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Myamyn, VIC 3304

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

Data updated

Tight Rental Market

Median House

$675,000

Median Unit

$110,000

list-price estimate

Gross Yield (houses)

3.5%

1yr Growth

-

Investment snapshot for Myamyn

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

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Myamyn market and investor summary

In Myamyn, VIC 3304, the median house sells for around $675K, on a gross rental yield of 3.5% for houses. At 0.7% 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 3.5% will not cover holding costs in the early years, so the case leans on price appreciation.

Living in Myamyn: people, income and schools

About 64 people live in Myamyn, a number that has held fairly steady over five years. At a median age of 52, it reads as an older, established demographic, and families account for 54% of households.

The typical household income runs to around $60,000 a year (about $1,150 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to a steep 11.3 times local household income, so affordability is a genuine constraint on local buyers.

Fixed broadband is delivered over the NBN's Fixed Wireless.

Population
64
-1% over 5yr
Median age
52 years
Median household income
$60,000/yr
Households renting
18%
Family households
54%
Socio-economic rank
2/10
ABS advantage index
Unemployment
2.3%

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

Properties in Myamyn

No properties currently listed in Myamyn

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Frequently asked questions about Myamyn

What should I check before investing in Myamyn?

Myamyn has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.7% 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 Myamyn?

The median property price in Myamyn, VIC 3304 is $675K for houses.

What rental yield does Myamyn show?

The gross rental yield in Myamyn is 3.5% 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 Myamyn?

The current vacancy rate in Myamyn is 0.7%. 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 Myamyn?

Myamyn has a population of approximately 64 residents, with a median age of 52.

Is Myamyn affordable to buy in?

A median house in Myamyn costs about 11.3 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). 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 Myamyn's population growing?

The population of Myamyn 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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