How will the latest lockdowns impact Melbourne’s property market?
Melbourne’s property market is currently experiencing the largest decline out of Australia’s capitals with fears new lockdown laws could...
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $460,000.
The downward trend in home prices in CANTON BEACH, 2263 averaged -0.88% per annum over a 3-year period.
Average weekly rents on listings have reached the $372.5 mark, reflecting a 4.21% increase in returns based on the current median price in CANTON BEACH.
An average of 1.42 real estate transactions take place per month in CANTON BEACH which translates to 17 per annum.
17 properties were sold in CANTON BEACH in 2016, making it the 967th most active market in NSW based on total real estate transactions.
CANTON BEACH, 2263 places 1204th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $460,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -9.8% | N/A |
| Median 12 month | N/A | N/A |
| Median 3 years | -2.65% | N/A |
| Median 5 years | 26.72% | N/A |
| 10 years average annual | 9.46% | N/A |
| Weekly media advert. rent | $372.5 | N/A |
| Time on Market | 0.0 days | N/A |
| Gross Rental Yield Percent | 4.21% | N/A |
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