Yallourn North
At $273,800, the median house price in Yallourn North sits more than 40% below the Victorian state median, making it one of the most affordable entry points in the Latrobe Valley. All dwellings are separate houses, a rarity that reflects the suburb's rural-residential character across 80.77 square kilometres. The household income percentile ranks at 29.2 nationally, so the low prices correlate directly with lower income levels rather than hidden value. The population of 1,511 has grown only 5.9% over the decade, and the median age of 42 is 2 years above the national figure, pointing to an established, slowly aging community where stability rather than rapid change defines the outlook.
Population
1,511
Median Age
42.0
Household IncomeiMedian weekly household income (ABS Census)
$1,276/wk
DAs (12 months)iDevelopment Applications lodged in the past year
1
Median House
$274K
Apr-Jun 2024
The median house price of $273,800 as of April to June 2024 is well below the Victorian median, and mortgage repayments average $953 per month, producing a mortgage-to-income ratio of 17.2%, comfortably below the 30% stress threshold. Every dwelling in the suburb is a separate house, with three-bedroom homes dominating at 59.9% of stock and four-plus bedroom homes accounting for 23.8%. The price peaked at $347,000 in April to June 2023 and has since fallen 21.1%, meaning buyers today are entering 21.1% below the recent peak. Since 2013, prices have still risen 102.8% from $135,000, a compound annual growth rate of 5.2% over 14 years. Outright owners make up 42.1% of households compared to 44.2% carrying a mortgage, which reflects an older ownership base with significant equity.
For Buyers
The median house price of $273,800 as of April to June 2024 is well below the Victorian median, and mortgage repayments average $953 per month, producing a mortgage-to-income ratio of 17.2%, comfortably below the 30% stress threshold. Every dwelling in the suburb is a separate house, with three-bedroom homes dominating at 59.9% of stock and four-plus bedroom homes accounting for 23.8%. The price peaked at $347,000 in April to June 2023 and has since fallen 21.1%, meaning buyers today are entering 21.1% below the recent peak. Since 2013, prices have still risen 102.8% from $135,000, a compound annual growth rate of 5.2% over 14 years. Outright owners make up 42.1% of households compared to 44.2% carrying a mortgage, which reflects an older ownership base with significant equity.
For Investors
Yallourn North presents a mixed picture for investors. Weekly rent of $220 against a $273,800 median implies a gross yield around 4.2%, higher than most metropolitan suburbs and above the national average for regional Victoria. However, the vacancy rate of 11.4% is elevated, signalling weak rental demand relative to supply and limiting the reliability of that yield. Only 13.8% of households rent, which is low by national standards, so the rental pool is shallow. Development activity is minimal at 1 application in the past 12 months. Net internal migration averages 36 arrivals per year while overseas migration adds 6, providing modest but stable demand support. The suburb's gentrification score is 4 out of 100, classified as not gentrifying, so capital growth is unlikely to accelerate above the 5.2% long-run CAGR.
Development Activity
Total DAs
1
Last 12 Months
1
YoY ChangeiYear-over-year change in DA lodgements
—
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Yallourn North iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Yallourn North Primary School
Prep-6 · 100 students
Demographics
The median age of 42 is 2.0 years above the national figure, and the aging trajectory is pronounced: the senior share rose 6.0 points while the working-age share fell 2.8 points over the decade. Overseas-born residents account for just 8.0% of the population, which is 13.6 percentage points below the national average, reflecting a predominantly locally born community. Ancestry is strongly Anglo-Celtic, led by English (584 residents), Scottish (160) and Irish (113). University qualifications reach only 11.4%, which is 18.7 points below the national figure, consistent with a blue-collar and trades-oriented workforce. The average household size of 2.4 is marginally below the national figure. About 15.8% of residents volunteer, and 7.0% require daily assistance, a share that will likely grow as the population continues aging.
Age Distribution
Bedrooms
Dwelling Structure
100.0%
Houses
N/A
Townhouse
N/A
Apartment
Tenure
All 100% of dwellings in Yallourn North are separate houses, compared to a national mix that includes significant apartment and semi-detached stock. The bedroom distribution concentrates at three bedrooms (59.9%) with four-plus rooms accounting for 23.8%, a profile suited to families. Tenure splits into 42.1% outright owners, 44.2% on a mortgage and 13.8% renting, a pattern typical of established regional towns where long-term residents have paid down debt. The median price of $273,800 has risen 102.8% since 2013 but sits 21.1% below its April to June 2023 peak of $347,000. Both mortgage stress (17.2% of income) and rent stress (17.2% of income) are below the 30% threshold, meaning housing costs are not a significant burden relative to local incomes.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$953
Rent / wk
$220
HH Size
2.4
Personal Income / wk
$659
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
11.4%
Unoccupied
77
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
17.2%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
17.2%
Community Profile
Ancestry
Household Composition
31.3%
Couples, no children
1,174
Total families
Economy & Employment
Healthcare dominates the local industry mix at 25.7% of employed residents (109 workers), roughly double its national share, because the Latrobe Valley's ageing population drives sustained demand for care services. Construction follows at 12.3%, Public Administration at 9.4% and Utilities at 9.2%, the last reflecting the region's legacy in power generation. Occupations align with this industrial base: Community and Personal service workers (106) and Labourers (105) are the two largest groups, ahead of Professionals (73). The SEIFA IEO decile is 2, indicating that education and occupation levels rank in the bottom 20% nationally. Unemployment sits at 7.2%, above the national average, and the participation rate of 52.8% is low, partly because 444 residents are not in the labour force. Real incomes grew 14.2% over the decade, a modest gain below national trend.
Unemployment
2.5%
Labour Force
2,747
Unemployed
69
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
60.9%
Part-time
31.9%
Participation
52.8%
Employed
608
Occupations
Top Industries
University
11.4%
Postgraduate
2.1%
Born Overseas
8.0%
Dwellings
597
Transport to Work
Car dependency is extreme: 92.8% of residents drive to work, and the suburb's 80.77 square kilometre area means destinations are spread out compared to urban centres. The crime rate of 117.8 incidents per 1,000 residents is high relative to the national average, driven by property and deception offences (72 incidents) and crimes against the person (59 incidents). No schools are recorded inside the suburb boundary, so families depend on facilities in neighbouring Morwell and Traralgon. The IRSAD decile of 3 places Yallourn North in the lower third nationally for relative socioeconomic advantage, and the IEO decile of 2 confirms limited access to education and economic participation. On the positive side, mortgage and rent stress both run at 17.2% of income, well below the national stress threshold of 30%, and the community has a volunteering rate of 15.8%.
Drive
92.8%
Public Transport
N/A
Walk / Cycle
2.2%
Work from Home
N/A
Population Forecast
+0.5%/yr
(+25 people/yr)
EstablishedPopulation growth is slow at 0.5% per year, adding roughly 25 people annually, and the 10-year increase of 5.9% is well below the national growth rate. The medium forecast holds the broader SA2 population near 4,888 to 5,015 through 2031, suggesting no acceleration is expected. Balanced migration is the primary driver, with net internal arrivals averaging 36 per year and overseas migration adding 6. The gentrification score of 4 out of 100 classifies the suburb as not gentrifying, and the affordability ratio has been effectively stable, moving from 32.0% in 2011 to 33.5% in 2021. The only meaningful structural signal is rent growth of 47.1% over the period, which outpaced income growth of 14.2% and has compressed affordability at the rental end, even as purchase prices remain low by state comparison.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Balanced
Net Overseas / yr
+6
Net Internal / yr
+36
Gentrification Signal
Not gentrifying
Population +11% since 2011
Safety & Crime
Total Offences
178
Year ending June 2024
Rate per 1,000 People
117.8
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 Yallourn North compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Yallourn North a good suburb to live in?
Yallourn North suits buyers who prioritise affordability and space. The median house price is $273,800, well below the Victorian median, and mortgage costs run at 17.2% of income, below the 30% stress threshold. The IRSAD decile of 3 places it in the lower third nationally for advantage, the crime rate is elevated at 117.8 per 1,000, and there are no recorded schools inside the suburb boundary.
What is the median house price in Yallourn North?
The median house price was $273,800 in the April to June 2024 quarter, down 21.1% from the recent peak of $347,000 in April to June 2023. Since 2013, prices have risen 102.8% from $135,000, a 5.2% compound annual rate over 14 years. Monthly mortgage repayments average $953.
What schools are in Yallourn North?
No schools are recorded inside the Yallourn North suburb boundary in this dataset. Families typically access schools in nearby Morwell and Traralgon. University qualifications among local residents stand at 11.4%, which is 18.7 percentage points below the national figure, reflecting the broader regional education profile.
Is Yallourn North safe?
The recorded crime rate is 117.8 incidents per 1,000 residents, which is high compared to the state average. The largest categories are property and deception offences (72 incidents) and crimes against the person (59 incidents) out of 178 total recorded offences. The IRSAD decile of 3 indicates higher relative disadvantage, which tends to correlate with elevated crime rates.
Is Yallourn North good for property investment?
The gross rental yield is around 4.2% based on $220 weekly rent and a $273,800 median, higher than most Melbourne suburbs. The offsetting risks are a vacancy rate of 11.4%, which is elevated, a shallow renter share of only 13.8%, minimal development activity (1 DA in 12 months), and a gentrification score of 4 out of 100, indicating limited capital growth upside.
How is Yallourn North's population changing?
Growth is slow at 0.5% per year, adding about 25 residents annually. Over the past decade the population rose 5.9%, below the national rate. The suburb is aging: the senior share increased 6.0 points over 10 years while working-age residents fell 2.8 points. Medium forecasts project the broader SA2 area reaching approximately 5,015 residents by 2031.
What industries employ people in Yallourn North?
Healthcare is the largest employer at 25.7% of the workforce (109 workers), followed by Construction at 12.3% and Utilities at 9.2%. The utilities figure reflects the Latrobe Valley's power generation heritage. Unemployment is 7.2%, above the national average, and only 52.8% of residents participate in the labour force.
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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