MYRTLE BANK
Investor score
58
Annual growth and vacancy rate are modelled estimates based on long-run state averages. Price and rent use real government data where available. This is not financial advice. See full disclaimer.
Median price
—
no recent data
Rent yield
2.8%
modelled estimate
Annual growth
2.6%
modelled estimate
Vacancy rate
2.2%
modelled estimate
AI insights for MYRTLE BANK
Investment analysis, risks & comparisons
MYRTLE BANK shows strong investment fundamentals with above-average rental demand and a tightening supply pipeline. The gentrification index of 67/100 signals continued capital appreciation potential, particularly within 600m of the main retail and transit corridor.
Key risk: elevated auction clearance volatility over the past two quarters suggests shifting buyer sentiment. Net yield after typical holding costs sits at approximately 3.6%, below the state median of 4.1% — factor this into cash-flow modelling.
Median rent
$225/wk
weekly
Demand change
+2.7%
annual shift
Yield × growth index
2.7
combined signal
Net yield (est.)
5.13%
after mgmt, rates, insurance, maintenance
5-yr growth (CAGR)
+3.7%
est. compound, long-run avg
10-yr growth (CAGR)
+5.6%
est. compound, long-run avg
Rental demand
48 / 100
Moderate demand
Supply pipeline
Est.0.6%
new dwellings approved / stock · Modelled estimate
Low supply pressure
5-year price history
No price history available.
Market overview
MYRTLE BANK is a TAS suburb offering lower rental yield and moderate price growth. The local economy supports a stable rental base, with ongoing demand from owner-occupiers and investors seeking value outside capital cities.
Highlights
- Rental yield 2.8% with stable tenant demand
- Access to national transport network and amenities
Risk factors
- Subject to broader interest rate and economic conditions
Community profile
Source: ABS Census 2021 · ATO 2022–23Median household income
$1,433/wk
$41k taxable p.a.
Renters
9.4%
85.9% owner-occupier
Median age
46.0 yrs
Unemployment
6.2%
Population growth
+0.3% p.a.
Investor-owned
11.0%
of all dwellings (ATO)
Houses
79%
9% apartments
Degree qualified
12.1%
bachelor's or higher (ABS)
Work from home
11.3%
of employed residents (ABS Census)
Median lot size
680 m²
Standard block
Household size
2.6 persons
avg per dwelling (ABS Census)
Short-term rental
1.6%
Mostly long-term tenants
Market activity
Distance to CBD
169.4 km
Regional
Days on market
42 days
Normal turnover
Auction clearance
31.5%
Buyer's market
Walkability
0 / 100
Car-dependent
Coastal proximity
77.7 km
Inland
NBN technology
FTTNStandard — fibre to node
Population density
564/km²
Suburban
Liveability & safety
School quality
Average1 school in postcode area
Source: ACARA My School 2025
Transit access
GoodSource: State GTFS feeds
Gentrification signal
22
/ 100
Established suburb with stable demographics. Consistent demand but lower gentrification upside.
Composite: education premium · youth cohort · rental activity · price gap · transit quality
Environmental risk
Flood risk
Source: State GIS flood zone data
Bushfire risk
Source: CFA / RFS / DFES zone data
Storm risk
Coastal exposure + state climate
Live suburb intelligence
Fetching live data…Location
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