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Myrtleford Real Estate

Myrtleford real estate

Fewer than 1% of occupied homes in Myrtleford are flats or apartments, against 12% across Victoria. Separate houses make up 92% of the suburb's occupied homes.

  • House 92
  • Townhouse or terrace 7
  • Flat or apartment fewer than 1
  • Other or not stated 1
  • Owned outright 46
  • Mortgaged 27
  • Rented 22
  • Other or not stated 5
Homes in Myrtleford as a street of 100, from the census count of households by kind of home and tenure. Other or not stated also takes up the rounding.
Median rent$250 a weekVIC $370
Median mortgage repayment$1,300 a monthVIC $1,859
Median household income$1,143 a weekVIC $1,759

Three bedrooms and separate houses in Myrtleford

Separate houses account for 92% of occupied homes in Myrtleford, compared with 73% across Victoria. Townhouses, terraces or semi-detached houses make up 7%, below the state's 14%, and flats or apartments fewer than 1%. Taken together, these shares describe a suburb of separate houses, with apartments and attached homes both below their state shares.

Three-bedroom homes make up 54% of homes in Myrtleford, above 42% across Victoria. Homes with four or more bedrooms are at 24%, below the state's 33%, and those with two bedrooms or fewer at 20%, below 25%. On Census night, 12% of private dwellings in Myrtleford were unoccupied, above the state's 11%.

Victoria, the same way: 73 houses, 12 flats, 29 rented.

Ownership without a loan, and rent at $250 a week

Owning a home outright describes 46% of households in Myrtleford, above 32% across Victoria. Paying off a mortgage describes 27%, below the state's 36%, and renting 22%, below 29%. The median mortgage repayment is $1,300 a month, compared with $1,859 for the state. Of the three shares, outright ownership is the one above the state's.

The median rent in Myrtleford is $250 a week, below $370 across Victoria, and the median household income is $1,143 a week, below the state's $1,759. Set side by side on this page, the median rent comes to 22% of the median household income, above 21% for the state. The income median covers all households, renters or not, so the ratio is not what renters themselves pay.

Among renting households in Myrtleford, 58% rent from a landlord the ABS records as a real estate agent, below 73% across Victoria. The others rent from state housing, community housing, a private person or another landlord. At the 2021 Census, renting through an agent was less common among Myrtleford's renters than among the state's renters as a whole.

Older residents, smaller households in Myrtleford

The suburb of Myrtleford had 3,285 people at the 2021 Census. The median age is 50 years, against 38 across Victoria, and an average household holds 2.2 people, below the state's 2.5. These figures suggest older residents than the state's, with fewer people, on average, under each roof. One 2021 question asked people aged five and over where they lived in 2016. In Myrtleford, 58% were at the same address, above 54% across Victoria.