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Myrtle Creek, VIC 3444
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,365,000
Median Unit
$725,000
list-price estimate
Gross Yield
-
1yr Growth
-
Investment snapshot for Myrtle Creek
Myrtle Creek has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Myrtle Creek market and investor summary
Myrtle Creek (VIC 3444) runs a median house price of $1.4M. At 2.8% vacancy, it is a broadly balanced rental market.
Houses also take time to sell, around 76 days on market, so plan for a slower exit if you ever need one.
Living in Myrtle Creek: people, income and schools
Myrtle Creek is home to around 68 people, a number that has held fairly steady over five years. The median age is 47, skewed a little older, and 79% 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 $86,000 a year, or roughly $1,660 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 a steep 15.8 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 26% over five years, which tends to underpin what local buyers can pay.
- Population
- 68
- +3% over 5yr
- Median age
- 47 years
- Median household income
- $86,000/yr
- Households renting
- 18%
- Family households
- 71%
- Socio-economic rank
- 6/10
- ABS advantage index
- Unemployment
- 2.0%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Myrtle Creek
No properties currently listed in Myrtle Creek
Search Myrtle Creek listings →Frequently asked questions about Myrtle Creek
What should I check before investing in Myrtle Creek?
Myrtle Creek has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Myrtle Creek?
The median property price in Myrtle Creek, VIC 3444 is $1.4M for houses.
How tight is the rental market in Myrtle Creek?
The current vacancy rate in Myrtle Creek is 2.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Myrtle Creek?
Myrtle Creek has a population of approximately 68 residents, with a median age of 47.
Is Myrtle Creek affordable to buy in?
A median house in Myrtle Creek costs about 15.8 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 Myrtle Creek's population growing?
The population of Myrtle Creek has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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