Irymple (postcode 3498) is a medium-sized suburb in Victoria within the Mildura local government area. With a population of 5,977, the suburb has an established demographic with a median age of 40. Households earn a median income of $84K per year, with an average household size of 2.6 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.3% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, technicians & trades, professionals. Employment in the area leans toward healthcare and agriculture. The top ancestries reported are Australian, English, Italian.
Median house prices in Irymple stand at $560,000, having jumped by 12% over the last twelve months. Units have a median price of $394,000 (-8.3% YoY). The current median weekly rent is $465. This gives a gross rental yield of approximately 4.3%. The median monthly mortgage repayment is $1,343.
Irymple is served by 5 schools, including 2 primary, 1 secondary, 2 combined. The average ICSEA score is 992, which is around the national average of 1,000. Public transport access includes 26 bus stops. The crime rate in the Mildura LGA is higher than average at 14,116 incidents per 100,000 population.
From an investment perspective, Irymple shows a gross rental yield of approximately 4.3%, rated as moderate yield. Property prices sit below the state median ($560K/$875K), which can point to relative value. The price-to-income ratio of 6.7x is considered moderate. House prices have moved +12.0% year-on-year. Population growth of +0.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.