Office investment in Melbourne is boosting resi investment
Melbourne has been listed as an international investment hotspot and its increase in office investment is helping push up residential invest...
A steady increase in median property prices over a five-year period in the suburb translates to a N/A capital gain.
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 $1,140,000.
Home owners selling their properties and realtors in RAMSGATE 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 $585 mark, reflecting a 2.67% increase in returns based on the current median price in RAMSGATE.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,140,000 | $760,000 |
| GROWTH REPORT | ||
| Median Quarterly | N/A | -0.65% |
| Median 12 month | N/A | 0.26% |
| Median 3 years | N/A | 18.29% |
| Median 5 years | 31.79% | 45.45% |
| 10 years average annual | N/A | 7.21% |
| Weekly media advert. rent | $585 | $575 |
| Time on Market | 0.0 days | 0.0 days |
| Gross Rental Yield Percent | 2.67% | 3.93% |
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