Avoca

POSTAL CODE: VIC, 3467
HOUSE

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 8.42% growth over a ten-year period. It ranks 1002nd on our list of suburbs that property investors should look into.

AVOCA, 3467 has a capital gain of -2.93% for the past year, which is lower than average compared to its 37.94% growth within a five-year period.

With the median home price in AVOCA sitting at $393,125, and the average rent at N/A, property owners could potentially earn a N/A increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in AVOCA are low, as opposed to average gains per annum over the past five years.

AVOCA, 3467 in VIC belongs to the local government area of Pyrenees.

Surburb overview

Avoca is a regional township in central-west Victoria, approximately 180 kilometres north-west of Melbourne’s CBD and about 25 kilometres south-west of Maryborough within the Pyrenees Shire. Established during the Victorian gold rush, the township is located on the banks of the Avoca River. It serves as an important service centre for the surrounding agricultural and wine-producing district. Avoca is situated on the traditional lands of the Dja Dja Wurrung people.

According to the 2021 Australian Bureau of Statistics Census, Avoca had a population of 987 people with a median age of 55 years. Detached houses comprise the predominant housing type, with the township supporting a mix of families, retirees and long-term residents. Its economy is underpinned by agriculture, viticulture, tourism and local businesses serving the wider Pyrenees region.

Road access is provided via the Pyrenees Highway, connecting Avoca with Maryborough, Ararat, Ballarat and Melbourne. Regional bus services link the township with neighbouring communities, while the nearest V/Line rail services operate from Maryborough, Ararat and Ballarat, providing connections to Melbourne. Private vehicles remain the primary mode of transport for most residents due to the regional location.

Avoca provides a range of essential services, including a supermarket, cafés, medical services, a pharmacy, a primary school, community facilities, and a variety of retail businesses. Additional secondary education, government services and specialist healthcare are available in nearby Maryborough, Ararat and Ballarat, which serve as major regional centres for the district.

The township offers a variety of recreational and cultural opportunities. Residents and visitors have access to the Avoca River, walking trails, sporting reserves and parklands, while nearby attractions include the Avoca Chinese Garden, local wineries, vineyards and the Pyrenees wine region. The surrounding area also provides opportunities to explore state forests, regional parks, heritage attractions, farmers' markets and seasonal community events held throughout the Pyrenees Shire.

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