Irymple

POSTAL CODE: VIC, 3498
HOUSE

Property investors enjoyed capital gains of 7.85% over the last 12 months in IRYMPLE, translating to lower returns compared with its peers in VIC.

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

The suburb posted a 32.49% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $580 based on current median home prices for the suburb.

On average, rents on listings have reached the $580 mark, reflecting a 4.62% increase in returns based on the current median price in IRYMPLE.

IRYMPLE, 3498 ranks 244th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 57th on the list of best yielding suburbs for rental properties in VIC, posting a 4.62% return.

Surburb overview

Irymple is a regional township in north-western Victoria, approximately 540 kilometres north-west of Melbourne’s CBD and about 8 kilometres south-east of Mildura within the Mildura Rural City. Established through the Murray River irrigation settlement schemes in the early twentieth century, the township has grown into a significant residential and horticultural community, supporting the broader Sunraysia region. Irymple is located on the traditional lands of the First Peoples of the Millewa-Mallee, including the Latji Latji and Ngintait peoples.

According to the 2021 Australian Bureau of Statistics Census, Irymple had a population of 6,405 people with a median age of 39 years, making it one of the larger communities in the Mildura region. Detached houses comprise the predominant housing type, with a mix of established neighbourhoods, newer residential developments and rural lifestyle properties. The township supports a diverse population, with horticulture, education, retail and service industries contributing to the local economy.

Road access is provided via the Calder Highway, Sturt Highway and local arterial roads, connecting Irymple with Mildura, Red Cliffs, Merbein and Melbourne. Regional bus services link the township with Mildura and neighbouring communities, while Mildura Airport provides regular commercial flights to Melbourne, Adelaide and Sydney. Private vehicles remain the principal mode of transport for residents, supported by the township's proximity to Mildura.

Irymple provides a comprehensive range of essential services, including supermarkets, medical centres, pharmacies, primary and secondary schools, childcare facilities, cafés, sporting reserves and local retail businesses. Residents also benefit from convenient access to the extensive commercial, government, tertiary education and specialist healthcare services available in nearby Mildura.

The township offers a wide range of recreational opportunities centred on its community facilities and surrounding natural environment. Residents and visitors have access to sporting complexes, parks, walking and cycling paths. Nearby attractions include the Murray River, local wineries, cellar doors, and horticultural experiences throughout the Sunraysia region. The locality is also within easy reach of Mildura's arts precinct, riverfront attractions, festivals, farmers' markets and the natural environments of Hattah-Kulkyne National Park and Murray-Sunset National Park.

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