Ivanhoe (postcode 3079) is an established suburb in Victoria within the Banyule local government area. The area has roughly 13,374 residents and an established family 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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 professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
Ivanhoe has a median house price of $1.9 million, which has posted strong gains by 6% year-on-year. Units have a median price of $658,000 (-8.7% YoY). The current median weekly rent is $600. This gives a gross rental yield of approximately 1.7%. 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.
On the investment side, Gross rental yield sits at around 1.7% (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. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.