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Ironbark, VIC 3550

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Ironbark, VIC 3550 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Ironbark, VIC 3550”

  1. The total adult population (15 years or older) of Ironbark 3550 VIC is 999, with a median age of 41. Of those, 30.93% are married, 17.42% are divorced or separated, 44.04% are single and 7.31% are widowed.

    The average household size is 2.1 people per dwelling, and the median household monthly income is estimated to be $7,500. The median monthly mortgage repayment for households in this suburb is $1,300 which is 17.33% of their earnings.

    Source: ABS Census Data (2021)

  2. Ironbark 3550 is situated in Victoria and hosts an approximate total of 694 households. This residential suburb has seen house prices sitting at a median of $574,049 for the third quarter of 2023. Respective houses have fetched a median weekly rent of $383 which translates to an indicative yield of 3.47%, which is above the country’s minimum attractive yield requirement of 3%.

    Ironbark boasts an IRSAD score of 927 out of 1217, depicting a higher socio-economic standing of its residents – a factor that adds to the appeal to home seekers. The renter to owner ratio sits at a slightly higher level of 44%, indicating a somewhat significant presence of renters. However, the balance is in favour of owners, which can be positive for the long-term returns and neighbourhood ‘vibe’.

    The ratio of units to houses remains low at 15%, indicating a market that is primarily saturated with houses and less competition among landlords for tenancy. Such a market commonly attracts families who tend to lease for longer durations, potentially benefiting rental yield consistency.

    The affordability index rests at exactly 30 years for individuals aspiring to fully own a property in Ironbark, factoring in variables such as the prevailing interest rates and median family income. It therefore still sits on the favourable side of the affordability index threshold according to the standard 30-year mortgage assumption.

    Regarding supply metrics, Ironbark’s market presents a desirable landscape for potential investors. With a low stock on market percentage of just 0.16% for houses, there’s decreased competition, enhancing the potential for strong long term capital growth. Additionally, the inventory level for houses stands at a favourable 0.63 months, further emphasising a market backlog that’s very much in demand.

    The building approvals Ratio for houses sits at 0.0%, indicating a low supply of new buildings – a favourable metric for investors. With an average of just 29 days on market for listed houses, Ironbark can be classed as a high demand suburb, with properties selling relatively quickly compared to other areas.

    The combined vacancy rate for houses and units remains exceedingly low at 0.66%, substantiating that the demand for rental properties is high in Ironbark. The buy search index sits at an average level of 5, suggesting an overall stable demand for purchase in the area.

    In summary, Ironbark 3550 demonstrates a number of appealing metrics for potential property buyers and investors. Despite some metrics, such as the renter to owner ratio, slightly veering into the less favoured ranges, the majority of critical data sits in the favourable zone. Assessing this suburb with the RCS (Relative Composite Score) metric developed by HtAG Analytics, which employs over 80 metrics for evaluation, could provide a comprehensive and objective insight for potential investment decision-making.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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