Metro Melbourne Surpasses $1m Mark For The First Time
While it has lagged behind other capital cities in post-pandemic recovery, Melbourne has now cemented its resilience, re...
The suburb’s capital gain of 7.81% for the past year is higher than average compared to its 11.22% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in PICNIC POINT, the median home price is sitting at $1,090,000, and the average rent at $620, this suggests property owners could potentially earn a 2.96% increase in gross rental yield.
Property investors have seen a 1.4% gain in PICNIC POINT 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 6.22% growth over a ten-year period. It ranks 921st on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||7.81%||14.11%|
|Median 3 years||-5.22%||N/A|
|Median 5 years||11.22%||9.03%|
|10 years average annual||6.22%||11.39%|
|Weekly media advert. rent||$620||$530|
|Time on Market||52.9 days||0.0 days|
|Gross Rental Yield Percent||2.96%||3.26%|