Property value increases in Irymple have tracked just higher than the VIC average of 14.59% over the last 12 months.
Over the longer term, Irymple has seen property prices show investors a 48.14% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Irymple is $437000, with sellers offering an average of -5.34% off the asking price.
In the last year 69 properties changed hands in Irymple, which puts it as the 377th most active market in VIC when comparing the number of sales per suburb.
Situated 470.20km from the CBD, Irymple is one of Mildura (RC) localities in the postcode 3498.
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Median house price: $277,762.5
Three-year growth: 20.8%
Rental yield: 6.0%
In far northwest Victoria, Irymple is a community-oriented rural suburb that appeals to families. Houses are very affordable here, adding to its appeal.
However, the suburb’s potential has been slipping, with prices falling by 2.5% in the 12 months to July 2018, and then by another 5.8% in the July 2018 quarter. Nonetheless, investors continue to enjoy strong returns of 6% of weekly rent rates of $320 on average. Moreover, houses spend only 55 days on the market.
Irymple is the site of several schools, such as Irymple Primary School, Irymple South Primary School, Irymple Secondary College and Mildura Christian College. There is also a strong emphasis on sports in this area – the local football and netball club plays in the Sunraysia league, and the suburb has a basketball association. There are also clubs for soccer, lawn bowls, bocce and swimming.