Ironbark is a small community in Victoria within the Greater Bendigo local government area (postcode 3550). With a population of 1,163, the suburb has an established demographic with a median age of 41. Households earn a median income of $66K per year, with an average household size of 2.1 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Ironbark is $485,000, having dropped significantly 8.5% over the past year. The current median weekly rent is $440. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,300.
Public transport access includes 15 bus stops. The crime rate in the Greater Bendigo LGA is higher than average at 9,634 incidents per 100,000 population.
From an investment perspective, Ironbark offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($485K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.3x is considered moderate. House prices have moved -8.5% year-on-year.
Ironbark is a small community in Victoria within the Greater Bendigo local government area (postcode 3550). With a population of 1,163, the suburb has an established demographic with a median age of 41. Households earn a median income of $66K per year, with an average household size of 2.1 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Ironbark is $485,000, having dropped significantly 8.5% over the past year. The current median weekly rent is $440. This gives a gross rental yield of approximately 4.7%. The median monthly mortgage repayment is $1,300.
Public transport access includes 15 bus stops. The crime rate in the Greater Bendigo LGA is higher than average at 9,634 incidents per 100,000 population.
From an investment perspective, Ironbark offers a gross rental yield of 4.7%, rated as moderate yield. Property prices sit below the state median ($485K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.3x is considered moderate. House prices have moved -8.5% year-on-year.