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...
The suburb’s capital gain of -2.72% for the past year is lower than average compared to its 47.06% growth within a five-year period.
Also in BUNDEENA, the median home price is sitting at $1,250,000, and the average rent at $650, this suggests property owners could potentially earn a 2.7% increase in gross rental yield.
Property investors have seen a 0% gain in BUNDEENA 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 7% growth over a ten-year period. It ranks 1016th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-2.72%||N/A|
|Median 3 years||21.95%||N/A|
|Median 5 years||47.06%||N/A|
|10 years average annual||7%||N/A|
|Weekly media advert. rent||$650||N/A|
|Time on Market||54.7 days||N/A|
|Gross Rental Yield Percent||2.7%||N/A|