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12 MIN READProperty Market Update: Melbourne, December 2021
Melbourne capped off a bumpy 2021 with double-digit annual growth, triumphing over gloomy start-of-the-year forecasts. H...
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Liberty GroveLiberty Grove - SUBURB PROFILE REPORT
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Also in LIBERTY GROVE, the median home price is sitting at $1,190,000, and the average rent at $750, this suggests property owners could potentially earn a 3.28% increase in gross rental yield.
Property investors have seen a 0.17% gain in LIBERTY GROVE based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 19.69% growth over a ten-year period. It ranks 3454th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,190,000 | $842,500 |
| GROWTH REPORT | ||
| Median Quarterly | 0.17% | 1.35% |
| Median 12 month | N/A | 13.09% |
| Median 3 years | N/A | 5.78% |
| Median 5 years | N/A | 4.01% |
| 10 years average annual | 19.69% | 5.88% |
| Weekly media advert. rent | $750 | $527.5 |
| Time on Market | 0.0 days | 78.2 days |
| Gross Rental Yield Percent | 3.28% | 3.26% |
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