Property Market Update: Melbourne, September 2021
Melbourne’s property market kept the ball rolling in September as the city’s dwelling values rose once more during t...
Property investors have seen a 2.26% gain in MILPERRA based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MILPERRA, 2214 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 $950,000
Profits averaged 1.31% per annum over a 3-year period, due to an upward trend in home prices in MILPERRA, 2214.
This means, real estate investors could earn a rental income of $580 based on current median home prices for the suburb.
The gross rental yield in MILPERRA, 2214 is 3.17%.
An average of 4.75 real estate transactions take place per month in MILPERRA which translates to 57 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||9.2%||N/A|
|Median 3 years||3.94%||N/A|
|Median 5 years||12.69%||N/A|
|10 years average annual||5.98%||N/A|
|Weekly media advert. rent||$580||N/A|
|Time on Market||51.0 days||N/A|
|Gross Rental Yield Percent||3.17%||N/A|