Ironbark

POSTAL CODE: VIC, 3550

HOUSE

Property investors have seen a 1.02% gain in IRONBARK based on an increase 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 $495,000

Profits averaged -1% 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 $470 based on current median home prices for the suburb.

The gross rental yield in IRONBARK, 3550 is 4.94%.

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	$495,000	N/A
Growth Report
Median Quarterly	1.02%	N/A
Median 12 month	2.06%	N/A
Median 3 years	-3.88%	N/A
Median 5 years	21.92%	N/A
10 years average annual	4.48%	N/A
Weekly media advert. rent	$470	N/A
Time on Market	50.2 days	N/A
Gross Rental Yield Percent	4.94%	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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