Suburb Profile Report for Ironbark VIC (3550)

Ironbark House: Median price $296,000, Annual capital growth 4.40%, Number of sales 27, Weekly median advertised rent $319

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report

Investment property in Ironbark has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.22%

The five-year average increase in median property values for Ironbark,3550 has given property investors a potential capital gain of -2.95% across each of those five years.

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 Ironbark, 3550. Typically our figures indicate that -9.41% is being offered, which puts this VIC suburb at 259th most discounted overall in Australia.

Situated 133.10km from the CBD, Ironbark is one of Greater Bendigo (C) localities in the postcode 3550.

Metrics i HOUSE UNIT
$296,000 N/A
1.02% N/A
-8.22% N/A
4.40% N/A
$319 N/A
27 N/A
5.60% N/A
69.8 N/A

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. 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 1080
Median household income ($/weekly) 949
Median age of persons 40
Median housing loan repayment ($/monthly) 1213
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 105 9.7
    25-34 years 127 11.8
    35-44 years 143 13.2
    45-54 years 162 15.0
    55-64 years 122 11.3
    Others 421 39.0
    Age Group
    Census Count Percent(%)
    Not Married 419 53.0
    Registered Married 294 37.2
    Defacto Relationship 78 9.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 943 94.1
    Hong Kong 6 0.6
    Japan 5 0.5
    New Zealand 6 0.6
    United Kingdom 30 3.0
    Others 12 1.2
    Country of Birth
    Census Count Percent(%)
    Christianity 626 65.2
    No Religion 314 32.7
    Other Religious Groups 12 1.3
    Buddhism 8 0.8
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 32 7.8
    $400-$599 57 14.0
    $600-$799 65 15.9
    $1,000-$1,249 45 11.0
    $1,250-$1,499 50 12.3
    Others 159 39.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 319 36.6
    Employed, worked full-time 301 34.6
    Employed, worked part-time 178 20.4
    Unemployed, looking for work 40 4.6
    Employed, away from work 33 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 61 11.9
    Professionals 111 21.6
    Technicians & trades workers 74 14.4
    Clerical & administrative workers 58 11.3
    Sales 72 14.0
    Others 138 26.8
    Occupation
    Census Count Percent(%)
    Pre-school 13 5.9
    Infants/Primary 65 29.5
    Secondary 58 26.4
    Technical or Further Educational Institution 30 13.6
    University or other Tertiary Institutions 49 22.3
    Others 5 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 860 89.7
    Flat, unit or apartment 68 7.1
    Semi-detached, row or terrace house, townhouse 28 2.9
    House or flat attached to a shop, office 3 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 171 39.4
    Being purchased 137 31.6
    Fully owned 126 29.0
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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