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Myrtleford, VIC 3737
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$650,000
market range $625K-$700K
Median Unit
$440,000
list-price estimate
Gross Yield (houses)
3.9%
1yr Growth (houses)
+11.6%
market range +2.5% to +15.0%
Investment snapshot for Myrtleford
Myrtleford has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Myrtleford market and investor summary
Myrtleford (VIC 3737) runs a median house price of $650K, with houses yielding a gross 3.9%. House prices have moved +11.6% over the past year and +8.0% over three years. At 0.7% 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 3.9% is neither a standout cashflow play nor a pure growth bet. Houses also take time to sell, around 130 days on market, so plan for a slower exit if you ever need one.
Living in Myrtleford: people, income and schools
Myrtleford has a resident population of roughly 3,285, a number that has held fairly steady over five years. The median age is 50, an older, established demographic, and 73% 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 $59,000 a year, or roughly $1,140 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to a steep 10.9 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 40% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 3 schools within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 36 for walkability and 4 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.
- Population
- 3,285
- -2% over 5yr
- Median age
- 50 years
- Median household income
- $59,000/yr
- Households renting
- 23%
- Family households
- 66%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 3
- avg ICSEA 1000
- Unemployment
- 4.1%
- Walk score
- 36/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Myrtleford
No properties currently listed in Myrtleford
Search Myrtleford listings →Frequently asked questions about Myrtleford
What should I check before investing in Myrtleford?
Myrtleford has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +11.6% in the past year shows strong recent price momentum. 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 Myrtleford?
The median property price in Myrtleford, VIC 3737 is $650K for houses.
What rental yield does Myrtleford show?
The gross rental yield in Myrtleford is 3.9% for houses. 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 Myrtleford?
House prices in Myrtleford are up 11.6% over the past year and up 8.0% over three years. 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 Myrtleford?
The current vacancy rate in Myrtleford 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 Myrtleford?
Myrtleford has a population of approximately 3,285 residents, with a median age of 50.
What schools are near Myrtleford?
There are 3 schools within roughly 5km of Myrtleford. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Myrtleford affordable to buy in?
A median house in Myrtleford costs about 10.9 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 Myrtleford's population growing?
The population of Myrtleford has fallen about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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