Property market update: Melbourne, April 2020
Several weeks after lockdown measures have been passed due to the ongoing COVD-19 pandemic, how is the Melbourne property market faring in t...
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A steady increase in median property prices over a five-year period in the suburb translates to a -9.09% capital gain.
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 $700,000.
Profits due to an downward trend in home prices there averaged -3.03% per annum over a 3-year period.
Home owners selling their properties and realtors in OLD GUILDFORD usually have to wait an average of 0.0 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.34% increase in returns based on the current median price in OLD GUILDFORD.
OLD GUILDFORD, 2161 places 1104th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $700,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -3.65% | N/A |
| Median 12 month | -6.67% | N/A |
| Median 3 years | -9.09% | N/A |
| Median 5 years | 14.75% | N/A |
| 10 years average annual | 7.49% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 3.34% | N/A |
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