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Suburb Insights · VIC 3498

Irymple, VIC 3498 Property Profile

ABS 2021 Census · Updated 21 May 2026

Suburb Overview

Irymple is a regional centre in Victoria, Australia, with a population of approximately 5,977, making it a smaller community. Located approximately 469 km from the Melbourne CBD, Irymple is a regional area in Victoria. The median household income is $83,512 per year.

Investment Score

47 / 100 Moderate

Irymple has a solid income profile that supports reliable occupancy rates. As a regional location, growth prospects depend on local economic conditions and infrastructure investment.

Location

Melbourne
Irymple
Victoria · 3498
469 km from Melbourne CBD
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Key Indicators

Postcode
3498

Official Australia Post postcode for Irymple. A postcode may cover multiple suburbs.

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Population
5,977

Usual resident population at the most recent census.

Median weekly rent
$260/wk

Weekly median rent for occupied homes. Live rental data integration coming soon.

Median household income
$83,512/yr

Annual median household income (before tax) across all households.

Distance to CBD
469 km

Straight-line distance from the suburb centroid to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb.

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Parks & green spaces
2

Estimated 2 parks and green spaces near this suburb.

Median monthly mortgage
$1,343/mo

Monthly median mortgage repayment for households currently paying off a mortgage.

Home type
87% houses

Proportion of separate houses versus units, townhouses, and other home types. Useful for investors assessing rental demand mix.

Why People Like Living in Irymple

Who Irymple Suits

👨‍👩‍👧FamiliesSchool count or dwelling mix is lighter here.
📊InvestorsRent covers a solid share of the median mortgage.
🏡First-home buyersEntry costs sit at or below the Victoria median.
💼ProfessionalsLonger commute to the CBD.

Pros and Cons

Pros

  • Rent sits within an affordable share of local incomes, supporting tenant demand.
  • Mortgage costs are lower than the Victoria median, improving cash-flow margins.
  • Solid transport links into employment hubs.

Cons

  • Long distance to the CBD (469 km) — plan for commute time or local employment.
  • Fewer schools inside the suburb itself — verify catchments for neighbouring areas.

Investment Insight

5,977 residents places Irymple squarely in the middle of the Victoria suburb size distribution (state median 7,416), with market depth comparable to most VIC localities. Household income of $83,512/year is 12% below the Victoria median of $95,160, typically translating into lower entry prices and a tenant base more sensitive to rent increases. Rent of $260/week (84% coverage of the $1,343/month median mortgage) leaves a gap of roughly $216/month that a typical investor bridges with negative gearing, depreciation and capital growth. Irymple is 469 km from Melbourne, so the local market tracks regional employment and lifestyle drivers more than CBD-driven commuter demand.

Investment Tip

Regional property can deliver strong cash-flow yields but liquidity is tighter — plan for longer hold periods and verify local employment stability. Local rents consume roughly 16% of household income — a useful sanity check on tenant affordability.

Irymple vs Victoria Median

How Irymple stacks up against the median of all Victoria suburbs in our dataset. Positive values mean Irymple sits above the state median; negative means below.

MetricIrympleVIC medianΔ vs state
Population5,9777,416-19%
Median household income$83,512/yr$95,160/yr-12%
Median rent (weekly)$260$380-32%
Median mortgage (monthly)$1,343$1,950-31%
Distance to CBD469 km32 km+1366%
Separate houses87%78%+9pp

Investor Checklist

Pre-inspection briefing for Irymple — every item is derived from public datasets, with full citations in our data sources page.

Investment Strategy

⚠️
Buy & Hold

Moderate buy-and-hold potential: Irymple's 5,977-person market and $83,512 median household income work for investors who are selective on street location and property quality rather than counting on a suburb-wide rerating.

⚠️
Rental Yield

Moderate rental coverage: rent of $260/week covers 84% of a $1,343/month mortgage, leaving a $216/month gap that an investor bridges with equity, depreciation and tax benefits.

⚠️
Renovation / Flip

With 87% houses in a 5,977-person market, renovation margins depend on individual street and aspect rather than any suburb-wide story — do comparable-sales analysis before committing capital.

Risk Factors

Run the numbers on a Irymple property

Full Property Analysis

30-year projections for Irymple

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2026 Outlook

Growth: Low Rental Demand: Moderate Investor Sentiment: Low

Capital-growth expectations for Irymple are modest for 2026 — incomes 12% below the VIC median of $95,160 suggest gains will lag headline metro markets. Rental coverage runs at ~84% of the typical mortgage ($1,127/month rent vs $1,343/month repayment), keeping cash flow in positive or near-neutral territory. The EquitySight investment score of 47/100 places Irymple in the mid tier of Australian suburbs we profile, and overall investor sentiment is cautious heading into the second half of 2026.

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Frequently Asked Questions

Is Irymple a good suburb for investment?

Irymple scores 47/100 on our EquitySight investment framework — a moderate rating. That score is driven by a population of 5,977, median household income of $83,512/year and median weekly rent of $260. Whether it fits your portfolio depends on whether you are targeting cash flow, capital growth, or a value-add renovation — all three are scored with suburb-specific numbers elsewhere on this page.

What drives property demand in Irymple?

The main demand drivers in Irymple are a median household income of $83,512/year, a dwelling mix that is 87% separate houses, roughly 1 schools and 2 parks within the catchment. Together these shape both owner-occupier and tenant demand and are the factors we weight most heavily in the suburb's investment score.

What is the population of Irymple?

Irymple has a usual resident population of approximately 5,977, compared with a Victoria suburb median of 7,416 — placing it in the lower half of the state's suburbs by size. Population is the clearest proxy for market depth: more residents mean more transactions and typically a shorter average days-on-market on resale.

How far is Irymple from the Melbourne CBD?

Irymple sits 469 km straight-line from the Melbourne CBD. This is a regional market where CBD distance is only indicative — local industry diversity and commute alternatives matter more.

What is the median rent in Irymple?

The most recent census recorded a median weekly rent of $260 in Irymple, equating to approximately $13,520/year in gross rental income (state median $380/week). Market rents have typically drifted above the recorded figure — verify against current listings on realestate.com.au and Domain before making an offer.

What is the typical mortgage repayment in Irymple?

The median monthly mortgage repayment in Irymple is $1,343, or approximately $16,116/year (vs $1,950/month state median). Stress-test your own borrowing at rates 1–2 percentage points above today's to make sure you can still service the loan through an RBA tightening cycle.

Is Irymple cash-flow positive for investors?

A median weekly rent of $260 works out to $1,127/month, covering 84% of the median mortgage repayment of $1,343/month. That leaves a $216/month shortfall (around $2,592/year before tax benefits), so a typical owner-occupier-priced property here is negatively geared. Actual cash flow depends on your deposit, loan terms, ownership costs and marginal tax rate — run the full numbers in our rental yield calculator.

What are the main risks of investing in Irymple?

The main risks are interest-rate sensitivity on the $1,343 median mortgage, the broader Victoria market cycle. Each of these is covered in the Risk Factors section above with suburb-specific numbers rather than generic warnings.

How we built this Irymple profile

Every number on this page comes from the ABS 2021 Census of Population and Housing, Australia Post postcode reference data, and OpenStreetMap amenity tiles. The investment score, strategy verdicts, and comparison table are computed deterministically from those inputs — no opinion, no estimation. See our full methodology and the data sources and licences for the formulas we use.

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