Suburb Profile Report for Ivanhoe VIC (3079)

Ivanhoe House: Median price $1,286,000, Annual capital growth 6.87%, Number of sales 78, Weekly median advertised rent $585

Ivanhoe Unit: Median price $471,000, Annual capital growth 1.81%, Number of sales 78, Weekly median advertised rent $440

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report
  • Unit Report

VIC has seen average median house prices change by -1.69% which means that Ivanhoe, 3079 has not done well for property investors by showing a capital gain of -19.63% over the last year

Over the longer term, Ivanhoe has seen property prices show investors a -7.15% return over the last 3 years. This is worse than over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Ivanhoe, 3079. Typically our figures indicate that -7.42% is being offered, which puts this VIC suburb at 1196th most discounted overall in Australia.

In the last year 78 properties changed hands in Ivanhoe, which puts it as the 300th most active market in VIC when comparing the number of sales per suburb.

Property investors should expect to get $585 weekly from the median priced house in this suburb.

Property value increases in Ivanhoe have tracked lower than the VIC average of 0.10% over the last 12 months.

Taking the average capital gain, or increase in median house value, Ivanhoe,3079 has racked up an average of -35.12% over the period. This ranks it number 1435th in the whole country for real estate investors looking at median house price increases.

The most recent median price for Ivanhoe is $471000, with sellers offering an average of -3.98% off the asking price.

With the median price for a house in Ivanhoe being $471000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 4.86%

Jamie Hyndman Information supplied by:

Jamie Hyndman
Yellow Brick Road Wealth Management

M 1300 789 150
O 0409 973 915

W www.YBRRosanna.com.au
E askus@ybrrosanna.com.au
Located 10km north east of Melbourne, Ivanhoe is a typically affluent leafy suburb of Melbourne. With the post office first opening in 1874, Ivanhoe has a long history, and as such retains some of Melbourne’s grandest properties.
 
Ivanhoe offers some of Melbourne’s most exclusive private schools, Ivanhoe Grammar and Ivanhoe Girls Grammar schools. 
 
Ivanhoe is well known for the Christmas light display held along Ivanhoe’s The Boulevard.
 
Also recognisable in Ivanhoe is ‘The Centre Ivanhoe’, an Art Deco former town hall, with a clock tower visible from some distance. 
 
At number 644th in the list of Australian suburbs ordered by increase in median house value over the last year, Ivanhoe, 3079 is in the top 20% with a property value increase of 8.84% recorded in median house prices.
 
Over the longer term, Ivanhoe has seen property prices show investors a 2.55% return over the last 3 years. This is an improvement over the last 12 months.
 
The most recent median price for Ivanhoe is $985000, with sellers offering an average of -12.86% off the asking price.
 
With the median price for a house in Ivanhoe being $985000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 2.38%
 
Selling points: 
Local schools and amenities including Ivanhoe Grammar School and Ivanhoe Girls Grammar School.
Access to the Austin Hospital and LaTrobe University. 
Ease of access to Melbourne CBD.  
 
Most sought-after properties: 
Quality existing property with high end finishes on larger blocks. 
 
Most common properties:  
Quality existing property on large parcels of land. 
 
Top amenities: 
Upper Heidelberg Road shopping strip including restaurants, fashion stores, and many fine cafes. 
 
Local industry and business:
Zanetti’s Café Bar & Restaurant
Barrio Restaurant
Thai Lantern Restaurant
 
Recent changes: 
Some high end town houses are becoming available as older properties are subdivided.  
 
Best streets: 
The Boulevard
Any of the smaller streets between Upper Heidelberg Road and Studley Road
 
Public transport: 
Ivanhoe Train Station
Bus Services
 
Main arteries: 
Upper Heidelberg Road leading into Heidelberg Road
Metrics i HOUSE UNIT
$1,286,000 $471,000
-6.13% -6.40%
-19.63% -35.12%
6.87% 1.81%
$585 $440
78 78
2.37% 4.86%
62.4081632653061 62.1304347826087

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 11085
Median household income ($/weekly) 1599
Median age of persons 38
Median housing loan repayment ($/monthly) 2167
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1372 12.4
    25-34 years 1507 13.6
    35-44 years 1674 15.1
    45-54 years 1690 15.2
    55-64 years 1384 12.5
    Others 3459 31.2
    Age Group
    Census Count Percent(%)
    Registered Married 4088 48.6
    Not Married 3647 43.3
    Defacto Relationship 685 8.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 7881 74.0
    Croatia 314 2.9
    Japan 268 2.5
    United Kingdom 401 3.8
    Other 422 4.0
    Others 1361 12.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 241 2.4
    Christianity 6172 60.7
    Hinduism 175 1.7
    Islam 114 1.1
    No Religion 3359 33.1
    Others 102 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 288 7.5
    $1,500-$1,999 437 11.4
    $2,000-$2,499 352 9.2
    $2,500-$2,999 458 12.0
    $3,000-$3,499 317 8.3
    Others 1979 51.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3560 40.8
    Not in the labour force 2694 30.9
    Employed, worked part-time 1915 22.0
    Employed, away from work 283 3.2
    Unemployed, looking for work 268 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 883 15.3
    Professionals 2224 38.6
    Technicians & trades workers 450 7.8
    Clerical & administrative workers 846 14.7
    Sales 476 8.3
    Others 879 15.3
    Occupation
    Census Count Percent(%)
    Pre-school 200 6.6
    Infants/Primary 909 30.1
    Secondary 794 26.3
    Technical or Further Educational Institution 168 5.6
    University or other Tertiary Institutions 847 28.0
    Others 102 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7485 71.3
    Semi-detached, row or terrace house, townhouse 1634 15.6
    Flat, unit or apartment 1362 13.0
    House or flat attached to a shop, office 15 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1564 37.8
    Rented 1286 31.1
    Being purchased 1256 30.3
    Other tenure type 34 0.8
    Tenure Type
Census 2011, ABS
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