Suburb Profile Report for Myrtleford VIC (3737)

Myrtleford House: Median price $255,000, Annual capital growth 1.85%, Number of sales 56, Weekly median advertised rent $273

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

Source: CoreLogic

  • House Report

Over the last year, property investments in Myrtleford, 3737 have given investors a capital gain of 4.72%. This compares badly with the 7.80% for VIC as a whole.

Across a shorter period, Myrtleford, 3737 has seen a median price increase of -2.86% over the last quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.04% offered to property buyers. Sellers in Myrtleford itself are offering an average vendor discount of -5.43% to real estate investors.

A $272.5 per week rent on the median house gives suburb investors a gross yield of circa 5.56%, without taking into account capital value appreciation, which has been averaging out at 1.85%.

HOUSE UNIT
$255,000 N/A
-2.86% N/A
4.72% N/A
1.85% N/A
$273 N/A
56 N/A
5.56% N/A
102.25 N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
Find a mortgage broker in Myrtleford VIC
Demographics
Total population 3181
Median household income ($/weekly) 750
Median age of persons 47
Median housing loan repayment ($/monthly) 1170
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 357 11.2
    35-44 years 355 11.2
    45-54 years 464 14.6
    55-64 years 461 14.5
    65-74 years 365 11.5
    Others 1179 37.1
    Age Group
    Census Count Percent(%)
    Registered Married 1213 51.8
    Not Married 928 39.6
    Defacto Relationship 200 8.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 2532 82.3
    Japan 246 8.0
    Papua New Guinea 43 1.4
    United Kingdom 97 3.2
    Other 56 1.8
    Others 103 3.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 9 0.3
    Christianity 2339 79.9
    Islam 8 0.3
    Other Religious Groups 8 0.3
    No Religion 559 19.1
    Others 4 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 145 12.5
    $400-$599 226 19.6
    $600-$799 155 13.4
    $800-$999 121 10.5
    $1,500-$1,999 104 9.0
    Others 405 35.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1168 45.8
    Employed, worked full-time 738 29.0
    Employed, worked part-time 464 18.2
    Unemployed, looking for work 92 3.6
    Employed, away from work 87 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 149 11.6
    Professionals 147 11.4
    Technicians & trades workers 218 16.9
    Sales 155 12.0
    Labourers 197 15.3
    Others 423 32.8
    Occupation
    Census Count Percent(%)
    Pre-school 46 8.1
    Infants/Primary 207 36.3
    Secondary 210 36.8
    Technical or Further Educational Institution 63 11.0
    University or other Tertiary Institutions 25 4.4
    Others 20 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2728 93.8
    Flat, unit or apartment 100 3.4
    Semi-detached, row or terrace house, townhouse 47 1.6
    House or flat attached to a shop, office 21 0.7
    Caravan, cabin, houseboat 12 0.4
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 596 47.6
    Being purchased 327 26.1
    Rented 320 25.6
    Other tenure type 8 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals