Suburb Profile Report for Myrtleford VIC (3737)

Myrtleford House: Median price $252,000, Annual capital growth 1.45%, Number of sales 54, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report

With a capital gain of -4.00% for the last 12 months, Myrtleford, 3737 has performed for property investments than its average annual 1.45% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Myrtleford,3737 has racked up an average of -4.00% over the period. This ranks it number 3223th in the whole country for real estate investors looking at median house price increases.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Myrtleford itself are offering an average vendor discount of -7.21% to real estate investors.

A $270 per week rent on the median house gives suburb investors a gross yield of circa 5.57%, without taking into account capital value appreciation, which has been averaging out at 1.45%.

Metrics i HOUSE UNIT
$252,000 N/A
-1.18% N/A
-4.00% N/A
1.45% N/A
$270 N/A
54 N/A
5.57% N/A
113.72 N/A

Source: CoreLogic

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