Property market update: Melbourne, March 2020
The world came to a halt in March following the imposition of city-wide lockdowns to combat the spread of COVID-19. How will the Melbourne p...
Subscribe to our newsletter
Figures from the previous quarter show that capital gains for real estate buyers in BIRRONG are low, as opposed to average gains per annum over the past five years.
This number can mean, real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
On average, rents on listings have reached the $500 mark, reflecting a 3.35% increase in returns based on the current median price in BIRRONG.
BIRRONG, 2143 ranks 1094th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 780th on the list of best yielding suburbs for rental properties in NSW, posting a 3.35% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $775,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 1.97% | N/A |
| Median 12 month | -9.88% | N/A |
| Median 3 years | -9.62% | N/A |
| Median 5 years | 17.42% | N/A |
| 10 years average annual | 7.39% | N/A |
| Weekly media advert. rent | $500 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 3.35% | N/A |
The world came to a halt in March following the imposition of city-wide lockdowns to combat the spread of COVID-19. How will the Melbourne p...
Following a raft of fiscal changes to protect businesses and workers, the focus has shifted to housing, with landlords and tenants urged to ...
The government has unveiled its previously announced commercial leasing code of conduct, which aims to protect tenants and landlords facing ...
With a recession seemingly imminent, many investors are understandably concerned as they’ve seen their share investments drop in value, wr...
Australian landlords and tenants could be treated differently during COVID-19 depending on their location in Australia, it’s been revealed...
The whole world halted in March with the emergence of an unprecedented health crisis. How will the Sydney property market fare moving forwar...
Get notifications in real-time for staying up to date with content that matters to you.
Subscribe to our newsletter
