Suburb Profile Report for Ironbark VIC (3550)

Ironbark House: Median price $346,250, Annual capital growth 4.42%, Number of sales 22, Weekly median advertised rent $280

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Giving property investors a a solid capital gain of 25.91% for the last year, Ironbark, 3550 is the 211th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ironbark has increased when compared to the 5 year average annual rate.

Property investors looking for a bargain in Ironbark should be aiming for at least -2.84% off the asking price, which is the average vendor discount being achieved at the moment.

Property investors should expect to get $280 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$346,250 N/A
10.80% N/A
25.91% N/A
4.42% N/A
$280 N/A
22 N/A
4.21% N/A
81.14 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 1080
Median household income ($/weekly) 949
Median age of persons 40
Median housing loan repayment ($/monthly) 1213
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 105 9.7
    25-34 years 127 11.8
    35-44 years 143 13.2
    45-54 years 162 15.0
    55-64 years 122 11.3
    Others 421 39.0
    Age Group
    Census Count Percent(%)
    Not Married 419 53.0
    Registered Married 294 37.2
    Defacto Relationship 78 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 943 94.1
    Hong Kong 6 0.6
    Japan 5 0.5
    New Zealand 6 0.6
    United Kingdom 30 3.0
    Others 12 1.2
    Country of Birth
    Census Count Percent(%)
    Christianity 626 65.2
    No Religion 314 32.7
    Other Religious Groups 12 1.3
    Buddhism 8 0.8
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 32 7.8
    $400-$599 57 14.0
    $600-$799 65 15.9
    $1,000-$1,249 45 11.0
    $1,250-$1,499 50 12.3
    Others 159 39.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 319 36.6
    Employed, worked full-time 301 34.6
    Employed, worked part-time 178 20.4
    Unemployed, looking for work 40 4.6
    Employed, away from work 33 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 61 11.9
    Professionals 111 21.6
    Technicians & trades workers 74 14.4
    Clerical & administrative workers 58 11.3
    Sales 72 14.0
    Others 138 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 13 5.9
    Infants/Primary 65 29.5
    Secondary 58 26.4
    Technical or Further Educational Institution 30 13.6
    University or other Tertiary Institutions 49 22.3
    Others 5 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 860 89.7
    Flat, unit or apartment 68 7.1
    Semi-detached, row or terrace house, townhouse 28 2.9
    House or flat attached to a shop, office 3 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 171 39.4
    Being purchased 137 31.6
    Fully owned 126 29.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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