$170m development to benefit Melbourne’s eastern suburbs
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
Property investors have seen a 3.54% gain in MARMONG POINT based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains MARMONG POINT, 2284 saw average growth in the long term.
The NSW 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 $584,999
This means, real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
The gross rental yield in MARMONG POINT, 2284 is 4%.
An average of 1.17 real estate transactions take place per month in MARMONG POINT which translates to 14 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $584,999 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.54% | N/A |
| Median 12 month | 6.36% | N/A |
| Median 3 years | N/A | N/A |
| Median 5 years | 25.81% | N/A |
| 10 years average annual | 5.03% | N/A |
| Weekly media advert. rent | $450 | N/A |
| Time on Market | 98.9 days | N/A |
| Gross Rental Yield Percent | 4% | N/A |
MaxCap Group has closed a $170 million senior debt deal for a development finance that will be used to deliver an exciting project in Melbou...
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