Minyip is a small community in Victoria within the Yarriambiack local government area (postcode 3392). With a population of 525, the suburb has an older demographic with a median age of 57. Households earn a median income of $46K per year, with an average household size of 2.1 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Minyip is $180,000, having surged 15.8% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 8.7%. The median monthly mortgage repayment is $542.
Minyip is served by 1 school, including 1 primary. The average ICSEA score is 893, which is well below the national average of 1,000. Public transport access includes 3 bus stops. The crime rate in the Yarriambiack LGA is higher than average at 8,069 incidents per 100,000 population.
From an investment perspective, Minyip offers a gross rental yield of 8.7%, rated as high yield. Property prices sit below the state median ($180K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 3.9x is considered affordable. House prices have moved +15.8% year-on-year.
Minyip is a small community in Victoria within the Yarriambiack local government area (postcode 3392). With a population of 525, the suburb has an older demographic with a median age of 57. Households earn a median income of $46K per year, with an average household size of 2.1 people. The most common occupations are managers, labourers, professionals. The top ancestries reported are Australian, English, Irish.
The median house price in Minyip is $180,000, having surged 15.8% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 8.7%. The median monthly mortgage repayment is $542.
Minyip is served by 1 school, including 1 primary. The average ICSEA score is 893, which is well below the national average of 1,000. Public transport access includes 3 bus stops. The crime rate in the Yarriambiack LGA is higher than average at 8,069 incidents per 100,000 population.
From an investment perspective, Minyip offers a gross rental yield of 8.7%, rated as high yield. Property prices sit below the state median ($180K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 3.9x is considered affordable. House prices have moved +15.8% year-on-year.