Mirboo North is a smaller suburb in Victoria within the South Gippsland local government area (postcode 3871). With a population of 2,263, the suburb has a mature demographic with a median age of 48. Households earn a median income of $64K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Mirboo North is $494,000, having dropped significantly 11.8% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.2%. 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.
From an investment perspective, Mirboo North offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($494K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.8x is considered moderate. House prices have moved -11.8% year-on-year.
Mirboo North is a smaller suburb in Victoria within the South Gippsland local government area (postcode 3871). With a population of 2,263, the suburb has a mature demographic with a median age of 48. Households earn a median income of $64K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Scottish.
The median house price in Mirboo North is $494,000, having dropped significantly 11.8% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.2%. 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.
From an investment perspective, Mirboo North offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($494K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 7.8x is considered moderate. House prices have moved -11.8% year-on-year.