Melbourne makes comeback with auction resurgence
The December quarter saw auction volumes rise in combined capital city markets, with the bulk of the uplift attributed to Melbourne. ...
Property investors have seen a 2.88% gain in ST JOHNS PARK based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains ST JOHNS PARK, 2176 saw average growth in the long term.
The NSW 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 $785,000
Profits averaged -1.75% per annum over a 3-year period, due to an downward trend in home prices in ST JOHNS PARK, 2176.
This means, real estate investors could earn a rental income of $475 based on current median home prices for the suburb.
The gross rental yield in ST JOHNS PARK, 2176 is 3.15%.
An average of 2.42 real estate transactions take place per month in ST JOHNS PARK which translates to 29 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $785,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 2.88% | N/A |
| Median 12 month | 3.97% | N/A |
| Median 3 years | -5.25% | N/A |
| Median 5 years | 11.35% | N/A |
| 10 years average annual | 6.56% | N/A |
| Weekly media advert. rent | $475 | N/A |
| Time on Market | 73.1 days | N/A |
| Gross Rental Yield Percent | 3.15% | N/A |
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