How will the latest lockdowns impact Melbourne’s property market?
Melbourne’s property market is currently experiencing the largest decline out of Australia’s capitals with fears new lockdown laws could...
Property investors enjoyed capital gains of 0.25% over the last 12 months in BIRRONG, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in BIRRONG are high, 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 3.22% increase in returns based on the current median price in BIRRONG.
BIRRONG, 2143 ranks 661st in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 828th on the list of best yielding suburbs for rental properties in NSW, posting a 3.22% return.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $807,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 6.18% | N/A |
| Median 12 month | 0.25% | N/A |
| Median 3 years | -5.78% | N/A |
| Median 5 years | 9.05% | N/A |
| 10 years average annual | 7.46% | N/A |
| Weekly media advert. rent | $500 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 3.22% | N/A |
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