Ivanhoe is a well-established suburb in Victoria within the Banyule local government area (postcode 3079). With a population of 13,374, the suburb has an established demographic with a median age of 40. Households earn a median income of $116K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Ivanhoe is $1.9 million, having grown strongly 6% over the past year. Units have a median price of $720,000 (-2.7% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,383.
Ivanhoe is served by 5 schools, including 3 primary, 2 combined. The average ICSEA score is 1161, which is well above the national average of 1,000. Public transport access includes 7 rail stations, 58 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
From an investment perspective, Ivanhoe offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($1.9M/$875K), placing it in the premium segment. The price-to-income ratio of 15.9x is considered stretched. House prices have moved +6.0% year-on-year.
Ivanhoe is a well-established suburb in Victoria within the Banyule local government area (postcode 3079). With a population of 13,374, the suburb has an established demographic with a median age of 40. Households earn a median income of $116K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Ivanhoe is $1.9 million, having grown strongly 6% over the past year. Units have a median price of $720,000 (-2.7% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,383.
Ivanhoe is served by 5 schools, including 3 primary, 2 combined. The average ICSEA score is 1161, which is well above the national average of 1,000. Public transport access includes 7 rail stations, 58 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
From an investment perspective, Ivanhoe offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($1.9M/$875K), placing it in the premium segment. The price-to-income ratio of 15.9x is considered stretched. House prices have moved +6.0% year-on-year.