Ivanhoe East

POSTAL CODE: VIC, 3079
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Based on its average 5-year and quarterly capital gains IVANHOE EAST, 3079 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that IVANHOE EAST, 3079 obtained a 5.06% growth over a ten-year period. It ranks 3152nd on our list of suburbs that property investors should look into.

IVANHOE EAST, 3079 in VIC belongs to the local government area of Banyule.

IVANHOE EAST, 3079 has a capital gain of -2.92% for the past year, which is lower than average compared to its 30.84% growth within a five-year period.

With the median home price in IVANHOE EAST sitting at $2,427,000, and the average rent at $795, property owners could potentially earn a 1.7% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in IVANHOE EAST are low, as opposed to average gains per annum over the past five years.

Surburb overview

Ivanhoe East, located approximately 10 kilometres northeast of Melbourne's Central Business District, is a suburb of Banyule, Victoria. As of the 2021 census, it had 3,762 residents.

The suburb has leafy streets and abundant green spaces. Four parks cover nearly 27.1% of its total area, providing residents with ample opportunities for outdoor activities and contributing to its tranquil atmosphere.

Ivanhoe East boasts a well-equipped town centre featuring various amenities, such as retail stores, a church, a newsagent, a fruit store, a butcher, a milk bar, a supermarket, a bakery, and a community bank. These services cater to the daily needs of its residents.

The suburb is home to Ivanhoe East Primary School, providing educational facilities for young families. The predominant age group in Ivanhoe East is 50-59 years, and households are primarily couples with children, reflecting a family-oriented community.

Ivanhoe East offers a range of housing options. The median property price is approximately $2,270,000, and annual capital growth is -6.58%. Rental yields are around 1.92%, and the median weekly rent is $798.

Ivanhoe East's blend of natural beauty, accessible amenities, and peaceful atmosphere contributes to its appeal as a residential suburb in Melbourne's northeastern corridor.

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