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Ironbark
AREA REPORTS

Ironbark

Ironbark - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3550

house

Property investors have seen a -3.33% drop in IRONBARK based on a decrease 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 37.87%.

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 $420,500

Profits averaged 17.64% 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 $330 based on current median home prices for the suburb.

The gross rental yield in IRONBARK, 3550 is 4.08%.

An average of 2.25 real estate transactions take place per month in IRONBARK which translates to 27 per annum.

Data report can be found below

Ironbark
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $420,500 N/A
GROWTH REPORT
Median Quarterly -3.33% N/A
Median 12 month 37.87% N/A
Median 3 years 52.91% N/A
Median 5 years 62.98% N/A
10 years average annual 7.55% N/A
Weekly media advert. rent $330 N/A
Time on Market 76.4 days N/A
Gross Rental Yield Percent 4.08% N/A
demographics (median values)*
Total Population
40339
Weekly Household Income
1107
Household Size
2.30
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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