Suburb Profile Report for Ironbark VIC (3550)

Ironbark House: Median price $347,500, Annual capital growth 6.25%, Number of sales 21, Weekly median advertised rent $280

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

Source: CoreLogic

  • House Report

Investment property in Ironbark has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 37.35%

The five-year average increase in median property values for Ironbark,3550 has given property investors a potential capital gain of 19.42% across each of those five years.

At number 406th of VIC’s most discounted properties, Ironbark is in the TOP 40% of the state/territory when listing in order of most discounted to least.

Advertised rents are around the $280 mark per week – giving a return of 4.19% based on the median price in Suburb

Metrics i HOUSE UNIT
$347,500 N/A
-2.46% N/A
37.35% N/A
6.25% N/A
$280 N/A
21 N/A
4.19% N/A
106.94 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Below average (H)
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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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