Mirboo North is in South Gippsland LGA, VIC, postcode 3871, with population 2,263.
The page has enough signal to be useful, but the story is mixed rather than decisive. Use compare mode to pressure-test it against stronger nearby options, then use the calculator if it still makes the shortlist.
Gross yield screens at about 4.6%. Entry price sits in the lower-cost range for a first-pass screen.
Indicative cashflow is interest-only and excludes tax — use the calculator for a full projection.
Owners with a mortgage repay a median of $1,367/mo, while renters pay about $1,876/mo — renting runs $509/mo higher on these medians.
LGA-level official projection (Victoria in Future 2023, DTP). Indicative of the wider council area, not a suburb-level forecast.
Mirboo North (postcode 3871) is a smaller residential area in Victoria within the South Gippsland local government area. With a population of 2,263, the suburb has an older-leaning population with a median age of 48. Households earn a median income of $64K 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 +0.6% 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, technicians & trades, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Scottish.
Mirboo North has a median house price of $494,000, which has fallen sharply by 11.8% year-on-year. The current median weekly rent is $433. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,367.
Mirboo North is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 990, which is around the national average of 1,000. Public transport access includes 2 bus stops. The crime rate in the South Gippsland LGA is higher than average at 8,421 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 4.6%, which reads as moderate yield. Property prices sit below the state median ($494K/$875K), which can point to relative value. The price-to-income ratio of 7.8x is considered moderate. House prices have moved -11.8% year-on-year. Population growth of +0.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
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Mirboo North has enough direct local evidence for a first-pass decision.
QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
DataVic-discovered annual suburb price workbooks parsed into suburb prices. Quarterly VIC resources are discovered and cached, but not yet used as current-price anchors.
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Mirboo North is in the South Gippsland Local Government Area, VIC, postcode 3871. Council-level context for South Gippsland LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
The current median house price in Mirboo North, VIC is $494K, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
The median weekly rent in Mirboo North is $433/wk, based on the current market rent dataset. The current rent signal is rent-led investor candidate.
Rent-led investor candidate: Gross rent yield screens at about 4.6%. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
QuickProperty's investment signals for Mirboo North show: Moderate Yield, Below Median, Moderate. These are computed from price, rent, income, and population data — not an opaque score.
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.