Suburb Profile Report for Mirboo North VIC (3871)

Mirboo North House: Median price $267,500, Annual capital growth 3.04%, Number of sales 24, Weekly median advertised rent $265

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

Source: CoreLogic

  • House Report

At number 3644th in the list of Australian suburbs ordered by increase in median house value over the last year, Mirboo North, 3871 is in the BOTTOM 20% with a property value increase of -6.14% recorded in median house prices.

Over the longer term, Mirboo North has seen property prices show investors a 7.00% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Mirboo North is giving property investors an average Vendor Discount of around -6.44%. This puts suburb at number 137th in VIC when ranking the most discounted suburbs.

At number 2410 in a list of fastest selling suburbs, Mirboo North is in the bottom 40% of suburbs in Australia with an average of days on market 88.5 for properties listed there.

Advertised rents are around the $265 mark per week – giving a return of 5.15% based on the median price in Suburb

Metrics i HOUSE UNIT
$267,500 N/A
-6.47% N/A
-6.14% N/A
3.04% N/A
$265 N/A
24 N/A
5.15% N/A
88.5 N/A

Source: CoreLogic

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