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...
Property investors in MONTEREY enjoyed capital gains of 2.96% over the last 12 months translating to lower returns compared with its peers in the territory.
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 $1,480,000.
Profits due to an downward trend in home prices there averaged -2.5% per annum over a 3-year period.
Home owners selling their properties and realtors in MONTEREY 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 $760 mark, reflecting a 2.67% increase in returns based on the current median price in MONTEREY.
MONTEREY, 2217 places 1215th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||2.96%||25.9%|
|Median 3 years||-7.5%||4.17%|
|Median 5 years||-0.87%||14.38%|
|10 years average annual||5.62%||6.85%|
|Weekly media advert. rent||$760||$440|
|Time on Market||0.0 days||67.3 days|
|Gross Rental Yield Percent||2.67%||2.61%|