Suburb Profile Report for Mirboo North VIC (3871)

Mirboo North House: Median price $281,000, Annual capital growth 5.25%, Number of sales 28, Weekly median advertised rent $255

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

Source: CoreLogic

  • House Report

Mirboo North has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.20% to date .

The five-year average increase in median property values for Mirboo North,3871 has given property investors a potential capital gain of 8.70% across each of those five years.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.00% offered to property buyers. Sellers in Mirboo North itself are offering an average vendor discount of -7.69% to real estate investors.

Using the current median advertised rental of $255 and the average annual increase in value of a median property of 5.25%, investors should hope to achieve an overall return of 4.72%

Metrics i HOUSE UNIT
$281,000 N/A
-3.10% N/A
10.20% N/A
5.25% N/A
$255 N/A
28 N/A
4.72% N/A
133 N/A

Source: CoreLogic

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