VIC/
Ironbark

Suburb Profile

Ironbark - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3550

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unit

Property investors have seen a -1.79% drop in IRONBARK based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains IRONBARK, 3550 saw average growth in the long term.

The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $275,000

Profits averaged -2.78% per annum over a 3-year period, due to an downward trend in home prices in IRONBARK, 3550.

This means, real estate investors could earn a rental income of $270 based on current median home prices for the suburb.

The gross rental yield in IRONBARK, 3550 is 5.11%.

An average of 1.92 real estate transactions take place per month in IRONBARK which translates to 23 per annum.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $275,000 $324,900
GROWTH REPORT
Median Quarterly -1.79% N/A
Median 12 month -22.81% N/A
Median 3 years -8.33% N/A
Median 5 years 0% N/A
10 years average annual 4.56% N/A
Weekly media advert. rent $270 $220
Time on Market 84.6 days 138.0 days
Gross Rental Yield Percent 5.11% 3.52%
demographics (median values)
Total Population
1179
Weekly Household Income
765.6
Household Size
2.30
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Ironbark, VIC
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