Suburb Profile Report for Mirboo North VIC (3871)

Mirboo North House: Median price $305,000, Annual capital growth 5.61%, Number of sales 26, Weekly median advertised rent $255

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

Source: CoreLogic

  • House Report

VIC has seen average median house prices change by 7.80% which means that Mirboo North, 3871 has done well for property investors by showing a capital gain of 31.18% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Mirboo North comes in at number 433th in VIC.

Mirboo North, 3871 is offering VIC ‘s 167th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.

In the last year 26 properties changed hands in Mirboo North, which puts it as the 552th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Mirboo North being $305000 and the advertised rent reaching $255 the gross rental yield for property investors calculates out to be 4.35%

HOUSE UNIT
$305,000 N/A
9.42% N/A
31.18% N/A
5.61% N/A
$255 N/A
26 N/A
4.35% N/A
137.26 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 2296
Median household income ($/weekly) 944
Median age of persons 43
Median housing loan repayment ($/monthly) 1192
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 302 13.2
    35-44 years 296 12.9
    45-54 years 329 14.3
    55-64 years 331 14.4
    65-74 years 240 10.5
    Others 798 34.8
    Age Group
    Census Count Percent(%)
    Registered Married 893 55.7
    Not Married 546 34.0
    Defacto Relationship 165 10.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 1906 87.2
    Greece 22 1.0
    Japan 40 1.8
    United Kingdom 120 5.5
    Other 21 1.0
    Others 78 3.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 12 0.6
    Christianity 1252 61.5
    Islam 11 0.5
    Other Religious Groups 8 0.4
    No Religion 747 36.7
    Others 6 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 68 9.4
    $400-$599 102 14.0
    $600-$799 81 11.2
    $800-$999 84 11.6
    $1,500-$1,999 83 11.4
    Others 308 42.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 729 41.1
    Employed, worked full-time 527 29.7
    Employed, worked part-time 382 21.6
    Employed, away from work 82 4.6
    Unemployed, looking for work 52 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 139 14.1
    Professionals 174 17.6
    Technicians & trades workers 180 18.2
    Clerical & administrative workers 99 10.0
    Labourers 133 13.5
    Others 263 26.6
    Occupation
    Census Count Percent(%)
    Pre-school 43 8.0
    Infants/Primary 192 35.8
    Secondary 185 34.5
    Technical or Further Educational Institution 63 11.7
    University or other Tertiary Institutions 44 8.2
    Others 10 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2015 97.7
    Flat, unit or apartment 18 0.9
    Semi-detached, row or terrace house, townhouse 13 0.6
    House or flat attached to a shop, office 12 0.6
    Improvised home, tent, sleepers out 4 0.2
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 359 45.2
    Being purchased 321 40.4
    Rented 108 13.6
    Other tenure type 6 0.8
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals