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 5.93% gain in BLAKEHURST based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on BLAKEHURST, 2221 can rest assured about this NSW suburb's performance. The suburb saw median home prices rise by 13.29%.
Based on its average 5-year and quarterly capital gains BLAKEHURST, 2221 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 $1,875,000
Profits averaged -0.44% per annum over a 3-year period, due to an downward trend in home prices in BLAKEHURST, 2221.
This means, real estate investors could earn a rental income of $750 based on current median home prices for the suburb.
The gross rental yield in BLAKEHURST, 2221 is 2.08%.
An average of 10.17 real estate transactions take place per month in BLAKEHURST which translates to 122 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||13.29%||12.77%|
|Median 3 years||-1.32%||-2.27%|
|Median 5 years||18.86%||-26.88%|
|10 years average annual||7.88%||20.11%|
|Weekly media advert. rent||$750||$520|
|Time on Market||111.7 days||0.0 days|
|Gross Rental Yield Percent||2.08%||3.69%|