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Myrtleford
AREA REPORTS

Myrtleford

Myrtleford - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3737

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MYRTLEFORD, 3737 ranks 257th on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 26.32% for property investors.

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

The 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 $390,000.

The upward trend in home prices in MYRTLEFORD, 3737 averaged 10.73% per annum over a 3-year period.

Average weekly rents on listings have reached the $320 mark, reflecting a 4.27% increase in returns based on the current median price in MYRTLEFORD.

An average of 5.33 real estate transactions take place per month in MYRTLEFORD which translates to 64 per annum.

64 properties were sold in MYRTLEFORD in 2016, making it the 129th most active market in VIC based on total real estate transactions.

MYRTLEFORD, 3737 places 432nd in Australia based on median property value growth during the quarter.

Data report can be found below

Myrtleford
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $390,000 N/A
GROWTH REPORT
Median Quarterly 2.63% N/A
Median 12 month 26.32% N/A
Median 3 years 32.2% N/A
Median 5 years 56% N/A
10 years average annual 7.22% N/A
Weekly media advert. rent $320 N/A
Time on Market 75.7 days N/A
Gross Rental Yield Percent 4.27% N/A
demographics (median values)*
Total Population
4303
Weekly Household Income
944
Household Size
2.20
Age
50
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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