AREA REPORTS

Myrtleford

Suburb Profile

Myrtleford - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3737

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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 $288,285.

The upward trend in home prices in MYRTLEFORD, 3737 averaged 6.92% per annum over a 3-year period.

Average weekly rents on listings have reached the $295 mark, reflecting a 5.32% increase in returns based on the current median price in MYRTLEFORD.

An average of 5.67 real estate transactions take place per month in MYRTLEFORD which translates to 68 per annum.

68 properties were sold in MYRTLEFORD in 2016, making it the 114th most active market in VIC based on total real estate transactions.

MYRTLEFORD, 3737 places 567th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $288,285 N/A
GROWTH REPORT
Median Quarterly -2.28% N/A
Median 12 month 10.88% N/A
Median 3 years 20.75% N/A
Median 5 years 31.04% N/A
10 years average annual 3.53% N/A
Weekly media advert. rent $295 N/A
Time on Market 98.7 days N/A
Gross Rental Yield Percent 5.32% N/A
demographics (median values)
Total Population
3187
Weekly Household Income
672.7
Household Size
2.40
demographics
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