VIC has seen average median house prices change by 3.76% which means that Irymple, 3498 has done well for property investors by showing a capital gain of 6.53% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Irymple has increased when compared to the 5 year average annual rate.
Vendor discounting in Irymple is giving property investors an average Vendor Discount of around -6.88%. This puts suburb at number 99th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 6.92 sales per month, which equates to 83 per year.
Using the current median advertised rental of $355 and the average annual increase in value of a median property of 4.44%, investors should hope to achieve an overall return of 5.95%
The VIC suburb of Irymple, 3498 is in the Mildura (RC) local government area.
In far northwest Victoria, Irymple is a community-oriented rural suburb that appeals to families. Houses are very affordable here, adding to its appealFull summary
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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.Close