Located in Victoria within the Wellington local government area, Licola is a quiet locality (postcode 3858). It is home to about 7 residents, with a more retirement-aged population and a median age of 63. Households earn a median income of $39K per year, with an average household size of 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 +0.8% 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 current median weekly rent is $435.
The crime rate in the Wellington LGA is higher than average at 12,346 incidents per 100,000 population.
From an investment perspective, 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.