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Myrniong, VIC 3341
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,160,000
market range $775K-$1.4M
Median Unit
$300,000
Gross Yield (houses)
1.6%
1yr Growth (houses)
+4.7%
market range -5.0% to +37.5%
Investment snapshot for Myrniong
Myrniong has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Myrniong market and investor summary
Myrniong (VIC 3341) runs a median house price of $1.2M, with houses yielding a gross 1.6%. House prices have moved +4.7% over the past year. At 9.9% vacancy, it is a softer rental market with more choice for tenants.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 1.6% will not cover holding costs in the early years, so the case leans on price appreciation. Demand is softer at 9.9% vacancy, so longer gaps between tenants are more likely and worth building into the numbers. Houses also take time to sell, around 232 days on market, so plan for a slower exit if you ever need one.
Living in Myrniong: people, income and schools
Myrniong has a resident population of roughly 387, and the area has been growing steadily, up about 7% over five years. The median age is 46, skewed a little older, and 92% 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 $123,000 a year, or roughly $2,370 a week. On socio-economic measures it ranks comfortably above the national middle (7 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 9.4 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 15% over five years, which tends to underpin what local buyers can pay.
It is roughly 63 km from the CBD. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 387
- +7% over 5yr
- Median age
- 46 years
- Median household income
- $123,000/yr
- Households renting
- 5%
- Family households
- 84%
- Socio-economic rank
- 7/10
- ABS advantage index
- Unemployment
- 2.8%
- Distance to CBD
- 63 km
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Myrniong
No properties currently listed in Myrniong
Search Myrniong listings →Frequently asked questions about Myrniong
What should I check before investing in Myrniong?
Myrniong has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.7% gives a usable rent-to-price starting point. Capital growth of +4.7% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Myrniong?
The median property price in Myrniong, VIC 3341 is $1.2M for houses and $300K for units.
What rental yield does Myrniong show?
The gross rental yield in Myrniong is 1.6% for houses and 4.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Myrniong?
House prices in Myrniong are up 4.7% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Myrniong?
The current vacancy rate in Myrniong is 9.9%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Myrniong?
Myrniong has a population of approximately 387 residents, with a median age of 46.
Is Myrniong affordable to buy in?
A median house in Myrniong costs about 9.4 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 Myrniong's population growing?
The population of Myrniong has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Myrniong from the CBD?
Myrniong is about 63 km from the CBD.
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