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Irrewarra, VIC 3249
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$920,000
list-price estimate
Median Unit
$575,000
Gross Yield (houses)
2.2%
1yr Growth
-
Investment snapshot for Irrewarra
Irrewarra has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Irrewarra market and investor summary
In Irrewarra, VIC 3249, houses show a gross rental yield of 2.2%. At 1.1% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.2% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.1% and a resident base that is not shrinking.
Living in Irrewarra: people, income and schools
About 365 people live in Irrewarra, a number that has held fairly steady over five years. At a median age of 47, it reads as skewed a little older, and 86% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $82,000 a year (about $1,580 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). Incomes have risen about 27% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 365
- +1% over 5yr
- Median age
- 47 years
- Median household income
- $82,000/yr
- Households renting
- 6%
- Family households
- 75%
- Socio-economic rank
- 6/10
- ABS advantage index
- Unemployment
- 1.3%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Irrewarra
No properties currently listed in Irrewarra
Search Irrewarra listings →Frequently asked questions about Irrewarra
What should I check before investing in Irrewarra?
Irrewarra has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.1% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Irrewarra?
The median property price in Irrewarra, VIC 3249 is $575K for units.
What rental yield does Irrewarra show?
The gross rental yield in Irrewarra is 2.2% for houses and 2.8% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Irrewarra?
The current vacancy rate in Irrewarra is 1.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Irrewarra?
Irrewarra has a population of approximately 365 residents, with a median age of 47.
Is Irrewarra's population growing?
The population of Irrewarra has grown modestly, about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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