Dunolly (postcode 3472) is a close-knit residential community in Victoria within the Central Goldfields local government area. The area has roughly 899 residents and a predominantly older resident base, with a median age of 58. Households earn a median income of $37K per year, with an average household size of 1.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.5% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, technicians & trades, community & personal service. Employment in the area leans toward manufacturing and healthcare. The top ancestries reported are English, Australian, Scottish.
Dunolly has a median house price of $325,000, which has eased back by 3% year-on-year. The current median weekly rent is $380. This gives a gross rental yield of approximately 6.1%. The median monthly mortgage repayment is $780.
Dunolly is served by 1 school, including 1 primary. The average ICSEA score is 952, which is around the national average of 1,000. Public transport access includes 2 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Central Goldfields LGA is higher than average at 9,822 incidents per 100,000 population.
From an investment perspective, Dunolly shows a gross rental yield of approximately 6.1%, rated as high yield. Property prices sit below the state median ($325K/$850K), which can point to relative value. The price-to-income ratio of 8.7x is considered moderate. House prices have moved -3.0% year-on-year. Population growth of +0.5% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.