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Myrtleford, VIC 3737

Home » VIC Real Estate Data » Alpine Shire, VIC » Myrtleford, VIC 3737

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 Myrtleford, VIC 3737 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 

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5BR

Rent 

2BR

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4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

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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 “Myrtleford, VIC 3737”

  1. The total adult population (15 years or older) of Myrtleford 3737 VIC is 2,776, with a median age of 50. Of those, 46.61% are married, 12.14% are divorced or separated, 31.16% are single and 10.05% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $6,184. The median monthly mortgage repayment for households in this suburb is $1,300 which is 21.02% of their earnings.

    Source: ABS Census Data (2021)

  2. Unique in its appeal, the suburban charm of MYRTLEFORD 3737, located in Victoria, homes around 2050 unique households. As we approached the third quarter of 2023, this neighbourhood showcased promising figures in the housing market, with typical house prices sitting comfortably at $730,947. This, complemented by a median weekly rent of $418, resulted in an indicative yield of 2.97%, close to the 3% mark desired by property investors.

    The inhabitants of this suburb enjoy a decent socio-economic status with an IRSAD score of 934 out of 1217. Myrtleford maintains a balance between rental properties and owner-occupied homes, highlighted by a favourable renter to owner ratio of 22%. Moreover, with a units to houses ratio at a mere 7%, it allows for a stable market less saturated with rental properties and an inviting vibe for families who usually plan for longer tenancy periods.

    However, the affordability index for houses is slightly on the high side at 46 years, based on the assumption of a standard 30-year mortgage.

    A closer look at the supply metrics indicates a predominantly unexplored market, with a stock on market percentage for houses at 0.21%, way below the upper limit of 1.3%. Furthermore, the inventory level sits comfortably at 1.12 months – a clear indication of a favourable low supply market, and no new residential buildings on the horizon as seen in the building approvals Ratio at 0.0%.

    While houses in the area may linger on the market for an average of 363 days, a combination of houses and units show a low vacancy rate at 0.87%, underpinning a high demand in the rental scenario. A buy search index for houses, at 4, falls in the neutral range.

    Although some metrics might not meet the optimal criteria for investment, it’s important to scrutinize the overall situation and the blend of favourable and questionable variables. Automated systems like RCS (Relative Composite Score), created by HtAG Analytics, remain instrumental in understanding a more in-depth, comprehensive picture of these metrics, based on over 80 indicators. Simply put, the allure of MYRTLEFORD 3737 isn’t fading away anytime soon. But as with any investment, addressing intricate data and keeping a keen eye on market dynamics is key.

    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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