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Mirranatwa, VIC 3294

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental Market

Median House

$490,000

Median Unit

$230,000

list-price estimate

Gross Yield (houses)

4.0%

1yr Growth

-

Investment snapshot for Mirranatwa

Mirranatwa has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Mirranatwa market and investor summary

Mirranatwa (VIC 3294) runs a median house price of $490K, with houses yielding a gross 4.0%. At 0.6% 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 4.0% is neither a standout cashflow play nor a pure growth bet.

Living in Mirranatwa: people, income and schools

About 31 people live in Mirranatwa, a number that has held fairly steady over five years. The median age is 47, skewed a little older, and families account for 66% of households.

Households here earn a median of about $70,000 a year, or roughly $1,350 a week. On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to about 7.0 times local household income, in line with much of metropolitan Australia. Incomes have risen about 25% over five years, which tends to underpin what local buyers can pay.

Population
31
-0% over 5yr
Median age
47 years
Median household income
$70,000/yr
Households renting
25%
Family households
66%
Socio-economic rank
8/10
ABS advantage index
Unemployment
2.1%

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Mirranatwa

No properties currently listed in Mirranatwa

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Frequently asked questions about Mirranatwa

What should I check before investing in Mirranatwa?

Mirranatwa has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.6% 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 Mirranatwa?

The median property price in Mirranatwa, VIC 3294 is $490K for houses.

What rental yield does Mirranatwa show?

The gross rental yield in Mirranatwa is 4.0% for houses. 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 Mirranatwa?

The current vacancy rate in Mirranatwa is 0.6%. 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 Mirranatwa?

Mirranatwa has a population of approximately 31 residents, with a median age of 47.

Is Mirranatwa affordable to buy in?

A median house in Mirranatwa costs about 7.0 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 Mirranatwa's population growing?

The population of Mirranatwa has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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