Real Estate Iona Vic 3815

Real Estate Market: Is Iona VIC 3815 a Good Suburb to Buy Into?

Housing Market in Iona

Key Iona Metrics & Forecast to 2028

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Melbourne	Trend
Capital Growth Forecast: Houses	Premium	Premium	Premium
Capital Growth Forecast: Houses (2-Year Outlook)	Premium	Premium	Premium
Median yield for houses	Premium	Premium	Premium
Smart median rent: All houses	$574	Bottom 47%	172% to Mar 2025
Smart median sale price: All houses	Premium	Premium	Premium

Housing Supply in Iona

Iona Real Estate Investor Report

Sample Graphic

The higher the supply score the more supply is on the market, both current and future.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2002 - 2023

Iona

40.1%

Melbourne

28.8%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Development applications	0	Bottom 38%	Data for Jun 2025
Developments	2.1	Bottom 45%	Data for Jul 2023
Housing Stock Quality Indicator
Total new residential buildings value (SA2)	Premium	Premium	Premium
Days on market: houses	Premium	Premium	Premium
Days on market: units	Premium	Premium	Premium
Volume of houses sold in the last 30 days	Premium	Premium	Premium
Volume of units sold in the last 30 days	Premium	Premium	Premium
Stock on Market	0	Bottom 24%	Data for Mar 2025

Housing Stock Quality in Iona

The higher the score, the higher the quality of the houses and units.
Sources: ABS, GEOSPATIAL, Property Listings and Microburbs, 2006 - 2023

Field	Value	VS Melbourne	Trend
Houses	100.0%	Top 31%	Data for Jan 2021
Average bedrooms - all homes	2.8	Top 23%	22% to Jan 2021
NBN connection: fibreoptic cable to node	0.0%	Bottom 37%	Data for Jun 2023

Development Restrictions in Iona

Iona Zoning Map

Sample Graphic

The higher the score, the more easily density can be increased.
Sources: GEOSPATIAL, TORREN and Microburbs, 2011 - 2023

Iona

24.3%

Melbourne

36.9%

Compare
Suburbs

	Field	Value	VS Melbourne	Trend
	Heritage overlay total area	0.1 sq km	Top 40%	Data for Jun 2023

Risk in Iona

Iona Risk Report

Sample Graphic

The higher the score, the more exposed households are to financial stress.
Sources: ABS, Property Listings, TORREN and Microburbs, 2006 - 2023

Iona

47.8

Melbourne

49.7

Compare
Suburbs

Field	Value	VS Melbourne	Trend
% Owner Occupied	100.0%	Top 11%	Data for May 2023
% Rentals	0.0%	Bottom 11%	Data for May 2023
Housing Affordability Index	33	Top 47%	Data for Jun 2023
Median monthly mortgage	$1,970	Top 47%	50% to May 2023
Rent Affordability Index (Houses)	81	Top 32%	Data for Jun 2023
Rent Affordability Index (Units)	74	Bottom 39%	Data for Jun 2023
Mortgage as a percent of income	25.6%	Top 32%	5% to Jan 2021
Mortgaged Dwellings	63.4%	Top 5%	19% to May 2023

Housing Demand in Iona

The higher the score, the more demand their is for housing in the area, both current and future.
Sources: ABS, TORREN, Property Listings and Microburbs, 2006 - 2030

Iona

60.9%

Melbourne

82.9%

Compare
Suburbs

Field	Value	VS Melbourne	Trend
Net overseas migration (LGA)	Premium	Premium	Premium
Future Population (SA2)	11300	Bottom 46%	13% to Dec 2036
Historical Population (SA3)	127000	Top 16%	170% to Dec 2023
Historical population growth	Premium	Premium	Premium
Population (LGA)	167000	Top 10%	257% to Dec 2030
Population Projection (LGA)	Premium	Premium	Premium
Auction clearance rate	Premium	Premium	Premium
Proportion of distressed listings	Premium	Premium	Premium

Unit Market in Iona

Iona Unit Investor Report

Sample Graphic

Sources: Property Listings and Microburbs, 2002 - 2023

Field	Value	VS Melbourne	Trend
Median yield for units	Premium	Premium	Premium
Smart median rent: All units	$471	Bottom 46%	137% to Feb 2025
Smart median sale price: All units	Premium	Premium	Premium
Unit to house ratio	89.3%	Top 19%	13% to Mar 2025

LGA Details (1)

Headline	Place	Datetime
Local government area	Cardinia

Percent of Renters by Street (12)

Percent of Renters	Street
0.0%	Bunyip River Rd
15.6%	Bunyip-Modella Rd
0.0%	Carses Rd
0.0%	Dessent Rd
0.0%	Fallon Rd

Turnover Rate by Street (12)

Turnover rate	Street	Turnover Label	Turnover Years	Year
100.0%	Bunyip-Modella Rd	high turnover	Every 10.0 years (high turnover)	2025
120.0%	Little Rd	very high turnover	Every 8.3 years (very high turnover)	2025
50.0%	Bunyip River Rd	very tightly held	Every 20.0 years (very tightly held)	2025
75.0%	Fallon Rd	average turnover	Every 13.3 years (average turnover)	2025
100.0%	Main Drain Rd	high turnover	Every 10.0 years (high turnover)	2025

Recently Sold Houses (32)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
450 Little Rd	Price Withheld	3.0	1.0	2.0	03 Jan 2025	On Market
350 Bunyip-modella Rd	Price Withheld	3.0	2.0	3.0	20 Nov 2024	On Market
350 Bunyip-modella Rd	Price Withheld		2.0	3.0	20 Nov 2024	On Market
910 Bunyip-modella Rd	$1,860,000	4.0	2.0	2.0	10 May 2024	On Market
2058 Main Drain Rd	Price Withheld	3.0	1.0	2.0	14 Sep 2023	On Market

Businesses (1)

Name	Address
Brandy Creek Scaffolding	170 Parish Rd, Iona VIC 3815, Australia

Median House Sale Prices by Street (9)

Street	Date	Median sale value
Bunyip-Modella Rd	10 May 2024	$1,900,000
Fallon Rd	06 Oct 2023	$915,000
Temby Rd	06 Oct 2023	$1,134,000
Parish Rd	06 Oct 2023	$915,000
Little Rd	06 Oct 2023	$780,400

Recent Rental House Listings (100)

Address	Rent (per week)	Date
910 Bunyip-modella Rd	$800	11 Mar 2022
910 Bunyip-modella Rd	$800	11 Mar 2022
910 Bunyip-modella Rd	$800	11 Mar 2022
910 Bunyip-modella Rd	$800	11 Mar 2022
910 Bunyip-modella Rd	$800	11 Mar 2022

Recently Sold Units (100)

Address	Price	Bedrooms	Bathrooms	Garage spaces	Date sold	Sale Type
350 Bunyip-modella Rd	Price Withheld	3.0	2.0	3.0	20 Nov 2024	On Market
350 Bunyip-modella Rd	Price Withheld	3.0	2.0	3.0	20 Nov 2024	On Market
350 Bunyip-modella Rd	Price Withheld	3.0	2.0	3.0	20 Nov 2024	On Market
350 Bunyip-modella Rd	Price Withheld	3.0	2.0	3.0	20 Nov 2024	On Market
350 Bunyip-modella Rd	Price Withheld	3.0	2.0	3.0	20 Nov 2024	On Market

Recent Rental Unit Listings (100)

Address	Rent (per week)	Bedrooms	Bathrooms	Garage spaces	Date
910 Bunyip-Modella Rd	$290	1	1	0	16 Feb 2022
190 Parish Rd	Price Withheld				07 Apr 2017
190 Parish Rd	Price Withheld				07 Apr 2017
190 Parish Rd	Price Withheld				07 Apr 2017
190 Parish Rd	Price Withheld				07 Apr 2017