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...
Property investors have seen a -1.02% drop in BIRMINGHAM GARDENS based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains BIRMINGHAM GARDENS, 2287 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 $485,000
Profits averaged 9.66% per annum over a 3-year period, due to an upward trend in home prices in BIRMINGHAM GARDENS, 2287.
This means, real estate investors could earn a rental income of $350 based on current median home prices for the suburb.
The gross rental yield in BIRMINGHAM GARDENS, 2287 is 3.75%.
An average of 3.67 real estate transactions take place per month in BIRMINGHAM GARDENS which translates to 44 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $485,000 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | -1.02% | N/A |
| Median 12 month | 7.33% | N/A |
| Median 3 years | 28.99% | N/A |
| Median 5 years | 38.57% | N/A |
| 10 years average annual | 6.35% | N/A |
| Weekly media advert. rent | $350 | N/A |
| Time on Market | 34.2 days | N/A |
| Gross Rental Yield Percent | 3.75% | N/A |
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