Myrtlebank, VIC 3851

The median house price in Myrtlebank, VIC 3851 is $693k as of June 2026, based on a very small number of recent sales. Prices vary by bedroom count, from compact two-bedroom homes to larger four-bedroom houses. See the bedroom-level breakdown below for 2-, 3- and 4-bedroom medians.

The median weekly house rent in Myrtlebank is $236 as of June 2026. Current vacancy pressure is shown in the supply section above.

A 3 bedroom house in Myrtlebank rents for a median $236 per week as of June 2026. Figures cover only segments with enough recent leases to be statistically meaningful; sparse segments are excluded. The segment breakdown covers rent, yield and days on market for every property type and bedroom count.

Gross rental yield in Myrtlebank is 1.61% for houses as of June 2026, compared with the VIC unit median of 3.49%. Gross yield is annual rent divided by purchase price — it doesn't account for ownership costs like council rates, strata, maintenance or vacancy.

As of June 2026 in Myrtlebank, gross rental yield is 1.61% against a VIC median of 2.99%, houses take a median 58 days to sell, sales supply is 2.4 months (tight). Capital growth, rental yield, selling speed and supply are the signals investors weigh — but these figures describe the market, not a recommendation. This is data, not financial advice; always do your own research and consider a licensed adviser.

Houses in Myrtlebank sell in a median 58 days on market as of June 2026. Faster clearance typically coincides with stronger buyer demand and lower supply.

Myrtlebank's sales market sits at 2.4 months of supply for houses as of June 2026 — classified as Tight against the Australian distribution. Under 1.7 months is Severe (extreme shortage); over 4.5 months is Loose.

Myrtlebank's median house price ($693k) is 2% above the VIC median ($680k) as of June 2026. On selling speed, houses clear in 58 days vs 22 days state median. On gross yield, Myrtlebank sits at 1.61% vs 2.99% state median.

The most-transacted segment in Myrtlebank over the 12 months to June 2026 is 2 bed houses with 1 sale. 3 bed houses come second at 1 sale. The buying-versus-renting section above breaks down the top segments with weekly mortgage, rent and ownership-cost detail.

Myrtlebank recorded 1 house sale and 0 unit sales over the 12 months to June 2026 — a combined 1 transaction. On the rental side, 1 house and 0 units were leased. Segments with statistically thin samples are excluded from displayed figures.

Myrtlebank is in postcode 3851, in the Gippsland region of VIC. Addresses there are written as Myrtlebank, VIC 3851.

Myrtlebank, VIC 3851 is home to 90 residents (ABS Census 2021). The median resident age is 45, and the average household holds 1.7 people. The "Who lives here" section above breaks the community down by age, life stage and tenure.

The median household in Myrtlebank earns $1k per week — roughly $58k a year (ABS Census 2021). Median personal income runs $569/week. Income, rent-to-income and mortgage-to-income context sits in the "Who lives here" section above.

The unemployment rate in Myrtlebank is 50.0% (ABS Census 2021). The rate counts people who are working or actively looking for work — not a share of all residents. Workforce participation sits at 50%. The local economy section above covers incomes, employment status and the occupation mix.

Myrtlebank is mostly owner-occupied: about 100% of households are owner-occupiers and 50% rent (ABS Census 2021). Of owners, 50% own outright and 50% are paying off a mortgage.

Myrtlebank has 20 schools within reach — including Wurruk Primary School, Sale and District Specialist School, Gippsland Grammar. The Schools section above maps each one with sector, year range, enrolment, Micromarkets-compiled academic ratings and ICSEA (ACARA).

Myrtlebank, VIC 3851 has a population of 90, a median age of 45, a median household income around $1k/week, 50% of households renting (ABS Census 2021). There are 20 schools within reach. Whether it's the right fit depends on your priorities — these figures describe the community, housing mix and amenity rather than offer a verdict.

This Myrtlebank market data was last updated July 2026, covering the 12 months to June 2026. Figures are computed monthly from 12-month rolling windows of recorded sales and leases, with five years of monthly history behind the trend charts. Methodology, glossary and data sources are linked in the footer.