Myrtleford, located in the Alpine Shire of Victoria, Australia, presents a compelling case for both prospective homeowners and investors in its housing market. Traditionally known for its picturesque landscapes and rich agricultural history, Myrtleford offers a blend of rural charm and modern conveniences. The housing market here has seen steady growth, fueled by an increasing interest in the region's natural beauty and its appeal as a serene lifestyle destination. The area boasts a variety of housing options, from charming older-style homes and lifestyle properties to newer developments that cater to those seeking modern amenities. The market has remained relatively affordable compared to more metropolitan areas, which attracts a range of buyers, from retirees looking for a peaceful retreat to young families seeking an active and engaged community environment.
Living in Myrtleford provides a quality of life that's closely tied to its stunning natural surroundings and its small-town feel. Residents enjoy access to a wide array of outdoor activities, including hiking, cycling, and water sports, courtesy of the nearby Mount Buffalo National Park and the Ovens River. The town is community-focused, with local festivals, markets, and events fostering a strong sense of camaraderie among its inhabitants. Daily life here is characterized by a slower pace, allowing residents to enjoy the peace and tranquility of country living while still having access to essential services and facilities, such as schools, healthcare centers, and local shops. Myrtleford also has a rich cultural scene, reflecting its diverse community, with various cultural and arts events throughout the year. Overall, living in Myrtleford offers a harmonious blend of natural beauty, community spirit, and a comfortable lifestyle ideal for those seeking respite from the hustle and bustle of city living.
Median Weekly Rent | $251.44 |
Median Monthly Mortgage | $1390.22 |
Median Persons Per bed houseroom | 0.71 |
Average Household Size | 2.22 |
Average Age | 50.44 |
Average Income | $671.89 |
Average Cars Per Dwelling | 1.98 |
Average Properties Within 50M | 7 |
Typical 1 bed house | $231,000 |
Typical 2 bed house | $531,000 |
Typical 3 bed house | $504,000 |
Typical 4 bed house | $770,000 |
Typical 5 bed house | $770,000 |
Typical 6 bed+ house |
Housing Stock
Download 25 Mbps / Upload 5 Mbps
Thinking about buying in Myrtleford? Now could not be a better time, with 2366 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $563,000 with prices in this suburb ranging from $80,000 to $1,183,000. The aproximate distance to the coast is 171 Km.
Consistent high demand relative to supply is a key feature in Myrtleford driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Myrtleford due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Myrtleford changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Myrtleford to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Myrtleford the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property Valuation24 Geoffrey Street, Myrtleford, VIC, 3737 | 4 | 2 | 4 | 860000 | |
17 Toner Avenue, Myrtleford, VIC, 3737 | 0 | 0 | 0 | 375000 | |
18 Toner Avenue, Myrtleford, VIC, 3737 | 0 | 0 | 0 | 395000 | |
Unit 4, 69 Prince Street, Myrtleford, VIC, 3737 | 2 | 1 | 1 | 399999 | |
4-6 Lawrence Street, Myrtleford, VIC, 3737 | 3 | 1 | 6 | 900000 | |
52 Lewis Avenue, Myrtleford, VIC, 3737 | 3 | 2 | 2 | 675000 | |
Unit 1, 6 Thomas Street, Myrtleford, VIC, 3737 | 6 | 5 | 2 | 850000 | |
14 Thomas Street, Myrtleford, VIC, 3737 | 0 | 0 | 0 | 338000 | |
67 Mummery Road, Myrtleford, VIC, 3737 | 4 | 2 | 3 | 780000 | |
5 Sanderson Rise, Myrtleford, VIC, 3737 | 4 | 2 | 2 | 770000 | |
50 Halls Road, Myrtleford, VIC, 3737 | 5 | 2 | 4 | 1199000 | |
46 Great Alpine Road, Myrtleford, VIC, 3737 | 4 | 2 | 6 | 610000 | |
9 Greens Lane, Myrtleford, VIC, 3737 | 4 | 2 | 7 | 1370000 |
Marian College
St Mary's School
Myrtleford P-12 College
(While the above schools are located with the suburb of Myrtleford there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.3 | 14.3 | 33.4 | 18.2 | 78.2 | 3.6 | 27.2 |
Feb | 1.1 | 14.1 | 31.5 | 23.6 | 84.1 | 3.2 | 23.3 |
Mar | 2.0 | 11.8 | 27.6 | 32.4 | 90.0 | 2.7 | 18.4 |
Apr | 1.1 | 7.2 | 22.6 | 39.3 | 94.2 | 2.3 | 14.3 |
May | 1.6 | 4.5 | 17.4 | 53.0 | 98.0 | 2.1 | 10.0 |
Jun | 1.5 | 2.4 | 13.9 | 63.6 | 98.6 | 2.1 | 8.2 |
Jul | 2 | 3.4 | 13.2 | 64.6 | 98.3 | 2.7 | 8.0 |
Aug | 1.7 | 2.9 | 14.2 | 56.9 | 98.1 | 2.8 | 11.2 |
Sept | 1.5 | 4.3 | 18 | 47.2 | 97.6 | 2.8 | 16.1 |
Oct | 1.5 | 6.4 | 21.9 | 39.8 | 96.2 | 2.9 | 21.3 |
Nov | 1.3 | 9.5 | 26.3 | 27.5 | 90.2 | 3.4 | 25.0 |
Dec | 1.8 | 12.4 | 30.8 | 19.6 | 83.0 | 3.6 | 27.7 |
source: Australian Government Bureau of Meteorology
Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!