Melbourne Sees Record-breaking Growth Despite Q3 Lockdowns
Low financing costs, change in housing-type preferences due to flexible work arrangements, and government support for ow...
The suburb’s capital gain of 8.33% for the past year is higher than average compared to its 13.75% growth within a five-year period.
Also in BASS HILL, the median home price is sitting at $910,000, and the average rent at $529.75, this suggests property owners could potentially earn a 3.03% increase in gross rental yield.
Property investors have seen a 2.25% gain in BASS HILL 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 6.78% growth over a ten-year period. It ranks 1139th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.33%||9.2%|
|Median 3 years||7.06%||-2.54%|
|Median 5 years||13.75%||8.29%|
|10 years average annual||6.78%||5.28%|
|Weekly media advert. rent||$529.75||$450|
|Time on Market||34.1 days||59.5 days|
|Gross Rental Yield Percent||3.03%||3.43%|