Ironbark

POSTAL CODE: VIC, 3550

HOUSE

Property investors have seen a 4% gain in IRONBARK based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on IRONBARK, 3550 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 10.05%.

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 $520,000

Profits averaged 0% per annum over a 3-year period, due to an upward trend in home prices in IRONBARK, 3550.

This means, real estate investors could earn a rental income of $480 based on current median home prices for the suburb.

The gross rental yield in IRONBARK, 3550 is 4.8%.

An average of 3 real estate transactions take place per month in IRONBARK which translates to 36 per annum.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$520,000	N/A
Growth Report
Median Quarterly	4%	N/A
Median 12 month	10.05%	N/A
Median 3 years	0.97%	N/A
Median 5 years	23.66%	N/A
10 years average annual	5.25%	N/A
Weekly media advert. rent	$480	N/A
Time on Market	39.4 days	N/A
Gross Rental Yield Percent	4.8%	N/A

Demographics (Median Values)*

Total Population 40339

Weekly Household Income 1107

Household Size 2.30

Average Age 39

Monthly Loan Repayment 1300

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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