Myrtleford

POSTAL CODE: VIC, 3737

HOUSE

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 $610,000.

The downward trend in home prices in MYRTLEFORD, 3737 averaged -0.22% per annum over a 3-year period.

Average weekly rents on listings have reached the $430 mark, reflecting a 3.67% increase in returns based on the current median price in MYRTLEFORD.

An average of 3.75 real estate transactions take place per month in MYRTLEFORD which translates to 45 per annum.

45 properties were sold in MYRTLEFORD in 2016, making it the 216th most active market in VIC based on total real estate transactions.

MYRTLEFORD, 3737 places 258th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$610,000	N/A
Growth Report
Median Quarterly	2.61%	N/A
Median 12 month	5.17%	N/A
Median 3 years	-0.65%	N/A
Median 5 years	60.53%	N/A
10 years average annual	10.27%	N/A
Weekly media advert. rent	$430	N/A
Time on Market	151 days	N/A
Gross Rental Yield Percent	3.67%	N/A

Demographics (Median Values)*

Total Population 4303

Weekly Household Income 944

Household Size 2.20

Average 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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