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Irrewillipe, VIC 3249
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$495,000
Median Unit
$470,000
Gross Yield (houses)
4.7%
1yr Growth
-
Investment snapshot for Irrewillipe
Irrewillipe has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Irrewillipe market and investor summary
Irrewillipe (VIC 3249) runs a median house price of $495K, with houses yielding a gross 4.7%. At 1.0% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.7% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.0% and a resident base that is not shrinking.
Living in Irrewillipe: people, income and schools
Irrewillipe has a resident population of roughly 100, a number that has held fairly steady over five years. The median age is 48, skewed a little older, and 76% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $80,000 a year, or roughly $1,540 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to about 6.2 times local household income, in line with much of metropolitan Australia. 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
- 100
- +1% over 5yr
- Median age
- 48 years
- Median household income
- $80,000/yr
- Households renting
- 23%
- Family households
- 78%
- 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 Irrewillipe
No properties currently listed in Irrewillipe
Search Irrewillipe listings →Frequently asked questions about Irrewillipe
What should I check before investing in Irrewillipe?
Irrewillipe has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.2%, giving a stronger rent-to-price starting point than many suburbs. Tight rental market (1.0% 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 Irrewillipe?
The median property price in Irrewillipe, VIC 3249 is $495K for houses and $470K for units.
What rental yield does Irrewillipe show?
The gross rental yield in Irrewillipe is 4.7% for houses and 5.2% 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 Irrewillipe?
The current vacancy rate in Irrewillipe is 1.0%. 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 Irrewillipe?
Irrewillipe has a population of approximately 100 residents, with a median age of 48.
Is Irrewillipe affordable to buy in?
A median house in Irrewillipe costs about 6.2 times the median local household income (broadly in line with metropolitan Australia). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Irrewillipe's population growing?
The population of Irrewillipe 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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