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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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Investment score breakdown

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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

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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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