Ivanhoe East is a smaller suburb in Victoria within the Banyule local government area (postcode 3079). With a population of 3,762, the suburb has a mature demographic with a median age of 45. Households earn a median income of $155K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Italian.
The median house price in Ivanhoe East is $2.5 million, having grown strongly 9.9% over the past year. Units have a median price of $1.2 million (+0.4% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $3,000.
Ivanhoe East is served by 1 school, including 1 primary. The average ICSEA score is 1155, which is well above the national average of 1,000. Public transport access includes 17 bus stops. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
From an investment perspective, Ivanhoe East offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($2.5M/$875K), placing it in the premium segment. The price-to-income ratio of 16.2x is considered stretched. House prices have moved +9.9% year-on-year.
Ivanhoe East is a smaller suburb in Victoria within the Banyule local government area (postcode 3079). With a population of 3,762, the suburb has a mature demographic with a median age of 45. Households earn a median income of $155K per year, with an average household size of 2.7 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Italian.
The median house price in Ivanhoe East is $2.5 million, having grown strongly 9.9% over the past year. Units have a median price of $1.2 million (+0.4% YoY). The current median weekly rent is $500. This gives a gross rental yield of approximately 1.0%. The median monthly mortgage repayment is $3,000.
Ivanhoe East is served by 1 school, including 1 primary. The average ICSEA score is 1155, which is well above the national average of 1,000. Public transport access includes 17 bus stops. The crime rate in the Banyule LGA is higher than average at 8,647 incidents per 100,000 population.
From an investment perspective, Ivanhoe East offers a gross rental yield of 1.0%, rated as low yield. Property prices are above the state median ($2.5M/$875K), placing it in the premium segment. The price-to-income ratio of 16.2x is considered stretched. House prices have moved +9.9% year-on-year.