in surrounding central Victorian towns. The local university qualification rate is 18.5%, which is 11.6 percentage points below the national figure, consistent with the regional workforce profile dominated by healthcare, agriculture and trades.
Is Avoca safe?
Avoca recorded 39 total offences with a crime rate of 28.8 per 1,000 residents, which is low for a regional town. Property and deception offences accounted for 23 incidents and crimes against the person for 11. The suburb scores IRSAD decile 2 nationally, though the low absolute crime count reflects the small population of 1,356.
Is Avoca good for property investment?
Weekly rent of $210 against a $415,000 median implies a gross yield near 2.6%, below most regional benchmarks. The 10.6% vacancy rate signals weak rental demand. Positives include 127.4% cumulative price growth since 2013, a 6.0% CAGR, low new supply with only 1 development application in 12 months, and modest but steady population growth of 0.61% annually.
How is Avoca's population changing?
The population grew 7.0% over the past decade and is currently 1,356, increasing at 0.61% per year, adding roughly 22 residents annually. Net internal migration averages 34 arrivals per year and overseas migration adds 8. The profile is aging, with the senior share up 7.8 points and the working-age share down 5.4 points over the decade, a trend forecast to continue through 2031.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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