AREA REPORTS

Ironbark

 

 

VIC/
Ironbark

Suburb Profile

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

house

Property investors have seen a 6.4% 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 14.29%.

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 $320,000

Profits averaged 3.13% 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 $300 based on current median home prices for the suburb.

The gross rental yield in IRONBARK, 3550 is 4.88%.

An average of 1.75 real estate transactions take place per month in IRONBARK which translates to 21 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $320,000 N/A
GROWTH REPORT
Median Quarterly 6.4% N/A
Median 12 month 14.29% N/A
Median 3 years 9.4% N/A
Median 5 years 15.94% N/A
10 years average annual 3.54% N/A
Weekly media advert. rent $300 N/A
Time on Market 87.1 days N/A
Gross Rental Yield Percent 4.88% N/A
demographics (median values)
Total Population
1179
Weekly Household Income
765.6
Household Size
2.30
demographics
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