Office investment in Melbourne is boosting resi investment
Melbourne has been listed as an international investment hotspot and its increase in office investment is helping push up residential invest...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,817,500.
The upward trend in home prices in MATRAVILLE, 2036 averaged 12.22% per annum over a 3-year period.
Average weekly rents on listings have reached the $987.5 mark, reflecting a 2.83% increase in returns based on the current median price in MATRAVILLE.
An average of 6.58 real estate transactions take place per month in MATRAVILLE which translates to 79 per annum.
79 properties were sold in MATRAVILLE in 2016, making it the 125th most active market in NSW based on total real estate transactions.
MATRAVILLE, 2036 places 700th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,817,500 | $880,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.41% | 0% |
| Median 12 month | 2.47% | 10.69% |
| Median 3 years | 36.65% | 23.25% |
| Median 5 years | 81.75% | 53.11% |
| 10 years average annual | 9.78% | 7.71% |
| Weekly media advert. rent | $987.5 | $650 |
| Time on Market | 71.3 days | 42.4 days |
| Gross Rental Yield Percent | 2.83% | 3.84% |
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