Mirboo North

POSTAL CODE: VIC, 3871

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 $495,000.

The downward trend in home prices in MIRBOO NORTH, 3871 averaged -4.89% per annum over a 3-year period.

Average weekly rents on listings have reached the $432.5 mark, reflecting a 4.54% increase in returns based on the current median price in MIRBOO NORTH.

An average of 1.92 real estate transactions take place per month in MIRBOO NORTH which translates to 23 per annum.

23 properties were sold in MIRBOO NORTH in 2016, making it the 433rd most active market in VIC based on total real estate transactions.

MIRBOO NORTH, 3871 places 488th 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	$495,000	N/A
Growth Report
Median Quarterly	0.51%	N/A
Median 12 month	0.2%	N/A
Median 3 years	-14.66%	N/A
Median 5 years	29.07%	N/A
10 years average annual	7.92%	N/A
Weekly media advert. rent	$433	N/A
Time on Market	116.2 days	N/A
Gross Rental Yield Percent	4.54%	N/A

Demographics (Median Values)*

Total Population 2902

Weekly Household Income 1093

Household Size 2.40

Average Age 47

Monthly Loan Repayment 1289

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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